14th June 2012 – Vol.XXXV No.086
$500m plant deal set for Acwa group
Posted on » Thursday, June 14, 2012
RABAT: A consortium led by Saudi International Company for Water and Power (Acwa) is close to wining a contract worth at least $500 million to build a 160-megawatt concentrated solar power plant south of Morocco, a source said yesterday.”We are going to opt for the offer made by the consortium of Acwa,” the source said.
Acwa has teamed up with Spanish engineering firm Aries IS and TSK EE for the design, finance, construction, operation and maintenance of the plant near the city of Ouarzazate.
“(Morocco’s solar energy agency) Masen will make the announcement over the weekend. The signing ceremony will be on Saturday,” said the source.
The announcement of the deal will coincide with the expected landing in Ouarzazate of solar energy plane Solar Impulse, which took off from Rabat yesterday after it completed last week the world’s first intercontinental flight powered by the sun.
In addition to the Acwa-led consortium, two other groups have been involved in the final selection processes for the contract.
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