Saudi Arabia-based ACWA Power has selected Shanghai Electric as the engineering, procurement and construction (EPC) contractor to build the fifth phase of Mohammed bin Rashid Solar Park, to be located near Dubai, UAE.
To be built with an investment of $564m, the 900MW Mohammed bin Rashid Solar Park will be built in three phases, taking up nearly 12 months for each of the 300MW phases. The EPC contract was signed in a private virtual meeting between the parties.
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The solar plant will also be the first utility-scale project, which will operate remotely with zero manpower on site.
The power generated from the Mohammed bin Rashid Solar Park will be sold to Dubai Electricity and Water Authority (DEWA) under a power purchase agreement.
The award of the EPC contract follows less than three months of the PPA signing between DEWA and ACWA Power. As per the PPA, the tariff had been set at 1.6953 cents per kilowatt-hour.
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ACWA Power chairman Mohammad Abunayyan said: “As we move swiftly forward with implementation, the signing of the EPC agreement between ACWA Power and Shanghai Electric represents a crucial milestone in the delivery of Phase 5 of the Mohammed Bin Rashid Solar Park.
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By GlobalData“With their participation, this iconic project will be realized through an international collaboration between the Kingdom of Saudi Arabia, the United Arab Emirates and the People’s Republic of China.
“We are delighted to have been a reliable and trusted partner for DEWA’s ambitious goals and remain committed to building on our strong relationships with both Shanghai Electric and DEWA, leveraging our combined expertise, technical insights and pioneering technologies to create a legacy of success.”
The solar plant is considered to act as a key pillar in fulfilling Dubai Clean Energy Strategy 2050, to increase its share of clean energy in the country to 75% by 2050.
Shanghai Electric chairman Zheng Jianhua said: “ACWA Power and Shanghai Electric are both acknowledged as important participators in the global energy field. The signed 900 MW Photovoltaic Solar Power – Independent Power Project Phase V today would be another milestone in the bilateral cooperative track.
“I hope the upcoming 900 MW Photovoltaic Solar Power – Independent Power Project Phase V would be another benchmark in the region as well as worldwide and a flagship in the One Belt One Road.”
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Officials of AWCA Power and Shanghai Electric during the virtual meeting. (Credit: ACWA POWER.)
