Bids for new power plans soon: Abu Dhabi

Abu-DhabiAbu Dhabi government has decided to invite bids for its proposed 1,600 MW Shuweihat 3 independent power plant worth about $2 billion aimed to ensure the energy security of the nation. Abu Dhabi’s energy demand is expected to get tripled by 2020 and the government has started to prepare plans for meeting the challenges ahead.

Abu Dhabi Water & Electricity Authority (Adwea ) Director of privatization, Abdulla Saif Al Nuaimi has informed that the government has already begin the process of pre-qualification and proposals are likely to come early next month.

Al Nuaimi added, " We have started the process of prequalification and we are targeting sending the request for proposals (RFPs) early next month .We expect to finalize selection of the developer by November, (make the) financial close by April 2011 and commissioning in 2013."

The emirates government has already completed eight power projects under a privatization plan launched in 1998 which ensures some stake to be held by the developers in the project. The Emirates power projects have always been remained attractive for international firms such as General Electric, Mitsubishi, Suez Tractebel, Hyundai Heavy Industries and International Power.