Dubai extends power plant bid date to Dec 12
Dubai, September 23, 2011
Dubai Electricity and Water Authority (Dewa) said it has extended the deadline for bids to build its first Independent Power Project (IPP) from mid October to December 12 on the request of the prospective developers.
"Dewa has received several requests from potential partners to extend the closing date," chief executive Mohammed Al Tayer said in a statement on Thursday.
"Dewa has granted approval after having made sure that there won't be any adverse affect on the project and therefore on Dubai's needs of electricity due to this change."
The 1,500-megawatt Hassyan-1 is the first power plant in the emirate of Dubai that will be built under based on Independent Power Producer (IPP) concept.
The winning developer will own 49 percent of a special purpose company that will own the Hassyan I Project, with the rest held by Dewa. Final bids had been due by October 18.-Reuters
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