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Developers invited to submit proposals for Adnoc water PPP project

  • Developers invited to submit proposals for Adnoc water PPP project

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The energy firm Abu Dhabi National Oil Company (ADNOC) has expanded the bid submission date to July 18th for the first phase of ‘Project Wave’, a plan to advance a seawater nanofiltration plant at Al-Mirfa, reports Energy & Utilities.

The nanofiltration plant at Al-Mirfa will be the first phase of the ‘Project Wave,’ worth around $5 billion.

Last year, in November, The Abu Dhabi National Oil Company (ADNOC) had prequalified eleven firms and consortia to take part in the bidding for a planned public-private (PPP) water treatment scheme.

Adnoc decided to split the ‘Project Wave’ scheme into two phases, with the Al-Mirfa phase tendered first, according to Energy & Utilities.

The projects are planned to be developed under a build, own, operate and transfer (BOOT) basis.

Project Wave is to be developed under a build, own, operate and transfer (BOOT) basis.

The successful bidders will form a special purpose vehicle (SPV) with Adnoc to deliver the BOOT scheme, with a long-term water treatment and transportation agreement (WTTA) to be signed between the SPV and Adnoc, the offtaker for the scheme. The project will be fully returned to Adnoc at the end of the WTTA.

This project is part of the company’s program to reduce carbon emissions in its development activities, as it is expected increase efficiencies and lead to a net reduction in CO2 emissions.

The new scheme will replace the present-day aquifer water injection systems used for maintaining reservoir pressure in onshore fields in Abu Dhabi with more sustainable water resources.

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