DEWA Announces Selected Bidder for 800 MW Solar Park Phase

27 June 2016

DEWA announces selected bidder for 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced today the selected bidder for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model. HE Dr. Sultan Al Jaber, Minister of State, and Chairman of Abu Dhabi Future Energy Company (Masdar) and HE Dr. Thani Ahmed Al Zeyoudi, Minister of Climate Change and Environment, were present. The selected bidder for the project is a Masdar-led consortium including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group. The consortium bid a Levelised Cost of Electricity (LCOE), of USD $2.99 cents per kilowatt hour (kW/h).

The announcement was made at a press conference at the Armani hotel in Dubai, which was attended by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Executive Vice Presidents and Vice Presidents from DEWA, senior management from Masdar, and local and international media.

The consortium was selected following a significant competition and an evaluation of numerous offers. DEWA has received 95 Expressions of Interest (EOI) from international energy companies, in response to its tender request over 8-29 September 2015.

DEWA requested that 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. DEWA received 5 bids from international organisations. The lowest recorded bid at the opening of the envelopes was USD $2.99 cents per kW/h. In preparation for the next phase, DEWA will develop shareholder and power-purchase agreements that will be signed in Q4 of 2016.

“The selection of the Masdar-led consortium is a