Kahramaa project honoured as best PPP Deal 2016by Kim Kemp on Feb 22, 2017
Umm Al Houl IWPP, has been recently named the best PPP Deal of 2016.
The facility D project of the Qatar General Electricity & Water Corporation (Kahramaa), Umm Al Houl IWPP, has been named the best PPP Deal of the Year 2016 in the Middle East and Africa by the Projects Finance International, The Peninsula reported.
Projects Finance International is a leading source of global project and infrastructure finance news, data and tools associated with Thomson Reuters.
As the procuring authority on Facility D, Kahramaa has been honoured for demonstrating the highest standards of project execution and build- operate- transfer (BOT) procurement.
The international award reflects Kahramaa’s commitment to uphold its operational and functional standards at all levels, including maintaining its role as a project sponsor.
Facility D, structured as a BOOT type public- private partnership (PPP) it is the first PPP project to embrace the ‘Strategic National Investor’ (SNI) model developed by the Qatar General Electricity & Water Corporation (Kahramaa).
The project also establishes the viability for reverse osmosis (RO) technology for Qatar as demonstrated by the interest shown from major global RO developers at the bidding stage of the procurement.
Umm Al Houl is the largest IWPP incorporating both RO and thermal desalination technology with an IPP in Qatar and one of the largest in the region.
The project confirms the appeal of long term project financing as a source of private funding for large national infrastructure projects.