Synergy Consulting is honored to be acting as the Financial Advisor to the Consortium of Metito Utilities Limited, Al Attiya Motors and Trading Company, and Gulf Investment Corporation for having achieved the major milestone of the commercial close of the AL WAKRA & AL WUKAIR STP Project in the State of #Qatar, with an initial wastewater treatment capacity of 150,000 m3/day and expandable up to 600,000 m3/day.
The Public Private Partnership Agreement (PPPA) between the Consortium and the Public Works Authority “Ashghal”, was executed on 4th September 2022.
The Project is an important milestone in line with the sectoral objectives and Qatar’s long-term national vision of establishing sustainable wastewater infrastructure to support the envisaged population growth and development along with upgrading the existing wastewater infrastructure.
The Project will be developed on a design, build, finance, operate and transfer basis and the Project company will have the obligation to operate and maintain the plant for a period of 25 years.
The Project is planned to be constructed and operated in line with Qatar #MME (Ministry of Municipality and Environment) regulations and the Environmental and Social performance standards as prescribed by IFC/World Bank.
The sustainable practices planned to be adopted for this Project and the impact this Project will have on the environment are:
(a) the treated water shall be re-used for agriculture and irrigation, thereby reducing the reliance on desalinated water and protecting the groundwater reserves;
(b) technology being proposed shall allow for energy recovery thereby increasing energy efficiency and reducing CO2 emissions; and;
(c) the sludge by-product produced by the plant can be utilized as a source of organic fertilizer.
The project is envisaged to be certified as a GREEN Project and is planned to be financed through a “Green Loan.”
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