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Independent Power Project - Mohammed Bin Rashid Al Maktoum Solar Park - Phase 3

  • OnGoing Project
  • Dubai
  • Power and Energy

This project forms third phase of the Mohammed bin Rashid Solar Park in Dubai. It will use photovoltaic (PV) solar technology. The project is about Engineering, Procurement and Construction (EPC) contract to build an Independent Power Project (IPP) with capacity of 800MW. If developed as planned in one phase, it would be the largest single PV solar scheme in the world. Client has invited firms to submit bids for an advisory services contract. Financing of Phase 3 of the Mohammed canister Rashid Al Maktoum Solar Park has been finished, as indicated by the Dubai Electricity and Water Authority (DEWA). The venture flaunts a refined money structure that is supported by seven organizations and incorporates Islamic investment. Following the understanding, the third period of the sun oriented influence plant turns into the biggest sustainable power source venture in the Middle East to get Sharia-agreeable financing. The last is said to be one of the quickest developing fragments of the worldwide money related market. Independent Power Producer (IPP) model to assemble the 800MW third period of the Mohammed canister Rashid Al Maktoum Solar Park. It has created worldwide enthusiasm from worldwide business and vitality organizations, which mirrors the trust and enthusiasm from global speculators in substantial ventures received by the Dubai Government. This has been bolstered by the great existing administrative and authoritative systems in Dubai that empower open private organizations. The venture has likewise set a worldwide benchmark in sunlight based duties at a cost of US pennies per kilowatt-hour, a world-record-low tax for sun oriented power age. When finished, the photovoltaic plant will be the biggest of its sort on the planet, and will produce around-million megawatt-long stretches of power per annum. Not at all like customary sunlight based power clusters, the third period of the sun oriented park will utilize tilting boards that track the sun, which will augment output. The Mohammed receptacle Rashid Al Maktoum Solar Park is the biggest single-site sun based park on the planet dependent on the IPP model, and is instrumental to the Dubai Clean Energy Strategy. The sun powered park's generation limit will reach with ventures. It will inevitably spare over huge amounts of carbon emanations consistently, supporting Dubai's targets to advance its maintainable objectives. Companies have until May 03, 2015 to submit proposals. It is understood that tenders for the EPC contract are expected to be issued in July-August 2015.

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