A consortium of Abu Dhabi National Energy Company, Japan's Marubeni and South Korea's SK E&S Co Ltd is the lowest bidder for the estimated $1.3 billion Hassyan 1 independent power project (IPP), the first of six planned IPPs in Dubai, a Taqa spokesman said on Monday.
"The bidding took place on Monday and negotiations will start next week," the spokesman said.
TAQA (40 percent), Marubeni (40 percent) and SK E&S (20 percent) will together own 49 percent of the project company while Dubai Electricity & Water Authority (DEWA) will own the remaining 51 percent, he said.
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