Biwater preferred bidder in UAE deal
Dubai, June 9, 2007
Britain's Biwater and two GCC partners have been named preferred bidders for a contract worth up to an estimated Dh2 billion ($544.7 million) to build sewage treatment plants in the UAE, the project's overseer said.
France's Veolia and Singapore's Keppel Seghers were among the six groups of firms bidding for the deal, which also involves buying 40 percent of Abu Dhabi's sewage sector in the Gulf's first such privatisation.
'Detailed discussions will take place with the preferred bidder group of Biwater and partners over the next few weeks,' said Alan Thompson, managing director of Abu Dhabi Sewerage Services.
The preferred bidder will take a 40 per cent stake in a sewage company that will be set up, with the rest held by Abu Dhabi Water & Electricity Authority.
'We expect the whole process of technical, legal and financial clarifications to be completed by September this year,' Thompson said.
Kuwait's Mohammed Abdulmohsin Kharafi & Sons and Abu Dhabi-based Al Qudra Holding are Biwater's partners in the project to build two sewage treatment plants in Abu Dhabi and Al Ain.
'Work is scheduled to start in October and commissioning of the plants will be in March 2010,' said Thompson, whose company oversees Abu Dhabi emirates's sewerage sector.
The Abu Dhabi plant will have a capacity of 300,000 cubic metres per day while that of the Al Ain plant will be 65,000 cmpd. Reuters