Emirates Water and Electricity Company, a subsidiary of Abu Dhabi Power Corporation (ADPower), has announced that it has received six proposals for its ‘Fujairah F3’ Independent Power Producer (IPP) project.
The Fujairah F3 project includes development, financing, construction, operations, maintenance and equity in a combined cycle gas turbine (CCGT) plant, which will have a power capacity of up to 2.4 GW.
A leading company in the integrated coordination of planning, purchasing, and supply of water and electricity across the UAE, Ewec said the project will be constructed in Fujairah on a site between the existing F1 and F2 power and water plants.
The plant is the 13th project to be developed under the IPP structure and is part of efforts to improve efficiency and drive sustainability while catering for the growth in demand across the UAE.
This will complement the current power generation capacity of 17.7 GW which includes 1 GW of solar, said the statement from Ewec.
Ewec received more than 30 expressions of interest from potential bidders for the F3 project earlier this year, a testament of the trust that international investors have in Abu Dhabi. Out of these EoIs, 20 qualified to bid for the project after submitting Statements of Qualification, it added.
The bid opening was attended by a number of ADPower senior executives, EWEC’s leadership team, and senior representatives from across the power and water sector.
Ewec CEO Othman Al Ali said: “I am delighted to see so many competitive bids which will significantly contribute to a more efficient power generation mix.”
“This tender fits into an ambitious ongoing program that includes an ongoing invitation to bid for a 2GW solar power plant in Al Dhafra and the project execution of a 200 MIGD reverse osmosis plant in Taweelah – both located in Abu Dhabi and considered the largest in the world,” he noted.
“These projects, all initiated this year, support our vision to invest in more efficient sources of energy that help improve the sustainability of the water and electricity sector,” he added.
Ewec’s team will now start the detailed technical and commercial evaluation process to select the best proposal. The awarding announcement and the execution of the Power Purchase Agreement (PPA) are expected to take place by Q1 of 2020.
TradeArabia News Service