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ACWA-led group wins 100-MW solar tender in Bahrain

Solar power system. Author: Mountain/ \Ash. License: Creative Commons, Attribution 2.0 Generic.

February 25 (Renewables Now) - Bahrain's Electricity and Water Authority (EWA) has awarded a contract to a group led by Saudi firm ACWA Power for the construction and operation of a 100-MW solar power plant.

The winning consortium includes ACWA Power, Japan’s Mitsui & Co Ltd (TYO:8031) and Bahrain industrial conglomerate AlMoayyed, local media report, quoting a statement from EWA. The price for power generation at which the group has won the contract is BHD 14.668 (USD 39.01/EUR 34.35) per MWh.

The signing of all related deals, including the power purchase agreement (PPA), will take place next month.

Other bidding parties included GS Engineering & Construction, Phelan Energy Group and Alfanar Contracting, according to local media.

(BHD 1.0 = USD 2.660/EUR 2.342)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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