14 firms in running to advise on DEWA private deal
DEWA CEO pleased with response to tender, will award contract in June
Fourteen consultancy companies are in the running to advise on the first tender to involve private companies in the development of Dubai's power industry.
Saeed Mohammed Al Tayer, managing director and CEO, Dubai Electricity & Water Authority (DEWA), said the contract was expected to be awarded in June.
He added that DEWA would analyse the 14 bids to consult on the power project and then select a shortlist by the end of April.
Al Tayer said: "We are pleased to announce that DEWA has received fourteen bids at the tender closing on March 8, this is a great number that reflect the interest of the players in this new project."
The utility of Dubai said in January it wanted to boost private sector involvement in its power and water sector to save costs. The move marks a policy change for the government, which had until now owned and operated all Dubai's power plants.
The consultants will help seek bidders to build a facility capable of generating 1,500 megawatts of power and turning 120 million gallons of salt water into drinking water each day.
Dubai aims to issue a tender for the power and desalination plant in the second half of this year and award its first contract with private investors to generate power by the end of the first half of 2011.
Gulf states are boosting power supply to meet rising demand from growing populations while seeking investment to spur economic growth.
The UAE is also beginning a nuclear energy programme. This will be the first time Dubai has sought private investors to develop its power industry.