SeeNews Renewables — The Abu Dhabi Water and Electricity Authority (ADWEA) expects to select in the second half of 2016 the developer(s) for a planned 350-MW solar project in Abu Dhabi.
The competitive process is to start in the first half of the year.
In a statement today, ADWEA said that it expects to appoint consultants for the project by the end of this month and hold the first coordination meeting in February. Already, about 90 international and local firms have expressed their interest in participating in the scheme, ADWEA noted.
The photovoltaic (PV) park, touted as one of the biggest in the Middle East, will be built in the Sweihan area under the independent power producer (IPP) model. ADWEA and the Abu Dhabi Water and Electricity Company (ADWEC) plan to reach financial close in the first half of 2017. Under the preliminary timeline, the 350-MW solar power plant is to be up and running in 2019.
In December, Reuters said, citing informed sources, that the project developer would get a 40% stake.