21 November 2019
Dubai Electricity and Water Authority (DEWA) announced on Thursday that it has appointed a consortium led by ACWA Power and Gulf Investment Corporation as the preferred bidder for Phase 5 of the Mohammed bin Rashid Al Maktoum Solar Park.
The Dubai utility said in a statement that the 900-megawatt (MW) Independent Power Producer (IPP) project would be based on solar photovoltaic (PV) technology.
DEWA had received a world record tariff of 1.6953 US cents per kilowatt hour (kWh) for the project, the statement noted.
It said the utility received 60 Requests for Qualifications (RFQ) for the tender released in February this year.
DEWA MD and CEO Saeed Mohammed Al Tayer said in the statement that Phase 5 will become operational in stages from the second quarter of 2021.
The statement also noted that solar park's total production capacity currently stands at 713 MW with three projects totaling 1,250 MW under construction. The fifth phase will increase solar park's total production capacity to 2,863 MW.
(Writing by Madhura Deulgaonkar; Editing by Anoop Menon)
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