Dewa gets record-low solar bid

The Dubai Electricity and Water Authority (Dewa) has received the lowest international bid of USD 9.45 cents per kilowatt hour (kW/h) for the 200MW Concentrated Solar Power (CSP) plant, which is the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

The bids from four international consortiums were opened on Monday at the Dewa head office. Dewa is working to build the biggest CSP project in the world based on the independent power producer (IPP) model. The 200MW CSP plant will be operational by April 2021, with other CSP projects eventually generating a total of 1,000MW by 2030.

On October 4, 2016, Dewa invited energy companies to send expressions of interest (EOI) for the 200MW CSP plant. By October 27, 30 international solar IPP players had sent EOIs. Dewa received seven requests for quotations from international IPP bidders and consortium partners on December 5, 2016. The request for proposal was sent to qualified bidders on January 15, 2017.

"The UAE's focus on renewable energy generation has led to a drop in prices worldwide and has lowered the price of solar and wind power bids in Europe and the Middle East," said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.

Source: Khaleej Times