DEWA CEO Saeed Mohammed Al Tayer said that the best offer will be selected following completion of technical and commercial aspects review. The lowest bidder offers $2.99 cents per kilowatt hour.

DEWA had issued a request for the expression of interest (EOI) for the third phase of the solar park in September 2015 following which request for proposals (RFP) were floated to qualified bidders in December 2015.

Al Tayer added: "DEWA is able to keep up with developments in energy and has demonstrated its flexibility to do so.

The solar project is a part of the Dubai Clean Energy Strategy 2050, which aims to generate 7% of total power from clean energy sources by 2020. The target will increase to 25% by 2030 and 75% by 2050.

Planned to be completed by 2030, the 5,000MW Mohammed bin Rashid Al Maktoum solar park is estimated to cost $13.6bn. The project is expected to help in cutting down CO2 emissions of about 6.5 million tons per annum.

In January 2015, a consortium of ACWA Power and TSK was selected by DEWA for the development of a 200MW phase II of the solar park.

First Solar developed the 13MW first phase of the Mohammed bin Rashid Al Maktoum project.

Image: DEWA CEO Saeed Mohammed Al Tayer. Photo: courtesy of Dubai Electricity and Water Authority.