Dubai utility on Sunday met all 18 developers in Dubai for the pre-bid conference for the Hassyan-1 Independent Power Project. The project — Hassyan I power and seawater desalination plant — aims to meet rapidly increasing power and water demand in the emirate. Interest in the project remains strong with attendees coming from Japan. Korea, South East Asia, India, Europe, the USA and the GCC.
Last month, Dubai Electricity and Water Authority, or DEWA, had announced selection of 18 developers to bid for the development of the first facility of 1,500 megawatts in Dubai to be developed by an independent water and power project.
The conference was attended by Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer, DEWA; Abdullah Obeidullah, EVP – Water & Civil Engineering; Waleed Salman, EVP – Strategy & Business Development Division, as well as a big number of DEWA’s employees.
“Efficient, modern and reliable infrastructure has always been one of Dubai’s key strengths and attractions and is a pre-requisite for sustainable economic growth,” Al Tayer said.
As Dubai looks to the future, the Emirate’s development is guided by the ‘Dubai Strategy 2015’, a key theme of which is to build Dubai’s future through prosperous and harmonious partnerships between the public and private sectors.
The existing installed production capacity of DEWA is 8,519 Megawatt and 400 million gallons of desalinated water per day. To enhance this capacity, DEWA earlier this year formed the an independent regulatory authority.
“The Independent Power Programme is an integral part of DEWA’s strategic direction moving forward. We look forward to building a unique and strong relationship with the private sector and adopting the best practices available internationally,” Al Tayer added.
“The successful bidder (being a developer or forming a developer consortium) will ultimately own 49 per cent of a special purpose company, or SPC, which will be formed to own the Hassyan I Project. The balance of 51 per cent will be owned directly or indirectly by DEWA,” Al Tayer said last month.
The project, which is expected to be commissioned in 2014, will be built near Abu Dhabi and use natural gas for fuel.
This type of projects are already operating in other parts of the six-nation Gulf Cooperation Council, including Saudi Arabia, Bahrain, Oman and Abu Dhabi.
The governor of Saudi Arabia’s Electricity and Co-Generation Regulatory Authority Abdullah Al Shehri said recently demand for electricity in the GCC is expected to be more than double to 230,000 megawatts by 2030.