Dubai Electricity and Water Authority (DEWA) has invited eighteen power developers to a pre-bid conference for the Hassyan 1 Independent Power Project, held at Dubai’s Grand Hyatt Hotel.
The potential bidders attending the event came from Japan, Korea, South-East Asia, India, Europe, the USA and the GCC.
This conference was attended by H.E. Saeed Mohammed Al Tayer, MD & CEO of DEWA, Abdullah Obeidullah, EVP – Water & Civil Engineering, Waleed Salman, EVP – Strategy & Business Development Division, as well as DEWA’s employees.
H.E. Saeed Mohammed Al Tayer MD & CEO of DEWA stated: “The existing installed production capacity is 8519MW and 400 million gallons of desalinated water per day. To enhance this capacity, earlier this year, DEWA has set up an independent regulatory authority, has issued the Law No 6 (2011) and amended the DEWA decree in order to facilitate and encourage public-private partnerships in the power and water sectors.”
The Hassyan 1 Project, which will be 51%-owned by DEWA, is the first project under the Independent Power Programme launched by DEWA on May 22, 2011. Bidders have been invited to design, finance, construct and operate a new 1500MW gas-fired power plant which will be commissioned in phases from November 2014 to 2016.
Tenders are due to be submitted on October 18, 2011 and the selected bidder will be announced by the end of the year.
