Dubai Electricity & Water Authority (DEWA) selected a contractor that submitted a record low bid to build a 900-megawatt solar power plant in the emirate, reported Bloomberg.
The contractor, which the utility firm’s Chief Executive Officer declined to reveal, bid 1.7 cents per kilowatt-hour for the photovoltaic plant.
Saeed Mohammed Al Tayer, DEWA’s Chief Executive Officer, said that the decision requires a lengthy evaluation before DEWA can publicly announce the winner.
The bid is the lowest price worldwide,” said Al Tayer. DEWA required offers of less than 2.4 cents per kilowatt-hour. The plant will be the fifth phase of a sprawling facility in the desert outside Dubai—the Mohammed bin Rashid Al Maktoum Solar Park—will have five gigawatts of installed capacity by 2030 if DEWA completes it as planned.
Dubai is on track to produce seven per cent of its electricity from solar power by 2020 and targets meeting 75 per cent of its needs from solar and other renewables by 2050.
DEWA awarded a contract for the Dubai solar park’s fourth phase in 2017. ACWA Power International and Shanghai Electric Group Company submitted the lowest offer for that phase, at 7.3 cents per kilowatt-hour.