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Latest News

Dubai extends power plant bid date to Dec. 12

The winning developer will own 49 percent of a special purpose company that will own the Hassyan I Project, with the rest held by DEWA.

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September 22, 2011 3:39 by



Dubai Electricity and Water Authority has extended the deadline for bids to build its first Independent Power Project (IPP) from mid October to Dec. 12, on the request of the prospective developers, DEWA said on Thursday.

“DEWA has received several requests from potential partners …to extend the closing date,” DEWA Chief Executive Mohammed Al Tayer said in a statement.

“DEWA has granted approval after having made sure that there won’t be any adverse affect on the project and therefore on Dubai’s needs of electricity due to this change.”

The 1,500-megawatt Hassyan-1 is the first power plant in the emirate of Dubai that will be built under based on Independent Power Producer (IPP) concept.

The winning developer will own 49 percent of a special purpose company that will own the Hassyan I Project, with the rest held by DEWA.

Final bids had been due by Oct. 18.

(Reporting by Daniel Fineren; editing by Jason Neely)



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