EPC contract inked between Saudi Arabia's ACWA Power and China's Shanghai Electric, the project's main contractor
A contract for the engineering, procurement, and construction of the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has been signed.
Saeed Mohammed Al Tayer, managing director and CEO of Dubai Electricity and Water Authority (DEWA), witnessed the signing of the contract between Saudi Arabia’s ACWA Power and China’s Shanghai Electric, the project’s main contractor.
Last month, Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum gave the go-ahead to commence the fourth phase of the solar park, the largest single-site solar park in the world.
The park is an integral part of the Dubai Clean Energy Strategy 2050 which aims to provide 75 percent of Dubai's total power output from clean sources by 2050.
He said: "With a planned capacity of 5,000MW by 2030, and a total investment of $13.6 billion, the Mohammed bin Rashid Al Maktoum Solar Park seeks to accelerate our diversification into clean energy.
“I would like to use this opportunity to thank everyone, especially our partners in the consortium, comprising Saudi Arabia’s ACWA Power and the Silk Road Fund, and China’s Shanghai Electric as main contractor, for all their work on the fourth phase of the solar park.”
The project will feature the world’s tallest solar tower, measuring 260 metres, and the world’s largest thermal energy storage capacity. It will provide clean energy to over 270,000 residences in Dubai, reducing 1.4 million tonnes of carbon emissions a year.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.