Chinese firm signs EPC deal for 1.5GW project
18 November 2025
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Shandong Electric Power Construction Corporation No. 3 (Sepco3), a subsidiary of China Electric Power Construction Corporation, has signed an engineering, procurement and construction (EPC) contract for the 1.5GW Khazna solar photovoltaic (PV) independent power project in Abu Dhabi.
The EPC agreement was signed in Beijing with France's Engie and Chinese firm Longi Green Energy Technology.
In October, a consortium of Engie and Abu Dhabi Future Energy Company (Masdar) won the main contract to develop the Khazna solar project.
Longi will operate as the PV technology supplier for the project.
The EPC package covers a centralised PV layout with automated cleaning systems, centralised inverters, box-type substations and horizontal single-axis tracking.
The plant will be built near Al-Khazna in Abu Dhabi and will feature nearly 3 million solar panels. Upon completion, the facility will generate enough power to supply about 160,000 homes across the UAE.
The utility-scale project is a core element of Emirates Water & Electricity Company's (Ewec) strategy to increase solar power capacity in Abu Dhabi to 18GW by 2035.
The developer consortium will own 40% of the project, while the remaining equity will be owned by the Abu Dhabi government.
In 2024, MEED revealed that Engie had submitted the lowest bid for a contract to develop the facility, offering a levelised cost of electricity of 5.35502 AED fils (1.459 $cents) a kilowatt-hour.
It is the French firm’s first major power generation contract in the region in two years. The company recently retained second place in MEED’s 2025 GCC Power Developer Ranking despite its total net equity in power projects falling from 8GW to 6.5GW.
In February, the company sold its stakes in key assets to Saudi Arabia’s Acwa Power, including Kuwait’s Al-Zour North independent water and power project, as part of its shift to renewables projects.
Financial close of the Khazna project is expected by the end of the year.
The development supports Abu Dhabi’s plans to meet 60% of total power demand from renewable and clean sources by 2035, in line with the Department of Energy’s Clean Energy Strategic Target.
Ewec said it expects the carbon intensity of electricity generation to fall from 330 kilograms per megawatt hour (kg/MWh) of carbon dioxide in 2019 to 150 kg/MWh by 2030.
READ THE NOVEMBER 2025 MEED BUSINESS REVIEW – click here to view PDF
Mena players up the ante in global LNG production race; Investment takes UAE non-oil economy from strength to strength; Project finance activity draws international lenders back to market
Distributed to senior decision-makers in the region and around the world, the November 2025 edition of MEED Business Review includes:
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> AGENDA 1: Gulf LNG sector enters a new prolific phase
> INDUSTRY REPORT 1: Region sees evolving project finance demand
> INDUSTRY REPORT 2: Iraq leads non-GCC project finance activity
> GREEN STEEL: Abu Dhabi takes the lead in green steel transition
> DIGITISATION: Riyadh-based organisation drives digital growth
> UAE MARKET FOCUS: Investment shapes UAE growth story
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Dubai seeks consultants for drainage projects6 February 2026
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Modon tenders Ras El-Hekma construction contracts6 February 2026
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Egypt contractor secures €58m loan for Hungary power plant6 February 2026
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AD Ports signs Jordan Aqaba port PPP deal6 February 2026
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Chinese firm wins Ceer automotive supplier park deal6 February 2026
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The first scheme under the package is TF-16-C1, which involves upgrading and rehabilitating the stormwater system east of the Dubai Canal.
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Modon tenders Ras El-Hekma construction contracts
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Abu Dhabi-based developer Modon Holding has tendered several contracts as part of the first phase of development at Ras El-Hekma, a planned new city on Egypt’s Mediterranean coast.
MEED understands that the tenders were issued in January.
These include:
DP3 assets: covering 146 residential villas, 590 three-bedroom townhouses, 356 four-bedroom townhouses, a mall and other associated works.
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Chinese firm wins Ceer automotive supplier park deal
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The supplier park is located next to Ceer’s electric vehicle (EV) production facility in KAEC.
The automotive supplier park will include production and ancillary facilities for various suppliers and provide the material supply infrastructure for Ceer’s EV plant.
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