DEWA receives five bids for $14bn Dubai solar park
The lowest recorded bid to develop the $13.6bn Mohammed bin Rashid Al Maktoum Solar Park's 800MW third phase is valued at $0.03 (2.99 cents)
Dubai Electricity and Water Authority (DEWA) has received five bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
HE Saeed Mohammed Al Tayer, managing director and CEO of DEWA, said DEWA will now review the technical and commercial aspects of each bid to pick the best one.
The lowest recorded bid at the opening of the envelopes was $0.03 (2.99 cents) per kilowatt hour (kWh).
DEWA had released a request for the Expression of Interest (EOI) for the 800MW third phase of the solar park on 8 September, 2015, and received 95 EOI responses from international solar organisations between 8 and 29 September 2015, Dubai Media Office reported.
The agency requested companies submit their requests for qualification before November 2015.
This was followed by a Request for Proposals (RFP) to qualified bidders on 28 December 2015.
Remarking on the development, Al Tayer said: “DEWA is able to keep up with developments in energy and has demonstrated its flexibility to do so.
"This is based on its success in implementing the Dubai Clean Energy Strategy 2050 launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
"This strategy includes initiatives such as the Mohammed bin Rashid Al Maktoum (MBR) Solar Park, which is the largest single-site project to generate electricity from solar energy in the world, with a planned capacity of 5,000MW by 2030, and total investment of $13.6bn (AED50bn)," Al Tayer added.