10 March 2010 – UAE’s Dubai Electricity and Water Authority (DEWA) has received 14 bids out of the 42 firms that have sought the tender documents for the 1500 MW Hassyan IPP project, the Emirate’s first power project involving private investment.
According to Emirates Business, the utility will evaluate the bids over the next six to eight weeks and plans to finalize the consultant in May. Thereafter, the chosen consultant will spend four to five months in preparing the project specifications.
DEWA is expected to award the contracts for the 1500 MW and 120 MIGD plant by the end of this year or early 2011. “The amount of bids we received is fair enough,” the source said. “All the dates are tentative but by the end of the year we may finalize the project contractor.”
DEWA has deferred the old Hassyan project twice in the past two years due to pricing issues. The first phase, which is now in the process of being privatized, is about Dh8bn (with commissioning slated in the first quarter of 2014.