- EWEC has launched an EOI for a solar power plant with 2 GW capacity to be developed in Abu Dhabi, reported local media
- EWEC will partner the winning consortium in setting up a SPV
- Financing, construction, operation and maintenance will be the major work for the winning developer
- Last date for interested companies to submit the EOI for this tender is March 5, 2019
The Emirates Water and Electricity Company (EWEC) in Abu Dhabi has invited expressions of interest (EOI) to develop a 2 GW large PV power project in the emirate’s Al Dhafra region. A public notice has been issued, according to local media.
Middle East Business Intelligence (MEED) reported that the scope of work of the tender involves financing, construction, operation and maintenance of the plant under a long term power purchase agreement (PPA). EWEC will partner the winner in launching a special purpose vehicle (SPV) for the project. EWEC will be the majority stakeholder in the SPV, while the winning consortium can claim up to 40%.
Last date to submit the EOI is March 5, 2019.
This will be the second big solar power project in Abu Dhabi. The first PV project is the 1,177 MW Sweihan project being developed by Marubeni Corp led consortium. It was originally tendered for a smaller capacity of 350 MW, but was eventually scaled up to 1.17 GW with a winning tariff of $2.42 cents per kWh. Indian EPC company Sterling and Wilson has been contracted to build the project (see Indian EPC Bags Sweihan Contract).