DEWA GETS BIDS FOR HASSYAN IPP.
One of the consortia, led by the Abu Dhabi National Energy Company (Taqa), Japan's Marubeni Corporation, and South Korea's SK E&S, has submitted the lowest bid, according to Taqa spokespeople.
Hassyan 1 IPP will have the capacity to generate about 1,600 megawatts of power, and is located 60 km southwest of Dubai. The project is the first out of six phases of Dubai's electricity privatisation program, whose target is to produce 10,000 megawatts of power.
DEWA said that experts would study the "technical, financial, commercial studies and environmental impact report to assess the bids," and that the winner would be announced in February 2012. The selected bidder will own 49 per cent of the project, while DEWA will retain 51 per cent.
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