Emirates Water and Electricity Company (EWEC) newly launches a tender for 2GW solar power plant
Emirates Water and Electricity Corporation (EWEC) in the United Arab Emirates launched a tender in July for the 2GW solar project in Al Dhafra that attracted 48 expressions of interest (EOI) earlier this year.
According to the media “Renewables Now”, EWEC has taken over photovoltaic business from the Abu Dhabi Water and Electricity Authority (ADWEA). The company is targeting for its commercial operations for the first quarter of 2022, and the deadline for bids is in the fourth quarter of 2019.
The successful bidders will be in charge of financing, building, operating and maintaining the solar power plant while selling full power generated to the EWEC for 25 years based on a Power Purchase Agreement (PPA). Under the laws of the UAE, the developer or development consortium will own up to 40% of a special purpose vehicle (SPV) established for this project, and the remaining equity will be owned by local entities.
In Abu Dhabi, “Noor Abu Dhabi solar park”, known as the Sweihan Solar PV Project, has started operations in April. This is the world’s largest single solar power plant with a capacity of 1,177MW, constructed at Sweihan in Abu Dhabi, and one of Japanese companies is participating. Once the Al Dhafra project is completed, Abu Dhabi will reach a total 3.2GW of solar capacity.
EWEC is a unit of Abu Dhabi Power Corporation PJSC and the sole procurer of water and power in the emirate.