Wednesday, 21 February 2018 01:25 GMT
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UAE- Masdar reveals reasons for GDF Suez partnership

(MENAFN - Arab News) Csp today's recent interview with masdar investment manager yago mancebo revealed that gdf's experience as one of the world's largest independent power producers (ipp) is the main reason for partnering with them for csp projects in morocco

masdar and gdf suez are working in a consortium as one of the pre-qualified bidders for the 200mw noor ii and 100mw noor iii csp projects in morocco. the winning bidders are expected to be announced in september this year and in a recent interview with csp today mancebo spoke about masdar's first experience in the bidding process for a csp project and their reasons for partnering with gdf suez.

masdar has a strong portfolio of csp projects behind them (torresol and shams 1) while their partner gdf suez are one of the biggest independent power producers in the world with a vast experience of bidding for utility scale power projects. in the interview mancebo highlights this complementing balance of experience as the main reason for choosing to partner with gdf suez in morocco.

mancebo outlined their challenges and successes in finding the right partners for csp projects. mancebo said that the main challenge with forming a good partnership in csp was simply that there were relatively few players in the industry.

mancebo said that masdar would 'prefer to be the leading partner in every sense' and 'want to be an active investor' in the csp projects they are involved with in the future.

mancebo added that this is the reason the partnership with gdf suez works well as 'the consortium's decision-making process is like a joint venture-50-50.'

mancebo and wim alen business developer manager at gdf suez will participate in a panel discussion on creating partnerships for csp projects at menasol in dubai on may 6-7.


UAE- Masdar reveals reasons for GDF Suez partnership

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