Middle East/North Africa Portfolio
Taweelah Asia Power Company
Abu Dhabi, UAE
General |
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| Project company Plant location COD |
Taweelah Asia Power Company (“TAPCO”) Taweelah, Abu Dhabi, UAE April 1996 (existing B plant) July 2008 (new B plant) |
Transaction |
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| Financial close TAPCO ownership AGPHCo ownership BTU equity interest |
July 2005 Abu Dhabi Water & Electricity Authority (“ADWEA”) 60% Asia Gulf Power Holding Co. (“AGPHCo”) 40% Marubeni 35%, BTU Power 25%, Powertek 25%, JGC 15% (together, the “Consortium”) 10% of TAPCO |
Project Costs & Financing |
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| Total project cost Debt:equity ratio Lenders |
$3,066 million 80:20 JBIC, BNP Paribas, Standard Chartered, KfW |
Operations |
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| Concession Plant capacity Plant type EPC O&M LTMA Fuel supplier Offtakers |
Build-Own-Operate (“BOO”) 1,092 MW, 95 MIGD (existing B plant), 2,061 MW, 163 MIGD (total after extension) Combined cycle cogeneration, gas-fired Babcock Borsig (rehabilitation of existing B plant) Siemens / Fisia Italimpianti (new B plant) Asia Gulf Power Service Co. (“AGPSCo”), subcontracted to Fortum / Babcock Borsig Siemens Takreer (20 yrs) Abu Dhabi Water & Electricity Company (power, 20 yrs) TRANSCO (water, 20 yrs) |
Technology |
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| Existing B plant Initial B extension New B plant |
6 x Gas/oil fired boilers (Babcock) 6 x Steam turbines (ABB/Alstom) 6 x Multi stage flash (“MSF”) distillers (Fisia Italimpianti) 2 x Frame 9E GT (GE) 1 x Steam turbine (GE) 3 x MSF distillers (Hitachi Zosen) 3 x v94.3A (Siemens) 1 x Steam turbine (Siemens) 4 x MSF distillers (Fisia Italimpianti) |
Investment Highlights |
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