In connection with the July 17, 1999 request for proposals issued by the Abu Dhabi Water & Electricity Authority (ADWEA), the consortium of Total S.A. and Tractebel S.A., was selected by ADWEA to implement the Taweelah A1 Generation and Desalination Project in Abu Dhabi. The scope of the project included, among other things:
The formation of Gulf Total Tractebel Power Company (the “A1 Project Company”) which is owned indirectly by ADWEA (60%), Total (20%) and Tractebel (20%).
The purchase by the A1 Project Company of the existing Taweelah A1 gas-fired electricity and desalination plant with a gross capacity of 255MW and 29.2MIGD (the “Existing Plant”).
The refurbishment, rehabilitation, upgrading, extension, testing and recommissioning of the Existing Plant (the “Plant Extension” and, together with the Existing Plant, the “A1 Plant”) to a total net capacity of 1,350MW and 84MIGD.
The construction of two new access roads to the jetty (the “New A1 Shared Facilities”).
The operation and maintenance of the A1Plant and sale of the A1 Plant’s electrical capacity and output and water desalination capacity and output to Abu Dhabi Water and Electricity Company(“ADWEC”) for a period extending to 20 years after Project Commercial Operation Date (“PCOD”).
Construction of the Plant Extension and operation of the A1 Plant was carried out by the Turnkey Contractor and the O&M Contractor owned and supported by the International Sponsors on a 50%/50% several basis. The technology employed by the Projects is General Electric (GE) 9E gas turbines for power generation and Sidem’s MED units for seawater desalination. Babcock Borsing Power, the original contractor and maintenance provider for the Existing Plant and Sidem, the provider of the desalination technology for the Existing Plant, were retained as primary sub-contractors by the turnkey Contractor for construction of the power and desalination aspects of the plant extension. GE was retained as a primary sub-contractor for the long-term maintenance of the gas turbines.
The total projected financing requirements for the project are US$1,473 million.