MIRFA II

Narrative description of the project:

M2 RO Plant, a new-build reverse osmosis seawater desalination plant with a net potable water capacity of eighty (80) MIGD, together with associated infrastructure and facilities, to be located at the Mirfa Industrial Complex, approximately five (5) km west of Mirfa City on the Arabian Gulf coast of the UAE, and approximately one hundred (100) km southwest of Abu Dhabi City (the “Mirfa Complex”). The M2 reverse osmosis plant will be located adjacent to an existing power generation and seawater desalination plant in the Mirfa Complex (the “Mirfa IWPP Plant”), constructed and operated by Mirfa International Power and Water Company (the “Mirfa IWPP Project Company”), which is a joint venture company owned sixty percent (60%) by Mirfa Power Holding Company (a wholly owned subsidiary of TAQA), twenty percent (20%) by M Power Holding Company Limited (a special purpose vehicle currently owned by Engie SA) and twenty percent (20%) by Sojitz Global Investment B. V. (a special purpose vehicle owned by Sojitz Corporation). The Mirfa Complex is the former site of a wholly-owned power generation and water desalination facility (the “Al Mirfa Power Plant”), which began construction in 1993 and eventually consisted of several gas turbines for electricity generation, multi-stage flash distillation units for water desalination and associated infrastructure and facilities. Most of the assets of the Al Mirfa plant were either (a) transferred to the Mirfa IWPP Project Company to be rehabilitated and incorporated into the Mirfa IWPP plant; or (b) demolished or otherwise liquidated, although some assets remain in the Mirfa complex and in the leased premises of M2 RO.

GHENOVA’s scope of works:

CIVIL ENGINEERING OF TENDERS.

• CAPEX analysis
• Preliminary MTO