The Federal Electricity and Water Authority (“FEWA”) hereby formally announces the commencement of a competitive tender process to select a suitable developer or developer consortium to design, build, finance and operate, on an Independent Power Producer ("IPP") basis, a Solar PV Plant (the “Project”) with an export capacity up to 500MW to be located in the Emirate of Umm al Quwain, United Arab Emirates.
The selected developer or developer consortium will form a Special Purpose Vehicle (“SPV) for undertaking the Project. The selected developer or developer consortium will own 40% stake in the SPV. FEWA and the Umm al Quwain Government will own 60% stake in the SPV. The SPV will enter into a long-term power purchase agreement (“PPA”) with FEWA (being the sole offtaker of the power generated). The project structure will include a Sovereign Guarantee.
The EOI must include a brief description of the interested companies, list of project references, company headquarters location and contact details of (2) representatives (address, telephone number, mobile number and email address).
FEWA will register the interest received for further consideration and additional information on the Project will be released to registered applicants in due course.
All interested parties having experience of undertaking similar projects, are invited to submit an EOI at the earliest opportunity and no later than 10:00 a.m. local time in the UAE on 23rd January 2020 in the form of (i) two paper originals to: The Director General, Federal Electricity and Water Authority, 7th Floor, Al Mezan Building, Muheisnah 4, Beirut Street, P.O. Box 1672, Dubai, United Arab Emirates (25°17’16.64”N, 55°24’03.62”E); and (ii) an electronic copy to fewa.Solaripp@fewa.gov.ae.
Nothing contained within this invitation to express interest shall constitute an agreement, contract, warranty or representation between FEWA and any other party. FEWA reserves the right to modify this invitation and the contents thereof and/or the process related thereto at its sole discretion.