تم إبرام اتفاقية شراء الماء والكهرباء بين كل من شركة أبوظبي للماء والكهرباء " المشتري" وشركة آسيا الخليج للطاقة القابضة وتحولت إلى شركة الطويلة آسيا الخليج للطاقة ( تابكو) " شركة المشروع " لإدارة بيع إنتاج وسعات الماء والكهرباء وفقاً لبنود اتفاقية شراء الماء والكهرباء.

This governs the fixed price turnkey agreement for the engineering, procurement and construction of the Taweelah B Plant Extension, and its integration with the New Existing Assets. The EPC is with Siemens for Power Units, Fisia for Desalination Units, and Babcock for rehabilitation and upgrade of the existing plant, with Siemens being the lead Contractor.

The O&M Contract appoints Asia Gulf Power Services Company (AGPS) to be responsible for the operation and maintenance of the Taweelah B Plant during the life of the PWPA i.e. 20 years after PCOD. All the foreign sponsors of TAPCO are also the partners in the AGPSCo with the same ratio as of Asia Gulf Power Holding Company (AGPH) as highlighted in diagram above.
AGPSCo has further contracted with the FB Generation Services (a joint venture Company by Fortum and BBS) for a period of eight (5) years to provide O&M Services.

The ATA governs the conditional sale, delivery and transfer of the Existing Assets and ancillary items from the Al Taweelah Power Company (ATPC) to TAPCO. In addition to Asset Transfer, all the Staff from ATPC to be also transferred to AGPS as shown in the above diagram.

The Land Lease Agreement grants a lease over the site on which the Project is to be located and it details the procedures for the decommissioning, transfer and redelivery of the Old Existing Assets back to ADWEA.

TAPCO has entered into an agreement with Siemens for the maintenance of the new GT’s to be installed as the New B Extension (STG-4000F)

TAPCO has been formed under the SHA by Taweelah United Power Company a wholly owned subsidiary of ADWEA with 60% shareholding in TAPCO, and Asia Gulf Power Holding Company (AGPH), a joint Investment Company established by Marubeni (35%), BTU (25%), Powertek (25%), and JGC (15%). The SHA details the contribution obligations of the parties and restrictions on the transfer of shareholdings