ACWA Power reiterates partnership with Shanghai Electric
Published by Sarah Smith,
Assistant Editor
Energy Global,
ACWA Power has announced the appointment of Shanghai Electric as the engineering, procurement and construction (EPC) contractor for the fifth phase of the Mohammed bin Rashid Solar Park, which follows only 3 months after the PPA signing between Dubai Electricity and Water Authority (DEWA) and the consortium led by ACWA Power.
In a private virtual ceremony, Mr. Mohammad Abunayyan, Chairman of ACWA Power and Mr. Zheng Jianhua, Chairman of Shanghai Electric addressed a gathering of senior delegates and company representatives from both parties, reiterating their commitment to the project and longstanding partnership.
The power purchase agreement (PPA) for the project was signed in April 2020 between Dubai Electricity and Water Authority (DEWA) and ACWA Power, achieving a solar energy tariff of 1.6953 cents per kwh.
With an investment of US$ 564 million, the 900 MW photovoltaic plant is the first utility scale solar PV power plant to operate remotely with zero manpower on site, and is aimed to be delivered by Shanghai Electric in three phases, with a construction period of 12 months on each 300 MWp phase.
The Mohammed Bin Rashid Solar Park will be a key pillar in fulfilling Dubai Clean Energy Strategy 2050 to increase the share of clean energy in Dubai’s total power output to 75% by 2050. The project sets the benchmark for the rest of the world through leveraging the PPP model and carrying forward large-scale, cost-competitive projects.
Read the article online at: https://www.energyglobal.com/solar/29072020/acwa-power-reiterates-partnership-with-shanghai-electric/
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