Dewa secures lowest bid worth $1.7 for Dubai's MBR Solar Park Phase 5
Bloomberg report citing Dewa MD and CEO, Saeed Al Tayer, states that the amount is the world's lowest bid of its kind
Dubai Electricity and Water Authority (Dewa) has reportedly secured the lowest bid worth $1.7 (AED6.21) per kw/h for the 900MW Phase 5 of the $13.6bn (AED50bn) Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park) — the world’s largest single-site solar park based on the independent power producer (IPP) model in Duba — according to a Bloomberg report.
Citing Dewa’s managing director and chief executive officer, Saeed Mohammed Al Tayer, the report added that Dewa would carry out proper evaluation before revealing the name of the bidder.
In July 2019, Dewa floated tender for the fifth phase of MBR Solar Park, with staged commissioning of the phase to begin in Q1 2021.
Earlier this month, Al Tayer also reviewed progress on Phase 3 of the solar park. This stage is being constructed by a consortium comprising Abu Dhabi Future Energy Co (Masdar) and EDF Energies Nouvelles, a subsidiary of France’s EDF Group.