The Government of the Republic of Armenia has launched a request for qualifications (RFQ) seeking private investors to develop a grid-connected 200 MW solar PV power plant located between the communities of Talin, Dashtadem, and Ashnak in the Aragatsotn marz. The Project will be developed on a Design, Finance, Build, Own, and Operate (DFBOO) basis under one special purpose company (the Project Company) to be jointly owned by the Successful Bidder (85% ownership) and Armenian National Interest Fund CJSC (ANIF) (15% ownership).

The selection of a bidder to develop the Project will be conducted in two stages. The first stage is the RFQ to prequalify the prospective bidders with the required experience and financial resources to deliver the Project as per the requested timeline. The second stage will require bidders to submit proposals in response to the Request for Proposals (RFP).

The initiator of the investment project, Masdar Abu Dhabi Future Energy Company PJSC – Masdar, will be given an opportunity to match its offer with the lowest bid tariff proposed by other Pre-Qualified bidder by proposing at least USD 0,1 cent per kilowatt hour (kWh) lower tariff in case it has not quoted the lowest tariff.

The deadline to submit the qualifications is July 01, 2020. You can find more information about this RFQ on our business opportunity page here.