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ITAC awarded with CSP pilot project in India

The past 26th February, Wednesday, ITAC signed with Tractebel Engineering a consultancy agreement with the Asian Development Bank for Preparing Utility Scale Concentrated Solar Power Demonstration Project in New Delhi, India. Funded by ADB, this project adds a new experience for ITAC in energy and renewable energy frameworks development.

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ITAC had gone along with Tractebel Engineering since Expression of Interest Phase, and got shortlisted in December 2013 against a strong consortia panel, featuring well-known consultancy groups. The evaluation results came on January later on, TE-ITAC consortium getting the highest combined technical and financial score.

The project aims to be held from March 2014 until September 2015 in three differentiated phases. ITAC contributes with Economic and Financial Specialists, PPP Specialists and Institutional Strenghtening Specialists, for this purpose. 

This is the very first experience of the two firms together in association, and both parties expect this relation to continue in a narrow future. In fact, TE and ITAC consortium is shortlisted for another Renewable Energy Project also funded by ADB, the Rajhastan Solar Park development project, whose outcome is expected within the next months.

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