Latest News
  • Abu Dhabi tenders 1.5GW Khazna solar contract

    Administrator

    17 April 2024

     

    State utility Emirates Water & Electricity Company (Ewec) has issued the request for proposals (RFP) for a contract to develop and operate the UAE capital's fourth utility-scale solar photovoltaic (PV) project.

    The planned Khazna solar independent power project (IPP), also known as PV4, will have a capacity of 1,500MW.

    It will be located in Khazna, between Abu Dhabi and Al Ain, and is expected to reach commercial operation by 2027.

    Ewec expects to receive bids for the contract "in the third quarter of 2024".  

    The state utility prequalified nine companies and consortiums as managing members and another 10 that can bid as consortium members.

    Parties or companies that are prequalified as managing members are free to bid either individually or as part of a consortium. These include:

    • Acwa Power (Saudi Arabia)
    • EDF Renewables (France)
    • International Power (Engie, France)
    • Jera Company (Japan)
    • Jinko Power (China)
    • Korea Electric Power Corporation (Kowepo, South Korea)
    • Marubeni Corporation (Japan)
    • Sumitomo Corporation (Japan)
    • TotalEnergies Renewables (France)

    The following companies can bid as part of a consortium with a managing member: 

    • Al Jomaih Energy & Water (Jena, Saudi Arabia)
    • Avaada Energy (India)
    • Buhur for Investment Company (Saudi Arabia)
    • China Machinery Engineering Corporation (China)
    • China Power Engineering Consulting Group International Engineering Corporation (CPECC, China)
    • Kalyon Enerji Yatrimlari (Turkey)
    • Korea Western Power Company (Kowepo, South Korea)
    • Orascom Construction (Egypt)
    • PowerChina International Group
    • SPIC Huanghe Hydropower Development (Spic, China)

    Ewec's PV1, or Noor Abu Dhabi, has a capacity of 935MW and has been operational since 2019.

    PV2, the 1,584MW Al Dhafra solar IPP, was inaugurated in November 2023. 

    Ewec is understood to have recently awarded the contract to develop PV3, the 1,500MW Al Ajban solar IPP, to a team led by French utility developer EDF Renewables and including South Korea's Korea Western Power Company (Kowepo).

    Ewec said solar energy is integral to achieving its target of producing nearly 50% of its electricity from renewable and clean energy sources by 2030.

    This is due to its "low generation cost and its contribution to reducing carbon dioxide (CO2) emissions from the electricity generation process".

    Like the first three schemes, Khazna solar PV will involve the development, financing, construction, operation, maintenance and ownership of the plant and associated infrastructure.

    The successful developer or developer consortium will own up to 40% of the entity, while the Abu Dhabi government will retain the remaining equity.

    The developer will enter into a long-term power purchase agreement with Ewec.

    Once fully operational, Khazna solar PV, along with Noor Abu Dhabi, Al Dhafra solar PV and Al Ajban solar PV, will raise Ewec's total installed solar PV capacity to 5.5GW and collectively reduce CO2 emissions by more than 8.2 million metric tonnes a year by 2027. 

    UAE-wide target and capacity

    The UAE published its updated national energy strategy in July last year. It includes a plan to triple the nationwide renewable energy capacity to 19GW by 2030.

    The total installed renewable energy capacity of both Ewec and Dubai Electricity & Water Authority (Dewa) stood at about 5.5GW at the start of 2024.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11687552/main.jpg
    Jennifer Aguinaldo
  • Dewa seeks firms for landfill gas energy project

    Administrator

    17 April 2024

    Dubai Electricity & Water Authority (Dewa) has started the process of selecting a developer or developer consortium to build and operate a landfill gas-to-energy project in Al Qusais, in the eastern part of Dubai near the border with Sharjah.

    It has requested expressions of interest from companies, which it expects to receive by 24 April.

    The planned project will be developed on an independent power producer (IPP) basis and will have an estimated electricity generation capacity of 6MW-12MW. 

    Dewa added that the project's precise capacity will depend on generation efficiency.

    Landfill gas extracted from the Al Qusais landfill site will power the generation plant. The gas extraction network is outside the scope of the package and will fall under the responsibility of another government agency, Dubai Municipality.

    Dewa said a guarantee will be provided on minimum gas quantities and quality.

    Dewa will purchase the power generated by the plant from the successful developer or developer consortium under a long-term power purchase agreement.

