Masdar has submitted the lowest bid of $1.62154 cents per kilowatt hour (kWh) for the 1,800MW 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.
Dubai Electricity and Water Authority (DEWA), the main off-taker, received bids from Saudi Arabia’s ACWA Power and Abu Dhabi’s Masdar.
This phase of the solar plant will use photovoltaic (PV) solar panels and is based on the Independent Power Producer (IPP) model.
It will become operational in stages starting from Q4 of 2024.
DEWA has commenced the evaluation of the bids received and aims to select the Preferred Bidder during Q3 2023.
DEWA commenced the procurement process of the 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park by issuing an Expression of Interest (EOI) on 14 September 2022, followed by issuing the Request for Qualification (RFQ) to twenty-three (23) interested bidders on 15 November 2022.
Following a rigorous qualification process, DEWA prequalified seven (7) international bidders to whom the Request for Proposal (RFP) was issued on 30 December 2022.
