| Also Known As |
: |
Shams 1 Plant |
| Country |
: |
UAE |
| Project Value |
: |
USD 600,000,000 |
| Sector |
: |
Power and Water | IPP - Independent Power Provider
Alternative Energy | Power Generation, Solar Energy
|
|
Consultants |
: |
Foster Wheeler International
(Advisory contract and supply) |
Fichtner Consulting Engineers
(Technical) |
| Profile Type |
: |
Standalone Project
|
| Associated Projects |
: |
| Related Projects (2) |
|
Phase:
Construction - Execution
|
|
Completion: Q4 2012
|
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| Background |
Abu Dhabi Future Energy CompanyAbu Dhabi Future Energy Company (Masdar) plans to construct a 100 MW Concentrating Solar Power (CSP) Plant in Madinat Zayed, western Abu Dhabi.
The CSP plant will supply the national electricity grid. It will use the parabolic trough technology, which reflects the direct solar radiation onto a receiver.
The plant will be developed under a 25 year Build, Own, Operate (BOO) basis.
The capacity of the plant is planned to be increased to 2,000 MW in the future.
The plant will be constructed on an area of 2.5 sq.km. It will later be extended to 6.5 sq.km.
Fichtner Consulting EngineersFichtner Consulting Engineers is the technical consultant. |
| Expected Events |
| Schedule |
Contract Phase/Phase |
Description |
| Q4 2012 |
Completion | Project expected to be completed
|
|
| Latest Events |
In May 2012, the construction of the plant was in progress.
In Q4 2012, the project is expected to be completed. |
| Previous Events |
In March 2011, the construction of the plant was in progress.
On 15 November 2010, Masdar awarded Foster WheelerFoster Wheeler a contract to design, supply a solar steam generator system and perform site advisory services.
In Q3 2010, the construction of the plant started.
In June 2010, the BOO contract was awarded and signed with the JV of Abengoa Solar and TotalTotal. The BOO contract award was initially expected to be awarded in March 2010.
In H1 2009, the project was delayed to the end of September 2009 due to the relocation of the project. The contract award was previously expected in May 2009 and construction was expected to begin in Q2 2009.
On 19 October 2008, bidders submitted their proposals for the BOO contract. The JV of Abengoa Solar and TotalTotal submitted the lowest bid.
In May 2008, the list of prequalified bidders for the BOO contract was released.
In December 2007, Masdar and Cosmo Oil Company signed a contract with the Tokyo Institute of Technology to research and develop solar tower "beam down" technology. Under the agreement, Masdar and Cosmo will work together in the beam-down research program for technology transfer and acquisition of intellectual property. A 100 kW beam-down pilot plant will be built in Abu Dhabi by the end of 2008.
In January 2007, Masdar signed a contract with Fichtner Consulting EngineersFichtner Consulting Engineers to provide technical advice and with the German Aerospace Agency, or DLR, to evaluate the plans for the construction of a commercial-scale solar-thermal power plant in Abu Dhabi. |
| Scope of Work |
Construction of a 100 MW concentrating solar power plant that adopts the parabolic trough technology. |
| Financing Source |
BNP ParibasBNP Paribas is the financial adviser.
In January 2011, financial close was reached.
The USD 600 million debt equity will be financed by Societe GeneraleSociete Generale, BNP ParibasBNP Paribas, Natixis, Mizuho, Bank of Tokyo-MitsubishiBank of Tokyo-Mitsubishi, SumitomoSumitomo, WestLB, KfW, National Bank of Abu DhabiNational Bank of Abu Dhabi and Union National BankUnion National Bank. |
| Related Projects |
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| Project News |
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| Schedule | Contract Phase/Phase | Description |
| Jan 2007 |
Consultant | Contract signed with Fichtner Consulting EngineersFichtner Consulting Engineers
|
| Dec 2007 |
Study | Contract signed with Tokyo Institute of Technology
|
| May 2008 |
BOO | List of prequalified bidders released
|
| 19 Oct 2008 |
BOO | Bidders submitted their proposals
|
| H1 2009 |
BOO | Project delayed
|
| Jun 2010 |
BOO | Contract awarded to the JV of Abengoa Solar and TotalTotal
- JV of Abengoa Solar and Total
- JV of Grupo Cobra and Sener
- JV of Iberdrola and Acwa Power Projects
- JV of Man Ferrostaal and Solar Millennium
|
- JV of Abengoa Solar and Total
|
|
| Q3 2010 |
BOO | Construction started
|
| 15 Nov 2010 |
Design | Foster wheeler awarded contract to design and supply a solar steam generator system and site advisory services
|
| Q4 2012 |
Completion | Project expected to be completed
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