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95 investors interested in DEWA's 800 MW solar project (EAU)

The Dubai Electricity & Water Authority (DEWA) has received 95 Expressions of Interest (EOI) for the third phase (800 MW) of its US$3.3bn Mohammed Bin Rashid Al Maktoum solar power projects in the United Arab Emirates. DEWA will now prepare the Request for Qualification (RFQ) documents and is expected to release the project's tender before the end of 2015.

The project, developed on the Independent Power Producer (IPP) model, is developed in three phases, with the first one of 13 MW commissioned in 2013. The second phase of 200 MW will be commissioned by 2017. The third phase is expected in 2018. In the long term (by 2030), the park's capacity could be raised to 3,000 MW.

Dubai aims to raise the share of renewable energies in its power mix to 7% by 2020 and 15% by 2030. The Dubai Integrated Energy Strategy 2030 seeks to diversify energy sources to include 71% from natural gas, 15% from solar energy, 7% from clean coal, and 7% from nuclear power.

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