PFI – US$2bn ADWEA bidders line up

* Developers line up with suppliers

* Bids due in mid July

By Rod Morrison

LONDON, April 22 (Project Finance International) – The
bidders for Abu Dhabi’s US$2bn 1600MW Shuweihat 3 independent
power project (IPP) are now lining up with their gas turbine
suppliers, contractors and bankers following a site visit and
meetings with utility ADWEA. The bidders are:

* International Power (IPR.L: )/ Tepco (9501.T: )/GE (GE.N: )/
Toshiba (6502.T: )/ Bayerische Landesbank (BLGGgh.F: ) [BAYLB.UL]/
SMBC (8316.T: );

* Marubeni (8002.T: )/ Osaka Gas (9532.T: )/ Kansai Electric
(9503.T: )/ GE/ Hyundai Heavy Industries (009540.KS: )/ Credit
Agricole (CAGR.PA: )/ Standard Chartered (STAN.L: );

* Mitsui (8031.T: )/ Mitsubishi (6503.T: )/ Hyundai E&C
(000720.KS: )/ BTMU/ SG (SOGN.PA: );

* Sumitomo (8053.T: )/ Kepco (015760.KS: )/ Siemens (SIEGn.DE: )/
Daewoo (047050.KS: )/ BNP Paribas (BNPP.PA: )/ Mizuho (8411.T: ); and
* Suez (GSZ.PA: )/ GE/ Samsung (010140.KS: )/ Samba (1090.SE: )/
Natixis (CNAT.PA: ).

Malaysian companies Powertek and Tenaga were on the site
visit too and are believed to be looking into how to get
involved. The bid opening date is July 15. The one missing
bidder is Saudi owned specialist power developer Acwapower,
which has been ruled out due to its being a GCC company. It was
looking at a Chinese equipment solution.

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PFI – US$2bn ADWEA bidders line up