Business | General
Abengoa to bid for Abu Dhabi solar plant
Spain's Abengoa plans to make a bid to participate in a 500 megawatt solar power plant in Abu Dhabi before the deadline closes in October, the chief executive of the firm's Spanish thermal solar unit said.
Madrid: Spain's Abengoa plans to make a bid to participate in a 500 megawatt solar power plant in Abu Dhabi before the deadline closes in October, the chief executive of the firm's Spanish thermal solar unit said.
"We will be lodging a bid for the tender next month and we're optimistic about winning this contract," Pedro Robles said in an interview on Thursday.
Abengoa, which has businesses ranging from engineering to environmental services, is already present in the UAE capital through its IT solutions provider Telvent. Abengoa's solar unit has projects in other areas of the Arab world including Algeria and Morocco, where it participates in two combined solar and gas power stations.
Robles said the intensity of the sun in areas such as Arabia and North Africa has drawn solar power developers to the region.
"These areas have 40 per cent more radiation than Spain, if we could capture all the radiation which falls on just 2 per cent of the desert, we would have enough energy to power the planet," he said.
More from Business General
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular

