The Abu Dhabi Future Energy Company, aka Masdar, will roll out its second solar power project, the 100 MW Noor-1, later this year.
The project may be offered as an Independent Power Project (IPP), reports Khaleej Times. "We will soon invite the expression of interests for the project that will be launched on build, own and operate basis," said Mohammed Al Zaabi, General Manager of Shams Power Company PJSC, a subsidiary of Masdar.
"The site for the project is yet to be decided", he said adding that a feasibility study was underway. Masdar owns the lion's share of 60 per cent in the company, while French energy giant Total and Abengoa of Spain share the rest equally.
Once the feasibility is done, Masdar will go out to the market to invite bids for the engineering, procurement and construction of the project along with the operation, management and maintenance, he said. Abu Dhabi's second solar power plant will be run on Photovoltaic technology.
"The project reflects Abu Dhabi's strong commitment to generate a targeted seven per cent or a total of 1500 MW of its entire energy needs from renewable energy resources in 2020," he said.
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