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A consortium led by Spanish water treatment firm Cadagua and comprising Galfar and India's VA Tech Wabag has been awarded the engineering, procurement and construction (EPC) contract for the Ghubra water desalination project in Oman
The build, own and operate project, which will be modelled as an independent water project (IWP), will be developed by a consortium made up of Malaysia's Malakoff International Ltd, Sumitomo of Japan and Cadagua at a cost of around US$350mn.
In a press release, Wabag said that Oman Power and Water Procurement Company (OPWP), which awarded the 42 million gallons per day project to the Malakoff-led consortium, will enter into a water purchase agreement with the project company to be formed shortly by the developer consortium.
The statement added that Cadagua, Wabag and Galfar will form an integrated JV in the form of a Special Purpose Company (SPV) in Oman and enter into an EPC contract with the project company for execution. The project has been scheduled for completion in two years’ time.
Commenting on the development, Rahul Jaiswal, president of the desalination business group at VA Tech Wabag, said, "This success confirms Wabag's strategy of focussing on desalination as an area of high potential deserving special focus."