Abu Dhabi Electricity & Water Company (Adwec) is planning to fast-track its planned 350MW solar independent power project (IPP).
MEED recently reported that developers have been invited to submit prequalification entries by 28 March for the main developer contract. The clients decision to fast-track the scheme will mean developers will only have three months to submit proposals.
MEED now understands that a list of prequalified companies and issuance of request for proposals (RFP) in April, with a bid submission date in July.
Adwec is planning to shortlist bidders in September 2016, and is planning to sign the power purchase agreement (PPA) with the successful companies in December. The PPA will be signed for a duration of 25 years.
The client has set a target for financial close by March 2017, with commissioning of the solar plant planned by March 2019.
Adwec received bids from consultants in January for the technical consultancy deal for the project.
According to sources within the emirates power sector, the project owner is likely to split the work into two or more phases. The plant will be located near the town of Sweihan in the eastern region of Abu Dhabi.