The Emirates Water and Electrical energy Firm (EWEC) has revealed that it has obtained 4 proposals for the 1.5 GW Al-Ajban photo voltaic mission which it awarded in Could 2022.
The proposals come from Saudi vitality big ACWA Energy, French utility EDF, Japanese conglomerate Marubeni Company, and a consortium shaped by China-based Jinko Energy and Japanese vitality firm JERA.
“EWEC obtained 43 Expressions of Curiosity from potential bidding firms and consortia, with 19 qualifying for the RFP stage after submitting Statements of Qualification,” the UAE-based utility mentioned. mentioned in a press release. “Subsequent, the proposals will undergo an in depth technical and industrial analysis course of to pick out the most effective proposal. The announcement of the awarding and the execution of the Energy Buy Settlement is anticipated to happen in This autumn 2023.
In January, the utility mentioned it will signal a long-term energy buy settlement with the chosen developer. The PPA will probably be structured as an vitality buy settlement, the place EWEC will solely pay for the web electrical vitality supplied by the photo voltaic plant. It didn’t disclose a deadline for its channel proposals.
Bidders are anticipated to handle the event, financing, development, operation, upkeep and possession of the plant. The successful developer will take a 40% stake within the mission, with the rest held not directly by the Abu Dhabi authorities.
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