Bahrain utility firm wins $70m Turkey deal
Manama, April 11, 2013
Bahrain-headquartered OAK Utility Solutions and Development (OAK) has secured a public-private partnership assignment worth $70 million with the Turkish government, the company said yesterday.
"The project involves a fully financed concession agreement with private equity funding originating from Bahrain-based investors," OAK chief executive Gareth Brown told the Gulf Daily News, our sister publication.
"The assignment is to provide an energy-from-waste solution using advanced pyrolysis technology that will convert 130,000 tonnes of untreated municipal solid waste into 12MW/h of electricity.
"Modular design technology allows for an 18-month delivery timeframe from mobilisation to final commissioning," Brown said.
"OAK will lead the consortium, project managing the delivery and execution as well as providing operations and maintenance services throughout the concession.
"Our integrated business model is built around four core business lines - water/waste water services, energy from waste, renewable energy and infrastructure services.
"We leverage resources and expertise across each of these business lines to provide clients with a comprehensive range of innovative and emerging services solutions tailored to meet specific requirements delivered by expert in-house project management capabilities," Brown said.
"Backed by the government of Turkey, this assignment connects Bahrain-based expert service solutions with kingdom-based financial sector investment," he added.
With branch offices in the UAE and the UK, OAK is a commercial developer of utilities and a specialist solutions provider to the oil and gas and petrochemicals industries. – TradeArabia News Service