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Dubai to have first private power operators in 2011
Dubai is planning to sign its first contract with private investors…
January 13, 2010 4:15 by kippreport
Dubai is planning to sign its first contract with private investors to generate power and water by mid-2011, Waleed Ali Ahmed Salman, vice president of business development at Dubai Electricity & Water Authority (DEWA) told Bloomberg on Wednesday. DEWA plans to issue a tender for a 1,500-megawatt electricity and water desalination plant in the second half of this year and grant a contract in 15 to 18 months, he said.
DEWA had been planning to have private investors for two to three years, he said, adding that the move wasn’t related to Dubai’s debt repayments. “This is the first time we’re taking such a step,” Salman said. “We’re very optimistic it will succeed.”