#Dubai Utility Gets Record Low Bid to Build Solar-Power Plant - Bloomberg

Dubai Utility Gets Record Low Bid to Build Solar-Power Plant - Bloomberg:

Dubai Electricity & Water Authority selected a contractor that submitted a “record” low bid to build a 900-megawatt solar-power plant in the emirate, Chief Executive Officer Saeed Mohammed Al Tayer said.

The contractor, which Al Tayer declined to identify, bid 1.7 cents per kilowatt-hour for the photovoltaic plant. The decision requires a lengthy evaluation before DEWA can publicly announce the winner, he said Sunday in an interview.

The bid “is the lowest price worldwide,” Al Tayer said. DEWA required offers of less than 2.4 cents per kilowatt-hour. The plant will be the fifth phase of a sprawling facility in in the desert outside Dubai -- the Mohammed bin Rashid Al Maktoum Solar Park, which will have 5 gigawatts of installed capacity by 2030 if DEWA completes it as planned.