DEWA to reveal preferred bidder for coal project
Dubai utility to unveil developer of ultra-supercritical coal power plant next week.
DEWA is on the verge of announcing the preferred bidder for its Hassyan clean coal power plant, reports say.
The utility will reveal the preferred bidder on Tuesday, October 13 with construction of the 1,200 MW project expected to start next year, after commercial, legal and financial issues are finalised, Reuters said citing Saeed Mohammed Al Tayer, CEO and MD of DEWA.
DEWA released the tender to qualified bidders in July last year and extended the bid deadline in response to requests from bidders.
In May it was revealed that Saudi-based ACWA Power had submitted the lowest bid for the project, pledging to develop the plant in return for just $5.177 cents per kWh. It also submitted a bid of $4.9 cents for a larger project of 1,800MW.
A total of four companies were shortlisted to develop the project which is based on the Independent Power Producer (IPP). South Korea’s Kepco, TNB Tenaga Nasional of Malaysia and Japan’s Marubeni made up the other three bidders.
The Hassyan plant will use ultra-supercritical technology to produce energy according to standards set by the European Union. The first phase of the project is expected to be operational by 2020.