Concentrating Solar Power plant deal set for Acwa group

"We are going to opt for the offer made by the consortium of Acwa," the source said. Acwa has teamed up with Spanish engineering firm Aries IS and TSK EE for the design, finance, construction, operation and maintenance of the plant near the city of Ouarzazate.

"(Morocco’s solar energy agency) Masen will make the announcement over the weekend. The signing ceremony will be on Saturday," said the source.

The announcement of the deal will coincide with the expected landing in Ouarzazate of solar energy plane Solar Impulse, which took off from Rabat yesterday after it completed last week the world’s first intercontinental flight powered by the sun. In addition to the Acwa-led consortium, two other groups have been involved in the final selection processes for the contract.