Abu Dhabi looks to meet growing demand with 1600 MW plant

15 February 2010 - According to a report by Reuters, Abu Dhabi will begin welcoming proposals to build the Shuweihat 3 independent power project, a 1,600 MW power plant worth $2 billion, as the emirate looks to meet tripling demand by 2020.

"We have started the process of prequalification and we are targeting sending the request for proposals early next month" commented Abdulla Saif al Nuaimi, director of privatization at the Abu Dhabi Water & Electricity Authority. "We expect to finalize selection of the developer by November this year, financial close by April 2011 and commissioning in summer 2013."

The announcement comes shortly after the UAE awarded a $40 billion nuclear power deal to a South Korean consortium this past December. The group plans to build and operate 4 nuclear reactors in the emirate.

The Shuweihat 3 IPP project will be the ninth power project under a privatization plan launched in 1998. Shuweihat 3 will be Abu Dhabi's first IPP.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs