Abu Dhabi seeks power project bids

Abu Dhabi will be inviting international companies to bid for its ninth independent water and power project (IWPP), the Taweelah C project, by year-end at the latest, a top official said today.

Abdulla Saif al-Nuami, the director of privatisation at the Abu Dhabi Water & Electricity Authority (Adwea), said the request for proposals will be issued soon after the refinancing for its eighth IWPP Shuweihat 2 is closed.

“It will be after summer, certainly before the year end. It could be October or November this year,” he said.