Abu Dhabi’s auction for a 350-MW solar power project in the emirate is expected to attract bids as competitive as these in Dubai, an official France’s Engie (EPA:ENGI) has said, as cited by The National.
Dubai’s tender for the right to build a portion of the 800-MW phase III of the Mohammed bin Rashid Al Maktoum solar complex has attracted a bid of just USD 29.9 (EUR 26) per MWh, it was announced Sunday. Francois-Xavier Boul, senior vice president of Engie, said at an event in Dubai Monday that there was significant interest in the Abu Dhabi project, with plenty of funds available too, so the bidding would be as aggressive as in Dubai.
Engie is participating in both tenders.
The competition in Dubai is for a 200-MW piece of the phase III project, while Abu Dhabi’s tender is for 350 MW, thus offering even greater economies of scale, Boul was cited as saying.
The winner in Abu Dhabi will take a 40% stake in the project company that will develop, finance, build and maintain the solar power plant in Sweihan. The Abu Dhabi Water and Electricity Authority (ADWEA) has prequalified 34 companies to participate in the competition.
The USD-29.9/MWh bid in Dubai marks the lowest level reached by solar tenders so far.
(USD 1 = EUR 0.870)
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