16 December 2015

The Abu Dhabi Water and Electricity Authority (“ADWEA”) formally announces the commencement of a competitive process to select a developer or developer consortium to own up to 40% of a special purpose vehicle (the “SPV”) to be incorporated under the laws of the Emirate of Abu Dhabi and United Arab Emirates to participate in a 350MW solar PV Independent Power Project located in Sweihan, Emirate of Abu Dhabi. The remaining equity will be held, directly or indirectly, by ADWEA.

The project will comprise, inter alia, the development, financing, construction, operation, maintenance and ownership of a greenfield renewable power generation plant of 350MW AC net of power generation capacity, together with associated infrastructure (“the Plant”).