    Dewa added: "The developer is expected to share ownership of a project company, to be incorporated in accordance with Dubai and UAE laws, with Dubai Green Fund, the first specialised green investment fund in [the Middle East and North Africa], launched under the funding pillar of the Dubai Clean Energy Strategy 2050."

    In February, Dewa and Abu Dhabi Future Energy Company (Masdar) reached financial close on the 1,800MW sixth phase of the Mohamed Bin Rashid Al Maktoum Solar Park in Dubai.

    The solar photovoltaic IPP project is expected to cost up to AED5.51bn ($1.5bn).

    The state utility does not intend to procure additional natural gas-fired capacity in the future.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11689874/main.jpg
    Jennifer Aguinaldo
  • An audience with Diriyah: The $63bn gigaproject opportunity

    Administrator

    16 April 2024

    Register now

    Hear first-hand from Diriyah Company about one of the world's most iconic projects and how your company can participate in its existing and future procurement opportunities.

    This exclusive event will provide a detailed outlook into Diriyah’s development plans and the transformation of ‘The City of Earth’ under the Saudi 2030 Vision.

    Gain key insights into available future procurement opportunities, how to work with Diriyah Company on its extensive project pipeline, and how to register and prequalify to participate in it.

    Agenda:

    1. The Saudi Arabia projects market in context – size, key projects, trends and future outlook

    2. A detailed overview of the Diriyah gigaproject, its masterplan, progress and the more than $10.5bn-worth of construction work awarded to date

    3. Key details of the $50bn+ projects pipeline including specific procurement opportunities, future materials and equipment demand, and how companies can register and help deliver the iconic giga development

    4. An in-depth discussion with Diriyah Company on its requirements, vendor registration and procurement processes, and contracting frameworks

    5. A live Q&A session where you will have the opportunity to ask questions directly to Diriyah Company

    Time: Monday 22 April at 02:00 PM GST

    Hosted by: Edward James, head of content and analysis at MEED

    A well-known and respected thought leader in Mena affairs, Edward James has been with MEED for more than 19 years, working as a researcher, consultant and content director. Today he heads up all content and research produced by the MEED group. His specific areas of expertise are construction, hydrocarbons, power and water, and the petrochemical market. He is considered one of the world’s foremost experts on the Mena projects market.
     

    Speakers:

    Andrew Tonner, chief delivery officer, Diriyah Company

    Andrew Tonner is the chief delivery officer at Diriyah Company, with 35+ years of property development and construction experience.   One of the first arrivals to the Diriyah Project in 2019, Andrew is now into his second spell with the company. He is currently responsible for construction delivery across 4 masterplans with a combined value of c $62 bn covering 75 km2. See more

    Mohamed Thabet, commercial executive director, design and development, Diriyah Company

    Mohamed Thabet serves as the executive director of DevCo's commercial team. With a background in architecture and advanced studies in construction law, Mohamed brings a wealth of experience in managing complex construction contracts. His career spans roles in engineering, management firms and development, providing him with a comprehensive understanding of the construction industry supply chain. See more

    Click here to register

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    MEED Editorial
  • PIF and Acwa Power take on next solar round

    Administrator

    16 April 2024

     

    Saudi utility developer Acwa Power and sovereign wealth vehicle the Public Investment Fund (PIF) are discussing the fourth round of the renewable energy programme that is being implemented by the PIF.

    "We are now looking at the next round," Marco Arcelli, Acwa Power's chief executive, told MEED on the sidelines of the ongoing World Future Energy Summit (WFES) in Abu Dhabi.

    He declined to comment on the outage of one of the company's concentrated solar power plants in Morocco, which is expected to result in $47m of lost revenue for the firm.

    MEED previously reported that Acwa Power is working to reach financial close on three solar photovoltaic (PV) schemes with a total combined capacity of 4,550MW, as part of Saudi Arabia's National Renewable Energy Programme (NREP).

    In February, Acwa Power said the schemes "have satisfied the conditions precedent for senior loans drawdown".

    The next round under discussion by Acwa Power and the PIF is understood to have a similar capacity to the third round.

    The Riyadh-headquartered utility developer and its partner, Water & Electricity Holding Company (Badeel), signed the power-purchase agreements with Saudi Power Procurement Company to develop and operate the three projects in May 2023.

