DEWA Signs Power Purchase Agreement with Masdar

  Dubai Electricity and Water Authority (DEWA) has signed a Power Purchase Agreement (PPA) with Abu Dubai Future Energy Company (Masdar), for the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.

  The agreement was signed by Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Dr Sultan Ahmed Al Jaber, UAE Minister of State and Chairman of Masdar, with Mohamed Jameel Al Ramahi, CEO of Masdar also present.

  The signing ceremony was attended by DEWA staff including Waleed Salman, Executive Vice President of Strategy and Business Development, Nasser Lootah, Executive Vice President of Generation, Hussain Lootah, Executive Vice President of Transmission Power, Khawla Al Mehairi, Vice President of Marketing and Corporate Communications and Jamal Shaheen Al Hammadi, Vice President of Special Projects.

  Earlier this year, DEWA proclaimed the Masdar-led consortium as selected bidder for the third phase of the solar park. The consortium bid the lowest cost of electricity.

Source: http://www.electricalindia.in/blog/post/id/13664/dewa-signs-power-purchase-agreement-with-masdar