Dubai Electricity and Water Authority (Dewa) has signed power purchase and shareholder agreements with Saudi firm Acwa Power and Chinese state firm Harbin Electric for a 2.4GW coal-fired power plant, to be developed on a build-own-operate basis using the independent power producer (IPP) investment model.
Dewa will receive electricity from the Hassyan-1 plant over 25 years, with Acwa and Harbin required to secure coal feedstock. Dewa originally intended Hassyan-1 to have 1.2GW capacity: Acwa’s successful bid doubles the originally specified capacity. (CONTINUED - 300 WORDS)