    The three projects, located in the central and northern regions of Saudi Arabia, are:

    • Al Rass 2: 2,000MW
    • Saad 2: 1,125MW
    • Al Kahfah: 1,425MW

    The projects are estimated to cost a combined SR12.8bn ($3.4bn).

    According to Acwa Power's recent bourse filing, the banks that agreed to provide senior debt financing of SR8.6bn ($2.3bn) for the projects include:

    • Banque Saudi Fransi (local)
    • HSBC (UK)
    • Mizuho Bank (Japan)
    • Riyad Bank (local)
    • Saudi Awwal Bank (local)
    • Saudi National Bank (local)
    • Standard Chartered Bank (UK)

    The financing duration is 27.75 years. The project debt financing amount is non-recourse to Acwa Power, which owns a 50.1% equity in the three projects.

    Its partner, the PIF subsidiary Badeel, owns the remaining 49.9% equity in the projects.

    MEED reported in June 2023 that the developer team expected to have the financing in place for the projects last year.

    The three projects take the number of solar PV contracts awarded by the PIF under the kingdom’s NREP to five.

    It awarded contracts for the development of the 1,500MW Sudair solar PV in 2021 and the 2,060MW Shuaibah 2 solar PV in 2022.

    The PIF is mandated to procure 70% of the NREP’s target capacity through the kingdom's Price Discovery Scheme.

    The PIF also owns 44% of Acwa Power.

    Based on MEED data, the three projects take the total number of solar PV contracts developed by an Acwa Power-led team in Saudi Arabia to 10. These projects have a total combined capacity of 10GW.


    MEED's April 2024 special report on Saudi Arabia includes:

    > GVT & ECONOMY: Saudi Arabia seeks diversification amid regional tensions
    > BANKING: Saudi lenders gear up for corporate growth
    > UPSTREAM: Aramco spending drawdown to jolt oil projects
    > DOWNSTREAM: Master Gas System spending stimulates Saudi downstream sector

    > POWER: Riyadh to sustain power spending
    > WATER: Growth inevitable for the Saudi water sector
    > CONSTRUCTION: Saudi gigaprojects propel construction sector
    > TRANSPORT: Saudi Arabia’s transport sector offers prospects

     

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11686486/main.jpg
    Jennifer Aguinaldo
  • Etihad to decide Ghalilah 1 IWP capacity

    Administrator

    16 April 2024

    The planned Ghalilah 1 independent water project (IWP) in Ras Al Khaimah could have a capacity that ranges between 30 and 90 million imperial gallons a day (MIGD), according to Yusuf Al Ali, chief executive at Etihad Water & Electricity (Etihad WE), tells MEED.

    "The final capacity will be decided based on the studies being conducted and the demand growth trend," Al Ali told MEED. 

    Etihad WE recently invited qualified firms to submit proposals for a contract to undertake a technical consultancy service for Ghalilah 1 IWP.

    It expects to receive bids for the contract on 25 April.

    According to Etihad WE, the tenderer "must be a UAE national, individual or a company owned by nationals or a company in which 51% of the share capital is owned by nationals; a free zone company or branches of GCC and foreign companies having a local offices in the UAE".

    There is an existing seawater reverse osmosis (SWRO) plant in Ghalilah, which became operational in 2015. 

    US-based Aquatech constructed the SWRO plant in Ghalilah, which has a water production capacity of 15 million Imperial gallons a day (MIGD).

    Formerly Federal Electricity and Water Authority (Fewa), Etihad WE maintains at least three water desalination plants that are all on reverse osmosis technology.

    The other plants are located in Naqaa, the UAE northern region's first IWP with a capacity of 150MIGD, and Zawrah.

    Etihad WE is understood to have invested over AED2bn in recent years to enhance its transmission and storage capabilities, notably through projects like the Khuraijah water distribution centre (WDC), which has a capacity of 180 million gallons.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11686319/main.gif
    Jennifer Aguinaldo
  • EGA and Masdar to sign deal

    Administrator

    16 April 2024

    The UAE’s Emirates Global Aluminium (EGA) and Abu Dhabi Future Energy Company (Masdar) are expected to sign a memorandum of understanding (MOU) 16 April to collaborate on decarbonising EGA's overseas operations.

    Abdulnasser Bin Kalban, EGA chief executive, made the statement during ongoing World Future Energy Summit (WFES) in Abu Dhabi on 16 April.

