Dubai's utilities sector attracts $11bln worth of PPP investments | ZAWYA MENA Edition:
Dubai’s utilities sector has attracted investments totalling nearly 40 billion UAE dirhams ($11 billion) through the public-private partnership (PPP) route, according to the Dubai Electricity and Water Authority (DEWA).
The Dubai utility said in a statement that investments were routed through the Independent Power Producer (IPP) model.
DEWA is using the IPP model to develop solar power projects within the largest single-site solar park in the world. The Mohammed bin Rashid Al Maktoum Solar Park has a planned capacity of 5,000 megawatts (MW) by 2030 with investments up to 50 billion dirhams ($13.6 billion).
DEWA MD and CEO Saeed Mohammed Al Tayer said DEWA had achieved the lowest global solar power prices five times in a row through the IPP model.
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