Involved with the independent power project for two decades, we developed strong relationships with our clients, leading to our selection as lenders’ independent engineer in conjunction with construction of units three, four, five and six, and operation and maintenance of all six power generation units and common facilities.
Units five and six successfully achieved financial close in early 2013. The total project cost is approx US$1.6 billion.
Following our construction and commissioning monitoring activities of units five and six, we are providing operational monitoring on behalf of the lenders over the term of the debt facilities.
Our involvement at the plant as lenders’ independent engineer/technical advisor began when we first embarked on a pre-financial close technical and environmental review, construction, commissioning and operational monitoring for the first four units on behalf of a consortium of banks, international financial institutions and national export credit agencies
Following this well-received work and a competitive global tender, Abu Dhabi’s national energy company (TAQA), the project sponsor, appointed us as lenders’ independent technical advisor, reporting to BNP Paribas (technical bank for the project lender group) to oversee construction and subsequent operation of two additional coal-fired thermal generating units with a combined gross capacity of 700MW (units five and six) and upgrades to common plant facilities. Our work included additional coal ship unloading equipment and upgrades to the coal conveyor and handling systems.