United Arab Emirate’s Utility Company, Dubai Electricity and Water Authority (DEWA) has issued the tender for Phase V to expand the Mohammed bin Rashid Al Maktoum Solar Park – the largest solar project in the Middle East.
Phase V will have a PV capacity of 900 MW and expected to commissioned in the second quarter of 2021.
The power generated at the facility will be sold to DEWA under a long-term Power Purchase Agreement (PPA) of 25 years. Interested developers need to submit their proposals latest by 22 August 2019.
The winning bidder will own 40% of the company operating the project, and DEWA will own 60%. Earlier, DEWA received letters of intent for the tender from 64 companies.
As per the tender notification, all the proposals should be valid for 120 days. Participating bidders need to submit a bid security for an amount 5% of the total tender price and valid for 150 days.
The planned output of the Mohammed bin Rashid Al Maktoum Solar Park is 1,000MW by 2020 and 5,000MW by 2030. The total investments worth up to AED 50 billion.
Upon completion, the solar park will be expected to reduce over 6.5 million tonnes of carbon dioxide emissions annually
