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EWEC (Emirates Water and Electricity Company), UAE announced the receipt of three proposals for the development of the new 1,500 megawatt (AC) Khazna Solar Photovoltaic (PV) Independent Power Project.
Following are the Bidders submitted the proposals:
ENGIE
Consortium of EDF Renewables and Korea Western Power (KOWEPO)
Consortium of Jinko Power and JERA
Located in Al Khazna area of Abu Dhabi, Khazna Solar PV is EWEC’s fourth world-leading, utility-scale solar power project.
Once commercially operational, it will generate enough electricity to power approximately 160,000 homes across the UAE and will also raise EWEC’s total solar PV power capacity to approximately 5.5 gigawatts (GW) AC. Khazna Solar PV is expected to reduce Abu Dhabi’s carbon emissions by more than 2.4 million metric tonnes per year, providing 5 per cent of EWEC’s forecasted 36 per cent reduction in power emissions intensity by 2030 compared to today.
The Khazna Solar PV project plays a pivotal role in enabling EWEC to achieve its strategic plans of raising Abu Dhabi’s solar power generation capacity to approximately 13 GW by 2030 and supplying 60 per cent of Abu Dhabi’s total power demand from renewable and clean energy sources by 2035, in line with the Department of Energy’s (DoE) Clean Energy Strategic Target 2035 for Electricity Production in Abu Dhabi.
EWEC received 27 Expressions of Interest from potential bidding companies and consortiums, with 19 qualifying for the RFP stage after submitting Statements of Qualification. Moving forward, the proposals will undergo a detailed technical and commercial evaluation process to select the best proposal.
The awarding announcement and the execution of the Power Purchase Agreement are expected to take place by Q2 2025. |
