POWERGLOBE targets for the AL DUR (phase 2) project in Bahrain. Dr. Theodore Theodoropoulos, MD (Global Investments) for POWERGLOBE met His Excellency Dr. Abdul-Hussain Ali Mirza, Minister of Electricity and Water Authority (EWA) in Bahrain regarding the Al Dur Power & Water project, phase II. Al Dur is the largest independent power and water desalination plant in the Kingdom of Bahrain, producing 1,234MW of power and 48 MIGD of water. The Bahraini Electricity and Water Authority (‘EWA’) is the sole off-taker of the plant output as stipulated in the 25-year Power and Water Purchase Agreement.
Al Dur was built by Hyundai Heavy Industries and uses General Electric turbines for the two power blocks. The plant utilizes Reverse Osmosis (RO) as its water desalination technology. Degrémont (GDF SUEZ group) has provided the RO technology, which is a highly flexible, efficient and environmentally friendly desalination technology. Al Dur will be the largest desalination plant with reverse osmosis technology in the Middle East.
Electricity and Water Authority (EWA), on behalf of Government of Bahrain (GoB), is planning to undertake the Second Phase (Al Dur Water and Power Plant Phase II) as a part of Al Dur Independent Water and Power Plant project in Al Dur, Bahrain. The project involves the construction of 1,354 MW combined cycle power plant and 218,200 cm per day a desalination plant. It includes the construction of an underground and deep-sea tunnels, a side stream filter plant, inter stage pump and the installation of gas turbines, steam turbines, chemical dosing systems, dissolved air flotation system, PLC control system and other related facilities. The total investment budget of the second phase -Al Dur Water and Power Plant Phase II- is estimated close to US$1.5 billion.
In March 2016, EWA issued tender for financial advisory role on the project. HSBC in a consortium with Norton Rose Fulbright and Mott MacDonald was the only bidder. In June 2016, EWA re-tendered for financial advisory role on the project. Six firms were submitted bids are HSBC, Ernst & Young, BNP Paribas, Gulf International Bank, KPMG Fakhro and Pricewaterhouse. As of October 2016, EWA are in the process of evaluating consultancy proposals.
POWERGLOBE LLC is a Company licensed by the Qatar Financial Centre Authority (QFC No: 00364). POWERGLOBE LLC powers under Article 11 (1) of the Qatar Financial Centre Law (Law No (7) of 2005 of the State of Qatar. The company operates NG -to- Power development project; NG supply-contract valuation; energy mix and portfolio management; NG and LNG bids project management; LNG and power (electricity) projects management; renewable energy development projects across Middle East, Asia, US, Africa and Europe.
Furthermore, Dr. Theodore and His Excellency Dr. Abdul-Hussain Ali Mirza discussed the potential developments of renewable energy (RES) in Bahrain, with the development of 150MW of solar energy with 25-year Power Purchase Agreement (PPA) from the Bahraini Electricity and Water Authority (EWA).
Sources: EWA, QGN, Gulf Agencies, Bahrain News, Bahrain Today, Gulf Times, Arabian Business.