Abu Dhabi Wraps Up Finance For Mirfa IWPP

Abu Dhabi has completed financing for the last gas-fired power and water project under its current capacity expansion program. Following the Mirfa independent water and power project (IWPP), Abu Dhabi’s next major increment will be four 1.4GW nuclear plants at Barakah, due online in 2017-20.

Abu Dhabi Water and Electricity Authority (ADWEA, 80%) and France’s GDF Suez (20%) are targeting a phased start-up during 2016-17.

Whether similar large-scale gas-fired capacity is sanctioned in the future may depend on UAE’s ability to source additional gas imports (MEES, 10 October). Competition for UAE’s overstretched gas supplies includes LNG exports and expanding petrochemicals capacity (see p8). (CONTINUED - 272 WORDS)