Water. desalination + reuse

www.desalination.biz Water. desalination + reuse Who's Who 2018 6 EPCs landscape Company profile: Abengoa Abengoa is to build a 275,000 m 3 /d desalination facility in Agadir, Morocco two loading tanks, and three high voltage power lines. In April 2017, Abengoa won a €240 million contract from ACWA Power, to add 250,000 m 3 /d of reverse osmosis desalination capacity at Shoaiba III power and desalination complex, south of Jeddah, Saudi Arabia. This, with Fisia Italimpianti on the EPC work, is due to begin construction in July 2017. Other desalination contract wins include Salalah, a 114,000 m 3 /d reverse osmosis desalination plant project in southwest Oman. In Tunisia, a project consisiting of 50,000 m 3 /d desalination plant, which has potential to double in size. Abengoa's year was dominated by its programme of debt restructuring, agreed in March 2017, which resulted in formation of Abengoa Agua, a business combining engineering and construction, and operations and maintenance. The restructuring requires a series of divestments to help pay down debt, which have included the sale of equity in projects such as the 56 per cent stake of a 60,000 m 3 /d desalination plant at Teshie-Nungua, Ghana, sold to AquaVenture for $26 million in February 2018, and the sale of a holding in asset management company Atlantica Yield. Shares in the business, which owns contracts on desalination plants in Skikda and Honaine in Algeria, among other concessions, were sold to Algonquin Power & Utilities, of Canada, in two tranches in November 2017 and April 2018. Also listed for sale, business units including transmission lines and bioenergy, and desalination plants at Tenés, Algeria (200,000 m 3 /d), and Chennai (100,000 m 3 /d). Overall for the group, revenues fell by 2 per cent to €1,480 million ($1,788 million) during 2017, and earnings before interest, tax, depreciation and amortisation (EBITDA) hit €127 million, while earnings before interest and tax (EBIT) recorded a loss of €278 million. The engineering and construction business contributed 89 per cent of revenue, and concessions represented 11 per cent. Geographically, South America, Middle East and Africa were the largest markets, generating 25 per cent, 24 per cent, and 17 per cent of revenue respectively. For engineering and construction in the current year, Abengoa anticipates a pipeline of identified projects worth €36 billion, of which water represents €13.7 billion, or 38 per cent. The outlook falls in line with the company's new strategic guidelines for a majority of third-party engineering, procurement and construction (EPC) contracts, and an increase in weighting of smaller projects. • Group revenues fell by 2 per cent to €1,480 million in 2017 • New project wins worth approximately €1.4 billion • A divestment plan to pay down debt The group won new projects worth approximately €1.4 billion in 2017, including four big desalination schemes. The Agadir, Morocco, desalination project, announced in July 2017, is to expand an already planned development from 100,000 to 150,000 m 3 /d, and to add 125,000 m 3 /d of desalination capacity for irrigation. Abengoa is providing engineering, construction, and operations and maintenance for 27 years. The project is worth €309 million, of which approximately €250 million is for the desalination plants, and €59 million covers 44 kilometres of pipeline, a 35,000 m 3 /d capacity water tank, two pumping stations, Abengoa revenue by segment 2017 Engineering and construction 89 per cent Concessions 11 per cent 'Anticipated current year pipeline of water projects worth €13.7 billion'

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