Project will be developed under the independent power producer (IPP) model
Developers have been invited to submit expressions of interest (EOIs) for the planned 350MW solar photovoltaic (PV) solar plant planned in Abu Dhabi.
Companies have until 13 January to submit EOIs.
The project is being overseen by the Abu Dhabi Water & Electricity Company (Adwec), a subsidiary of the Abu Dhabi Electricity & Water Authority (Adwea).
MEED recently reported that consultants had been invited to collect request for proposals (RFPs) for the technical consultancy role on the planned IPP. The plant will be located near the town of Sweihan in the eastern region of Abu Dhabi emirate.
The successful developer will own up to 40 per cent of a special purpose vehicle (SPV), which will be formed to develop and operate and maintain the plant. Adwea will hold the remaining equity in the scheme.
The project will reassert Abu Dhabis position as a major regional player in the renewable energy market, with the emirate having started to trail others since it commissioned Shams 1 in March 2013, the regions first utility-scale solar energy plant.
Following the tendering of the Shams 1 CSP project, Masdar initiated proceedings to develop the 100MW PV solar Noor 1 scheme. The project was originally tendered in 2011, with a projected completion date in late 2013. However, problems arose related to Masdars insistence on using 50 per cent solar panels of its own manufacture.
The prequalification process was reopened in 2014, and more than 40 companies submitted expressions of interest (EoI) by the end of the year. However, with no further progress having been made, it appears Adwec has now been selected to lead the emirates next major renewable energy scheme.
Abu Dhabis neighbouring emirate Dubai is also moving ahead with large-scale solar projects. Following the award of the contract to a consortium led by Saudi Arabias Acwa Power to develop the 200MW PV second phase of its Sheikh Mohammed bin Rashid al-Maktoum solar park in early 2015, the state utility Dubai Electricity & Water Authority (Dewa) is preparing to issue RFPs for the planned 800MW third phase.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.