Monday, 16 April 2018

EPC deal sealed with Shanghai Electric for 700-MW DEWA CSP project

DEWA and ACWA Power, in collaboration with Shanghai Electric, have agreed to undertake the 700 MW thermo-CSP project in Dubai, part of the largest thermo-solar power plant in the world. Once operational, the US$3,786 million project will deliver electricity at a levelised tariff of US$7.30 cents per kilowatt-hour (KWh) – cost-competitive with fossil fuel-generated electricity without subsidy. Debt financing for the project is nearly completed, with ICBC acting as lead arranger.

Subscriber content
  Full content is available only to subscribers
please log in below or subscribe now
Or request to register for a free 14 day trial here