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DEWA Awards AED14.2 Billion Largest CSP Project in the World with a Record Bid of USD 7.3 cents per KW/h to Generate 700MW

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Muzammil Hussain
DEWA Awards AED14.2 Billion Largest CSP Project in the World with a Record Bid of USD 7.3 cents per KW/h to Generate 700MW

Dubai Electricity and Water Authority (DEWA) has achieved another world record by awarding the 700MW AED14.2 billion-fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

This is the largest single-site Concentrated Solar Power (CSP) project in the world, based on the Independent Power Producer (IPP) model.

The contract is awarded to a consortium comprising Saudi Arabia’s ACWA Power and China’s Shanghai Electric.

The project will be commissioned in stages, starting from Q4 of 2020.

“Awarding this strategic project supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote sustainability, and make Dubai a global center for clean energy and a green economy.

This vision is supported by the Dubai Clean Energy Strategy 2050 to increase the share of clean energy in Dubai’s total power output to 7% by 2020, 25% by 2030, and 75% by 2050.

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Muzammil Hussain
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