The capacity of DEWA’s current projects with the private sector using the Independent Power Producer (IPP) model exceeds 4,000 megawatts (MW), with investments amounting to over AED40 billion, Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), said on Sunday.
IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects.
The IPP model, Al Tayer said, encourages partnership between the public and private sectors.
Using this model, DEWA has developed a new benchmark for solar energy prices for every kilowatt hour, thus making Dubai a global benchmark for solar energy prices.
Al Tayer added that the regulatory and legislative frameworks in Dubai enable the private sector to participate in energy generation projects in the emirate of Dubai and encourage international investors and developers to participate in the projects at the Mohammed bin Rashid Al Maktoum Solar Park, which is implemented by DEWA using the IPP model.
“Previously, DEWA adopted the EPC model (Engineering, Procurement and Construction) for our power generation projects,” Al Tayer explained. “Since 2014, DEWA has pioneered the IPP project management and implementation model.”
DEWA’s key projects using the IPP model include Mohammed bin Rashid Al Maktoum Solar Park, Hassyan Power Complex and Hassyan Desalination Plant.