Oman's Rural Area Electricity Company (Raeco), also known as Tanweer, is expected to award the build and operate contract for its 11-site hybrid solar photovoltaic (PV) - diesel Independent Power Plant (IPP) project by the fourth quarter of 2020, according to a source close to the project.
"The tender was issued on 16 March 2020 to the prequalified companies with bids submission due date of 29 June 2020. The contract award is expected by October 2020," the source told Zawya Projects, adding that the estimated project value is $175 million.
The prequalified bidders include the consortiums of Wartsila, Alfanar, Voltalia, MB Holding and Arket International; Total Solar and Altaaqa; Mainstream Renewable Power, Tesla and FG Wilson; EDF Renouvelables and Alawi; Canadian Solar and Bahwan Renewable Energy; Fotowatio Renewable Ventures and Aggreko; Shell, Entertech, Enerwhere and HTC, and standalone bidders NTPC; Engie; Mytilineos; Scatec Solar and Jinko Solar, spokes people from five bidders confirmed with Zawya Projects.
In December 2019, Zawya Projects had reported that the project entails the development of hybrid power plants under a Build-Own-Operate-Transfer (BOOT) framework totaling 146 megawatts (MW).
DNV GL and Synergy Consulting have been mandated as front-end engineering design consultants while Ernst & Young has replaced DLA Piper as the legal advisor on the project, a second source told Zawya Projects.
The project is scheduled to be completed by the fourth quarter of 2023, he added.
(Reporting by Senthil Palanisamy; Editing by Anoop Menon)
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