(MENAFN- Khaleej Times) Utico has called for pre-qualifications for a 40-megawatt solar power development project in Ras Al Khaimah.
The Dubai-based company, which has been at the forefront of affordable and sustainable utilities development across the Middle East, also closed successfully a well-participated pre-qualification process for a 100,000m3/day desalination plant. Over 20 companies are participating in this tender process
The 40-megawatt solar power development project, the first of its kind in the UAE, will go a long way to bring sustainability and provide affordable power to consumers in the region. It is the first-ever private independent water project in the world with a take or pay model
The solar independent power project (IPP) will provide power to the desalination plant as well as provide power to the Utico grid. Negotiations are also underway to connect to the federal grid, which will help Utico to increase the solar power capacity to 120 megawatts over the coming years
Richard Menezes, executive vice-chairman of Utico, said that such a model of development would help the entire region to grow
"What the region's utilities sector requires are proper regulation, government support, the freedom to serve a consumer within a set quality of service, and consumer satisfaction not financial support. Meeting these requirements will help promote innovation along with better service and quick growth. That is the bottom line of utility development," he said
Utico, the largest full service private utilities company in the UAE, is aggressively seeking to build utility power projects overseas with its unique business model where it focuses on reducing subsidies for governments as well as building a greener world
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