Approximately eight bids were received by DEWA for IPP advisory services for the project, which is developed in line with the vision of UAE Vice President and Prime Minister Sheikh Mohammad Bin Rashid Al Maktoum, to promote the sustainable development of the Dubai, and to complement the Dubai Integrated Energy Strategy 2030.
Outlined by the Dubai Supreme Council of Energy, the Dubai Integrated Energy 2030 seeks to enhance Dubai’s strategic efforts to secure sustainable energy and improve demand efficiency by diversifying energy sources, namely natural gas 71%, nuclear energy 12%, clean coal 12%, and solar power 5%, in addition to reducing energy demand by 30% by 2030.
DEWA MD and CEO Saeed Mohammed Al Tayer said the advisory service for IPPs marks a significant step in the implementation of the energy diversification strategy adopted by the Dubai Supreme Council of Energy, in which clean coal based electricity generation is set to become part of Dubai’s energy portfolio.
”The scope of the advisory service includes reviewing existing legislation and regulatory frame work, recommend and amend it if required, IPP tender preparation, tendering and evaluation, negotiation, signing PPA and financial closure with IPP developer.”Al Tayer added.
”The scope also includes the preparation of project marketing plan, and participating in the marketing activities, local and international road shows, workshops and training on the IPP concept.”
The Hassyan project will use clean coal as feedstock for electricity generation, and the first phase having 1200MW capacity is expected to be operational by 2020.
