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EDF Power Solutions and Korea Western Power Co., Ltd. (KOWEPO) have signed a deal to develop the 1.5-GW Al Zarraf solar PV project in Abu Dhabi. A joint development agreement was signed with the Emirates Water and Electricity Company (EWEC) at the World Utilities Congress in Abu Dhabi, according to EDF on Monday. The project was awarded to the international consortium following a competitive bidding process, for which 16 companies and consortia were qualified. Under the tenders terms, EDF and KOWEPO, as winners in the competition, will own up to 40% of the project, while the remaining equity will be held indirectly by the Abu Dhabi government. Zarraf Solar will be developed as an Independent Power Producer (IPP) project in the Al Zarraf area of the Al Dhafra Region. When operational, the solar plant will generate electricity for roughly 160,000 homes annually. A consortium of EDF Renewables and KOWEPO is one of the three bidders competing for the development of the 1.5-GW Khazna solar PV project in Abu Dhabi. |
