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Abu Dhabi to invite bids on $2bn power plant
- United Arab Emirates: Monday, February 08 - 2010 at 10:38
The Abu Dhabi government has announced plans to invite firms to submit proposals in March to build a 1,600 megawatt power plant worth about $2bn, Reuters has reported. The Shuweihat 3 independent power project will be the emirate's ninth power project under a privatisation plan launched in 1998, under which international developers take a stake in the project. 'We have started the process of prequalification and we are targeting sending the request for proposals early next month,' Abdulla Saif al Nuaimi, director of privatisation at the Abu Dhabi Water & Electricity Authority (Adwea), told the news service. 'We expect to finalise selection of the developer by November this year, (make the) financial close by April 2011 and commissioning in summer 2013.'
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StaffMonday, February 08 - 2010 at 10:38 UAE local time (GMT+4)
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