Wednesday, Feb 22, 2012
DUBAI (Zawya Dow Jones)--Dubai state utility said Wednesday it has awarded M/S ILF engineers a consultancy contract for the overall development of Dubai's 12 billion U.A.E. dirham ($3.26 billion) 1000 megawatt solar energy park, as well as the construction of a 10 MW solar project.
Six international companies entered bids last November, Dubai Electricity and Water Authority, or Dewa, said in an emailed statement.
The 1000 megawatt solar energy park, named after Dubai's ruler Sheikh Mohammed Bin Rashid Al Maktoum, is expected to begin generating electricity by the end of 2013. The first solar project in the park, to be operated under the supervision of Dewa will cost AED120 million and will be fully funded by the Dubai Supreme Council of Energy.
Dubai is set to hold an international tender by June 2012 to award contracts for the first project, while the contract for the 10 MW project is expected to be awarded by the third quarter of 2012, Saeed Al Tayer, vice chairman of Dubai's Supreme Council of Energy said last month. Electricity generation at the 10 MW project is expected to start by the fourth quarter of 2013, according to project officials, with latter stages of the project seen to produce 1000 MW by 2030.
-By Leila Hatoum, Dow Jones Newswires; +971-4-446-1686; leila.hatoum@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
22-02-12 1251GMT
