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The UAE signed a $1.5 billion contract with a Franco-Belgian consortium of TotalFinaElf and Tractebel to upgrade and refurbish Taweelah A-1, Abu Dhabi's second independent power and water plant.
TotalFinaElf-Tractebel beat off bids from US firms CMS Energy Corporation, Enron Corporation and Bechtel as well as Japan's Marubeni Corporation and Britain's National Power.
The consortium will hold 40 per cent in a new utility company to be established to implement the build-own-operate project, with the state-owned Abu Dhabi Water and Electricity Authority (Adwea) picking up the remaining 60 per cent.
The contract aims to add 500-700 MW to Taweelah A-1's current capacity of 225 MW and more than double its water desalination capacity from 29 million gallons per day (mgpd) to 82 mgpd.
