The Consortium consisting of ACWA Power, Beatona and FCC (the "Consortium") has submitted on the 11th of March 2015 a Tender Offer in response to an Invitation to Tender from the Ministry of Works, Municipalities Affairs and Urban Planning (the "Ministry") in the Kingdom of Bahrain (the "Kingdom") for the provision of an Integrated Waste Management System ("IWMS").
Through this latest Tender, the Kingdom of Bahrain has taken a proactive step to address the growing waste footprint of the Kingdom in an effective and environmentally responsible manner. Being an island nation, where land is a scarce resource, the Ministry through this Tender, aims to ensure that its current 1.5 Million Tons Per Annum of Solid Waste and future growth is treated in the most environmentally effective and commercially viable manner by diverting waste from Landfills, achieving high recycling targets and recognizing waste as a renewable energy resource.
By tendering the IWMS on a Build Own Transfer ("BOT") basis under a 25 Year Public-Private Partnership Concession, the Ministry has recognized the vital role that can be played by the Private Sector in developing and operating key infrastructure projects such as this one.
The Consortium has submitted a competitive Base Bid that is compliant with the Ministry's requirements and takes into account the long terms needs of the Kingdom. In addition, the Consortium has also submitted 4 innovative Alternative Proposals that aim to deliver further value to the Kingdom.
Recognizing that freshwater is a highly strategic and scarce resource in the Region, the Consortium has proposed an Alternative that incorporates a Waste to Water Facility which can provide the Kingdom of Bahrain with Desalinated Water utilizing a renewable and sustainable source of energy in the process; thus efficiently addressing the growing water needs of the Kingdom reducing the dependence on fossil fuels.
The Consortium combines International experience with Regional operating know-how that provides the Ministry with a dependable partner capable of designing, financing, building and operating this key infrastructure project.
About ACWA Power:
ACWA Power is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with operations in 10 countries in the Middle East and North Africa, Southern Africa and South East Asia regions. ACWA Power's portfolio, with an investment value in excess of USD 25 billion, can generate 16.1 GW of power and produce 2.5 million m3 /day of desalinated water to be delivered on a bulk basis to state utilities and industrial majors on long term off-take contracts under Public-Private-Partnership, Concession and Utility Services Outsourcing models.
ACWA Power, registered and head-quartered in the Kingdom of Saudi Arabia, is owned by eight Saudi conglomerates, Sanabil Direct Investment Company (owned by the Public Investment Fund of Saudi Arabia), the Saudi Public Pensions Agency and the International Finance Corporation (a member of the World Bank Group).
ACWA Power pursues a mission to reliably deliver electricity and desalinated water at the lowest possible cost while seeking to maximize local content and local employment creation, thereby contributing to the social and economic development of the communities and countries it invests in and serves.
ACWA Power strives to achieve success by adhering to the values of Diversity, Rigor, Ingenuity, Fairness and Integrity in operating its business.
Riyadh | Dubai | Beijing | Istanbul | Johannesburg | Rabat | Hanoi| Cairo
About Beatona:
Beatona is the Middle East and North Africa's leading regional Waste Management Project Development and Investment Company, developing concession-based Projects that are both environmentally friendly and commercially viable. Beatona currently treats 1.6 Million Tons of Solid Waste per Year through its various Waste Treatment Facilities, which span the Waste Management value chain, including Material Recovery, Plastics Recycling and Waste-to-Energy.
Beatona's Saudi based Operation & Maintenance Subsidiary, Zero Waste Arabia, operates a 5,000 Ton per Day Material Recovery Facility in Riyadh, currently the largest in the World. Through its Moroccan Subsidiary, the Societe Marocaine de Recuperation et de Recyclage, Beatona recycles 11,000 tons per annum of PET Plastics, and through its Czech Associate Company, ACWA Power Beatona Bioenergie, converts Commercial and Municipal Waste to Green Energy.
Beatona is a subsidiary of ACWA Holding, a leading Power, Water and Infrastructure and Services Holding Company, with over 9,500 employees and around USD 7 billion of projects under execution.
Riyadh | Dubai | Manama | Casablanca | Prague
About FCC:
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. (FCC) is the parent company of one of the leading European public services groups, present in the environmental services, water and infrastructures sectors. FCC has over 100 years' experience in the provision of waste management and other environmental services, to both the public and the private sector, all over the world.
In 2013, FCC's turnover was € 6,726 million, of which 42% came from the international markets, mainly Europe and America. Public and especially environmental services have been the company's central activities almost since its foundation over 100 years ago. The services provided in this sector represent 39.4% of the group revenues and 64.9% of the EBITDA.
FCC Group provides services including the areas of environment, water and industrial waste. The group of companies (branches and subsidiaries) integrated in this area undertake all the activities related to refuse collection (both municipal and commercial & industrial), street cleaning, all types of waste treatment and disposal, recycling and energy recovery, repairs and maintenance of sewerage network systems, the integral water cycle (water supply and waste water treatment), handling of industrial wastes and the conservation of green areas.
FCC operates over 100 recycling facilities and over 1,500 waste collection vehicles, including electric, hybrid and natural gas vehicles. FCC has 10 Energy from Waste facilities with capacity to process 2.6 million tons producing 300 MWh every year.
In aggregate, FCC provides environmental services to over 5,000 municipalities worldwide, servicing 28 million people, collecting 12 million of solid waste and treating 20 million tons of solid waste every year.
© Press Release 2015
