MEED Projects AAC Service Bahrain Min. of Mun. Affairs & Urban Planning - Askar Waste to Energy Plant Comer Owner Bahrain Ministry of Municipalities Affairs & Progress Urban Planning Parent Project Budget Value $1,000m Location Southem Governorate, Bahrain Contract Value som Status Study Net Value $1000m Sector Power ‘Award Date May 2017 Contract Type Build Operate Transfer (BOT) ‘Completion Date December 2019 Project ID 10491 Last Updated On March 2016 Al bur % o Shek Isa Air Base + Google Map data €2016 Goc © Copyright 2000-2016 MEED ProjectsMEED Projects AAC Service irr ke arc) (Cath flow Value (Sm) ll Cumulative Cash flow Value (Sm) Prins c) Form Function OnshorelOffshore Greenfield/Brownfield Scope Onshore Greenfield Bahrain - Ministry of Works Housing is constructing a waste-to-energy plant at Askar in Bahrain. Domestic wa 390000 tonnes per year will be sourced from Manama. Bahrain Ministry of Municipalities Affairs Urban Planning is constructing a waste-to-energy plant at Askar in Bi Domestic waste of 390000 tonnes per year will be sourced from Manama. Typical scope of the project include: = Boiler internals = Initial pre-sorting/recycling - Process for the treatment of domestic waste - Recycling of construction waste - Composting of green and garden waste - Thermal treatment plant for the elements no longer able to be re-used or recycled A sanitary solid-waste landfill - Electrical and control systems including the DCS system - Pollution control equipment - Electrostatic precipitators with fabric fiter houses. - Associated facilities Role Owner Financial Advisor ‘Company Contact Bahrain Ministry of Municipalities Affairs & Senior Strategic Programme Planner, Salma Bani, Urban Planning Phone:#973 17 501 565 HSBC Bank Middle East Phone:+971 4 507 7488 © Copyright 2000-2016 MEED ProjectsMEED Projects AAC Service aS eee Event Type Event Date Main Contract Completion, Commissioning December 2019 Main Contract Award May 2017 Main Contract Commercial Bid Submission February 2017 Main Contract Tender Issue (ITB, RFP) November 2016 Project Name Parent Name Status Industry Net Va Bahrain Min. of Mun. Affairs & Urban Study Power Planning - Askar Waste to Energy Plant ESI er kena a : lhe Cash flow Value (Sm) ll Cumulative Cash flow Value (Sm) Sree Sosa anaes T Pscenans eet Country Region Project Count Southern Governorate 1 4,000 © Copyright 2000-2016 MEED ProjectsMEED Projects AAC Service ERTICOMn Ree Rosier cna USE Pa Value of Waste to Energy Power Plant projects in [Value of Waste to Energy Power Plant projec CPEs Bahrain Completion Date News March 2016 The tender has not been issued yet. December 2015 ‘The tender on the the project is expected to be issued by Q4, 2016. September 2015 ‘Tender for the project has been cancelled. The project involves various processes like compostir recycling etc. and the client is currently reviewing the entire project. An exact time - frame for iss fresh tenders is unclear at this stage however, itis expected that the project will be re-tendered c 2016 if the project is approved. August 2015 The contract is stil not awarded and an exact time - frame for the same is unknown, July 2015, ‘The project is stil under client evaluation and the contract is not awarded. June 2015 Bids are still under evaluation and the contract is expected to be awarded within 2 months, May 2015 ‘The project is under evaluation and is expected to be awarded soon. © Copyright 2000-2016 MEED ProjectsMEED Projects AC Service April 2015 March 2015 December 2014 ‘September 2014 August 2014 May 2014 February 2014 October 2013 October 2013 July 2013, ‘September 2012 February 2011, February 2011 November 2010 Nine groups submitted bids, but only eight prices were accepted, for the estimated $1bn waste-t scheme in March. The bidding groups along with their base price are as follows - Alawali AlSuadi Holding (local) $12.52 a tonne - Konzeum Waste Services (local) $13.26 a tonne - Climate Finance (local) $19.89 a tonne - Acwa Power (Saudi Arabia) / Beatona (Saudi Arabia) / FCC (Spain) $39.31 a tonne + Vinci (France) $44.82 a tonne - Suez Environment (France) / Besix (Belgium) 45.57 a tonne - Asjt International (local) 52.38 a tonne = EAG (Malaysia)/Keppel (Singapore) 79.30 a tonne However, according to sources close to the project, the following five prices are the only viable b the others regarded as too low - Acwa Power (Saudi Arabia) / Beatona (Saudi Arabia) / FCC (Spain) $39.31 a tonne = Vinci (France) $44.82 a tonne = Suez Environment (France) / Besix (Belgium) 45.57 a tonne ~ Asi International (local) 52.38 a tonne ~ EAG (Malaysia)Keppel (Singapore) 79.30 a tonne ‘The scope of the new project has been significantly expanded and includes the full value chain o ‘management and is aimed at reducing the amount of waste going to lanafil by at least 90 per ce will also produce recycled and treated products of high quality from the incoming raw waste. Source : MEED ‘The bid submission was postponed and was done in the 2nd week of March 2015. The project was put on hold due to environmental issues. However, it has been revived. Develop tender was issued in October 2014 and the submission date is December 10, 2014, Itochu Corps amongst others is bidding for developing the project. The project is on hold due to environmental issues. ‘The project is stil under study. Several studies are currently under way on waste types and the s the complex. The waste treated will include plastic, paper, cardboard, tires, construction waste si cement and sand, as well as agricultural waste such as fertilizers. The projects first phase involves awarding a tender to a private sector company to collect and sh so they can be recycled near the main landfil in the kingdoms south. The second phase includes construction waste recycling, followed by another set of tenders for recycling other types of wast methods that are friendly to the environment as well as to human health ‘The project is currently on hold due to environmental concerns. However, the timeframe for reviv unknown, The project is stil believed to be on hold and no timeline about the revival period has been anno\ Industry sources indicate that the $480m project has been put on hold as CNIM is still awaiting a from the Bahrain authorities. The project wont go ahead until CNIM receives environmental cer the authorities. A.company active on the project quoted that construction works have not yet started, The financi aspects of the contract are pending and yet to be finalised. ‘A company active on the project quoted that the construction works on the project have not yet s and hence the completion is also delayed. Financial Issues Financial closure is expected to achieve by end December 2012. Construction work is likely to commence in Q2 2011. (24/02/2011) = [archive] No external PMC company has been appointed on the project. (24/02/2011) - Technical consultant: Mott MacDonald - Legal adviser for Ministry of Finance (Mof): Freshfields Bruckhaus Deringer - Legal adviser for Constructions Industrielles de la Mediterranee (CNIM): Norton Rose © Copyright 2000-2016 MEED ProjectsMEED Projects AC Service November 2010 Constructions industrielles de la Mediterranee (CNIM) has approached banks as well as potenti investors to finance the project. Also it plans to arrange debt finance for the facility in a project fir structure. Financial closure is expected to be reached by the Q2 2011. (24/11/2010) November 2010 The BOT contract wil run for a period of 25 years, November 2010 The EPC work on the project is expected to commence after financial closure. (24/11/2010) = [archive] ‘September 2010 Constructions industrielles de la Mediterranee (CNIM) plans to arrange debt finance for the facil likely to approach banks shortly. (25/10/2010) - [archive] September 2010 Contract value is an estimate. = [archive] © Copyright 2000-2016 MEED Projects