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Ewec taps EDF + Kowepco for Al Ajban project: The Emirates Water and Electricity Company (Ewec) has selected a consortium of France’s EDF and Korea Western Power (Kowepco) to develop the 1.5 GW Al Ajban solar IPP project for an estimated investment ticket of USD 748 mn, Asharq Business reports, citing a Kowepco statement. The plant will be located 70 km east of Abu Dhabi.
What we know: Construction on the plant will start in June and is set for completion in 2026. The consortium estimates the plant will generate around USD 2.24 bn in revenues. Ewec will be the sole offtaker for the project for 30 years.
About the project: Al Ajban — Ewec’s third solar power project — is expected to generate enough electricity to power c. 160k homes across the country, according to the statement. It is set to raise Ewec’s total solar power capacity to c. 4 GW and slash Abu Dhabi’s carbon dioxide emissions by up to 2.4 mn tons annually. The company had originally planned to award the project by 4Q last year.
Ewec has more in the works: The company invited developers to submit expressions of interest to establish its 1.5 GW Khazna solar farm last September and launched a tender process for a battery energy storage system project to complete the development, financing, construction, operation, maintenance, and ownership of the greenfield facility with a power capacity of 400 MW.
