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Dubai Electricity and Water Authority (DEWA) has decided to extend the final date of receiving bids for the Independent Power Project of Hassyan-1 till 12th December, 2011.
This request was made by the invited developers who are submitting their bids to develop 1,500 MW in Hassyan. IPP Hassyan 1 is the first power plant in the Emirate of Dubai that will be based on Independent Power Producer (IPP) concept.
No adverse affect
His Excellency Saeed Mohammed Al Tayer, MD & CEO of DEWA, said: "DEWA has received several requests from potential partners, who requested to extend the closing date of submitting the offers to complete their offers in a competitive way. DEWA has granted approval after having made sure that there won't be any adverse affect on the project and therefore on Dubai's needs of electricity due to this change."
"DEWA has organised several visits and workshops with developers and financial institutions. This important step comes within the framework of creating fields of investment that can encourage private sector's participation in strategic projects," HE Saeed Al Tayer added.
The request for proposal (RFP) covers general instructions to the bidder, minimum functional specification, shareholder agreement, power purchase agreement as well as DEWA IWPP Code.
DEWA had invited 18 selected developers to participate in the Hassyan I IPP. The selection of the developers was based on the Statements of Qualification (SOQ) received from 20 developers as responses to the Request for Qualification (RFQ) issued by DEWA and its advisor to 27 developers which showed their interest in the project in last March.