    The executive said the challenges and initiatives involved in decarbonising its operations, including tapping partners like Masdar and new potential technologies such as hydrogen going forward.

    "We are looking for suitable partners to meet our decarbonisation target. In terms of technologies, we are looking at opitmising our gas generation plants, and pursuing renewable energy. In 10 years time we believe hydrogen will be available and at the right cost," Bin Kalban said. 

    Aluminium and steel production are carbon-intensive and considered hard-to-abate sectors.

    In 2021, EGA launched Celestial, a product range that is manufactured using solar-based electricity.

    German carmaker BMW became the first customer to sign up for Celestial aluminium. EGA will supply 43,000 tonnes of Celestial aluminium to BMW Group annually, which reduces BMW Group’s emissions by approximately 222,000 tonnes of carbon dioxide a year.

    In March this year, EGA announced that it had signed a binding sale and purchase agreement to acquire the German aluminium recycling firm Leichtmetall Aluminium Giesserei Hannover.

    Leichtmetall is a European specialty foundry, with production including hard alloys and larger diameter billets with high proportions of secondary aluminium.

    Leichtmetall uses renewable energy at its plant in Hannover to produce up to 30,000 tonnes a year of aluminium billets, with secondary aluminium as some 80% of input material.

    The company uses proprietary inductive melting technology, liquid metal treatment and casting processes to produce aluminium products from scrap metal.

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  • Summit opens with promise to keep Cop28 commitment

    Administrator

    16 April 2024

    Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan, president and chief executive of the UAE Independent Climate Change Accelerators, has stressed the need for blended finance to meet the investment requirements for meeting the 1.5-degree-Celcius climate target alive.

    Al Nahyan made the statement on the opening day of the World Future Energy Summit in Abu Dhabi.

    "Blended finance can be unlocked if various stakeholders, including governments and private sector investors, agree to collaborate… and try novel financing ideas," Al Nahyan said.

    Various research agencies have highlighted the need for trillions of dollars of investments particulary in clean energy systems to keep the 1.5-degree-Celcius target alive.

    It is the first WFES summit since close to 150 countries agreed to transition away from fossil fuels at Cop28 in December.

    Al Nahyan cited the other landmark agreeements signed during the Cop28 summit including tripling the renewable energy capacity and doubling energy efficiency globally by 2030.

    Heavy rain amid adverse weather conditions in the UAE served as a backdrop to the opening day of the WFES summit this year.

    Related read: Cop28 keeps 1.5°C goal within reach

     

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11685840/main.jpg
    Jennifer Aguinaldo
  • Iraq evaluates waste-to-energy bids

    Administrator

    15 April 2024

    Iraq's National Investment Commission (NIC), in coordination with the Municipality of Baghdad, the Ministry of Electricity and the Ministry of Environment, is evaluating the proposals for a contract to develop a waste-to-energy plant in the Al Nahrawan area in Baghdad Governorate.

    MEED understands NIC received 13 bids for the contract on 31 March.

    An NIC spokesperson previously told MEED that 17 companies purchased the tender documents in January. 

    NIC has not issued the list of prequalified companies that can bid for the contract.

    The plant will have the capacity to treat 3,000 tonnes of waste a day and generate nearly 80 megawatt-hours (MWh) of electricity.

    It will be developed using a design-build-own-operate model.

    In early March, it was erroneously reported by local media that NIC had received 17 bids for the contract to develop the project.

    According to NIC, power generation "from mixed solid waste must be with high-efficiency and at least fourth-generation grate incineration technology with an electrical power generation efficiency higher than 30% and a landfill rate less than 5%".

    NIC invited investors and developers to qualify for the WTE scheme in August last year.

    In October, it was reported that some 42 companies had expressed interest or were prequalified to bid for the planned WTE contracts in Iraq.

    Waste-to-energy projects worth roughly $2bn are being planned in the Middle East, according to MEED Projects data.

    Construction works are under way for the $1.2bn WTE project located in a former landfill site in Warsan in Dubai.

    The concession agreement for Abu Dhabi's first WTE project in Al Dhafra was signed on 27 March.

    The capacity of the planned facility in Baghdad is comparable with that of the Dhafra WTE project, which can treat 900,000 tonnes of solid waste a year.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/11683289/main.jpg
    Jennifer Aguinaldo
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