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ACWA Power emerges as the lowest bidder for the Hassyan clean coal power project in Dubai
Publish Date : 05-May-2015
ACWA Power has emerged as the lowest bidder for the Hassyan clean coal power project in Dubai.
The Saudi-based company will be developing the 1,200MW plant for DEWA in return for just $5.177 cents per kWh. For a larger project of 1,800MW, the firm also submitted a bid of $4.9 cents. The bid is said to be nearly $1.0 per kWh lower than ACWA Power's world record winning bid for the 200MW second phase expansion of DEWA’s solar park.
Initially, DEWA had tendered for a 100MW expansion, however it accepted ACWA's lower offer to develop a larger plant at a lower price.
According to DEWA, a total of four firms have been shortlisted towards development of the project based on the Independent Power Producer (IPP), with the other three bidders being South Korea’s Kepco, TNB Tenaga Nasional of Malaysia and Japan’s Marubeni.
The Hassyan power plant makes use of ultra-supercritical technology for production of energy as per the highest international standards laid down by the European Union.
According to HE Saeed Mohammed Al Tayer, MD and CEO of DEWA, the coal plant is a significant step in implementing the energy diversification strategy approved by the Dubai Supreme Council of Energy.
