Morocco: Financial muscle wins Saudis latest Ouarzazate contracts
Issue 293
- 29 Jan 2015
| 1 minute read
Saudi Arabia’s Acwa Power and Spanish partner Sener Grupo de Ingeniería have won the main engineering, procurement and construction, and operation and maintenance contracts for the second phase of the Ouarzazate solar complex. Moroccan Solar Agency (Masen) head Mustapha Bakkoury said that, as with the first phase at Ouarzazate – which is under construction – the ambitious Saudi company had won out with a very competitive financial bid for a parabolic trough concentrated solar power plant and solar tower. “Acwa Power largely showed its financial capacities in the first phase, when its bid was 21% lower than the second best bidder,” the Casablanca daily L’Economiste quoted a local expert as saying.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register