Jan 13 2010 |
more articles from
|
Dewa to privatise Hassyan project
Dewa , as per the order of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, has begun to float a tender for its first project involving the private sector.The tender to offer "advisory services" for the privatisation of Hassyan project, a Dh20 billion Greenfield power and desalination plant, is expected to close on February 20, Emirates Business has learnt.
Unlike its GCC neighbours who have opted for a wider deregulation scheme, the selected private firms would only be able to operate the power generation segment while transmission and distribution will remain under Dewa 's domain. All existing plants will continue to be run by Dewa .
Saeed Mohammed Al Tayer, Dewa Managing Director and CEO, said the privatisation plan will support Dewa 's business by adding new business areas and will also benefit the economy as it opens up "exciting" opportunities for local and foreign investments. "Dubai's competitiveness in the business firm is stable and we should support it by introducing new business areas," he said.
The strict laws related to technical specifications, reliability, pricing and regulations relating to emissions, as well as predictable market and economic changes in the future play an important role in Dewa 's decision-making process, he said.
"We still don't know the value as it's the first time that we are going for an IPP (Independent Power Producer) ," said Waleed Salma, Vice-President, Business Development at Dewa . He said developers and Dewa are expected to seal the financial agreement over the next 18 months.
"The tender is still floating and we plan to close it on February 20. It is open for qualified consultants and companies. From then, they have 50 days to give their bid offers and then we need a month or so for the evaluation and selection of the candidate," said Salma.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment