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Home / Project Management Articles and News / DEWA receives world’s lowest bid of $1.69 cents per kW/h for MBR Photo voltaic Park

DEWA receives world’s lowest bid of $1.69 cents per kW/h for MBR Photo voltaic Park

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Dubai Electrical energy and Water Authority (DEWA) has achieved a world file by receiving the bottom bid of $ 1.6953 cents per kilowatt hour (kW/h) for the 900MW fifth section of the Mohammed bin Rashid Al Maktoum Photo voltaic Park. This section will turn into operational in levels beginning in Q2 of 2021.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA stated: “For the fifth time, DEWA has achieved a world file in getting the bottom worth for PV solar energy initiatives primarily based on the IPP mannequin. This exhibits the precedence our clever management provides to scrub and renewable vitality initiatives, which has contributed to its international price discount.”

“The initiatives on the Mohammed bin Rashid Al Maktoum Photo voltaic Park, the biggest single-site photo voltaic park on the earth, are of nice curiosity to worldwide builders and reaffirms investor confidence within the main initiatives which can be supported by the Authorities of Dubai.”

“DEWA has attracted enormous investments to the UAE from the personal sector and overseas banks, resulting in elevated money stream to the economic system of Dubai and the UAE,” he added.

Al Tayer additional famous that DEWA is dedicated to finishing the phases of the Mohammed bin Rashid Al Maktoum Photo voltaic Park based on the best worldwide requirements. This can be executed utilizing the most recent solar energy applied sciences to boost the shift in the direction of a inexperienced economic system by rising its share of fresh and renewable vitality, he stated.

Moreover, DEWA obtained 60 RFQs from builders to construct and function the 900MW undertaking, whereas 9 consortiums and firms certified and had been requested to ship their bids. These bids are being studied and the successful bid can be introduced subsequent month.

The publish DEWA receives world’s lowest bid of $1.69 cents per kW/h for MBR Solar Park appeared first on Middle East Construction News.



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