Doosan wins contract for F3 IPP
South Korea’s Doosan Heavy Industries & Construction has been awarded a $59m supply contract for Abu Dhabi's F3 independent power project (IPP) in Fujairah. Doosan will supply a 270MW steam turbine and a 540MW generator for the F3 IPP.
South Korea’s Doosan Heavy Industries & Construction has been awarded a $59m supply contract for the F3 independent power project (IPP) in Fujairah.
Doosan will supply a 270MW steam turbine and a 540MW generator for the F3 IPP. Energy & Utilities recently reported that the special purpose vehicle (SPV) established to develop the F3 IPP had reached financial close for the project.
Abu Dhabi-based Emirates Water & Electricity Company (Ewec) awarded the contract to Japan’s Marubeni Corporation to develop the 2.4GW Fujairah F3 IPP in February.
Marubeni will hold a 40 per cent stake in the special purpose vehicle (SPV) set up to develop and operate the plant, with the Abu Dhabi government to hold the remaining 60 per cent stake.
First power from the project is scheduled to come online in summer 2022, with the full capacity to come online by the summer of 2023.
The Japanese developer submitted the second lowest bid in October last year during a competitive tendering process. The developer’s bid of 16.812 7901 fils a kilowatt hour (fils/kWh) was slightly higher than the AED16.7901 fils/kWh second lowest bid submitted by France’s Engie.
South Korea’s Samsung C&T has been appointed by the developer to provide engineering, procurement and construction (EPC) services worth $960m for the project.
Ewec is the offtaker for all of the power and water produced in the emirate of Abu Dhabi and Northern Emirates, procuring supply from 18 plants across the UAE.
Ewec falls under the umbrella of Abu Dhabi Power (ADPower), which recently completed the transaction to transfer its power and water generation assets and transmission and distribution infrastructure to Abu Dhabi National Energy Company (Taqa) in exchange for shares.
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