“Water Treatment Deal of the Year- MENA for their involvement in the Al Wakra & Al Wukair STP deal”

by | May 28, 2024 | News

Synergy Consulting, Inc. is honored and delighted to receive the “Water Treatment Deal of the Year – MENA for their involvement in the Al Wakra & Al Wukair STP deal.”

The award ceremony took place in Dubai on April 24, 2024.

Synergy Consulting, Inc. acted as the Lead and Financial Advisor to the Consortium for the 150,000 m3/day ISTP (and expandable up to 150,000 m3/day) tendered by the Public Works Authority “Ashghal” in the Al Wakrah region in Qatar.

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 is the first STP in Qatar to be procured on a PPP basis.

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 Environmental and Social performance standards as prescribed by the IFC/World Bank.

The sustainable practices to be adopted for this Project and the impact this Project shall have on the environment are:

a) the treated water will be reused for agriculture and irrigation, thereby reducing the reliance on desalinated water and protecting the groundwater reserves,

b) technology proposed will allow 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 certified as a GREEN Project and has been financed through “Green Loan.”

Synergy is committed to supporting clients in conceptualizing and further developing such strategically important Projects across and outside the MENA region.

Synergy actively supports the ambition of countries, working with all its clients on the shared goal of Environmental and Social Governance (ESG).

Synergy is deeply thankful to IJ Global and expresses gratitude for this recognition and award.

The annual IJ Global Awards celebrate the best-in-class Greenfield Financing and Refinancing transactions, lauding the organizations involved in the international delivery of infrastructure and energy assets.

Synergy thanks all stakeholders, including our clients and financial and government institutions, for their continued support and trust for making Synergy the Partner of Choice.

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