Prequalification for the Tasersiaq and Tarsartuup Tasersua Hydropower Tender Opens on 24 November 2026
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"Since taking office as Minister for Energy, I have been looking forward to opening the prequalification process for this project. The project is of great importance to Greenland, and I hope it will mark the beginning of a journey towards harnessing our vast hydropower potential to create development and economic growth in the country," says Jørgen “Juulut” Rosbach, Minister for Environment, Nature, Energy and Research.
During 2027, companies with the technical and financial capacity to carry out the hydropower project will be selected. These companies will have the opportunity to participate in the final competitive tender process.
In December 2025, the Government of Greenland decided on a government take model for the project. The government take-model will apply exclusively to the hydropower plants and not to the offtake industries.
In addition to the existing tax system, the government take-model will consist of two elements:
A resource rent per unit of produced energy.
Government co-ownership through preference shares without capital contribution.
Both elements will be subject to competition in the tender process.
In connection with the opening of prequalification, the Government of Greenland has established the framework for the competitive parameters expected to be included in the upcoming tender, as well as their relative weighting. The competitive parameters are based, among other things, on public meetings held by the Minister for Environment, Nature, Energy and Research in spring 2026, as well as dialogue with Qeqqata Municipality.
Bids will be evaluated based on the following competitive parameters, which will be described in greater detail in the final tender documents to be published at a later stage:
Financial returns to the Greenland Self-Government through the government take model, focusing on future revenue for the Greenland Self-Government.
Location of offtake industries near inhabited communities and growth in the local economy, with a focus on future employment opportunities for local residents, allowing for daily commuting and the continuation of everyday life in local communities.
Project feasibility, including the robustness of the proposed solution or solutions presented during the tender process.
Further information regarding the prequalification documents, including qualification requirements, application deadlines and other relevant details, will follow.
For further information, please contact pan@nanoq.gl.