Fast Market Research recommends "United Arab Emirates Water Report Q4 2012" from Business Monitor International, now available
Boston, MA -- (SBWIRE) -- 12/26/2012 -- BMI View: Abu Dhabi did not let water policy drift over the traditionally quiet summer months, and the confirmation of the plans for a new independent water and power project (IWPP) at Mirfa is a tonic for the sector and for international developers looking for project opportunities in the UAE. It remains to be seen what approach Dubai will adopt over our five-year forecast period; the emirate's economy is starting to revive after a troubled three years, following the Dubai World debt crisis. Water demand should start to regain its historic trend, and the emirate's authorities will need to find a solution to how it wants to finance the necessary investment.
Key themes to highlight for UAE's water sector:
- After some mixed news for privately financed power and water projects in the UAE - headed by Dubai Electricity & Water Authority's (DEWA's) controversial cancellation of an independent power project (IPP) early in 2012 - the announcement of a new independent water and power project in Abu Dhabi will restore some confidence among private water developers. The new IWPP at Mirfa, sponsored by Abu Dhabi Water & Electricity Authority (ADWEA), will have a 53mn gallons-a-day (g/d) water desalination capacity, as well as 1,500 megawatts (MW) of electricity generation. A 40% stake will be offered to the successful foreign bidder, with a plant completion deadline set for 2016.
- ADWEA is refinancing the debt on the Suweihat II IWPP, with plans to issue an US$800bn bond, which would be used to repay some of the bank loans ahead of schedule, and then secure new loans at lower interest rates. Some lenders are expected to accept repayment terms rather than commit to lower interest rates.
- In summer 2012, the UK's Mott MacDonald won an estimated AED2bn consultancy contract for services on building a pumping station as part of ADSSC's Strategic Tunnels Enhancement Programme (Step). The pumping station will have a 3.3mn m3/d capacity, which will assist ADSSC complete the upgrade of the emirate's sewage system.
- Dubai invited bids for an extended 26 August deadline on a contract to build water reservoirs with a 120mn gallon capacity at Lusaily. Bidders are mainly Gulf and Indian firms. Another 120mn gallon reservoir at Ghafat is due for completion in 2012.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Materials research reports at Fast Market Research
You may also be interested in these related reports:
- United Arab Emirates Water Report Q3 2012
- United Arab Emirates Petrochemicals Report Q4 2012
- United Arab Emirates Shipping Report Q4 2012
- United Arab Emirates Commercial Banking Report Q4 2012
- United Arab Emirates Defence & Security Report Q4 2012
- United Arab Emirates Real Estate Report Q4 2012
- United Arab Emirates Foodservice: The Future of Foodservice in United Arab Emirates to 2016
- United Arab Emirates Freight Transport Report Q4 2012
- United Arab Emirates Food & Drink Report Q4 2012
- United Arab Emirates Business Forecast Report Q4 2012
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)