(MENAFN-Khaleej Times) In an unprecedented participation for independent water and power projects in the UAE, the tenders for two high-profile utilities projects in Ras Al Khaimah have attracted over 116 companies from 15 countries since the announcement of the projects in early January
The tenders call for the construction of a water desalination plant, which will deliver an output of 22 million gallons per day and a power plant that will generate 40MW per hour once operational.
Companies from the United States, Europe, Japan, China, India and the Middle East are in the race for the projects, with GDFSuez, Elf Energy, Abengoa (which has built Shams Energy), and Acwa Power among the top international bidders. The tender is expected to be wrapped up in the third quarter of this year.
The projects are being developed to meet the rapid growth of Ras Al Khaimah and surrounding emirates. The projects are modelled to set a precedent for the UAE, resulting in lowering or completely wiping out subsidies as prevalent along with lowering consumer pricing.
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