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FinancialNews
03-03-19
DEWA eyes bidders for USD13.6b solar park phase 5
(MENAFN) Dubai Electricity and Water Authority (DEWA) is seeking bidders for the construction and management of stage five of the massive Mohammed bin Rashid Al Maktoum Solar Park.
A Request for Qualification (RFQ) was released by DEWA with an aim to attract developers for the USD13.6 billion project.
The purpose behind the project is producing 1,000 MW over a one-year period and generating 5,000 MW by 2030 from its current 900MW.
DEWA confirmed that "the phase will use photovoltaic solar panels based on the Independent Power Project (IPP) model. It will be commissioned in stages starting from Q2 of 2021."
MENAFN0303201900450000ID1098198473
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