Dubai signs an agreement with Aqua Power to increase its energy purchases

The Dubai Electricity and Water Authority (DEWA) signed an amendment to the energy purchase agreement with the Saudi consortium Akwa Power for phase 4 of the Mohammed Bin Rashid Al Maktoum solar power plant. The total capacity of the fourth phase of the project is 700 to 950 megawatts, for a total investment of 16 billion dirhams (4.3 billion dollars).

Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, said: "This step is an important addition to reflect the importance of adopting tools and solutions that enable Dubai to To achieve its development objectives in accordance with international best practices and standards. " The company supports ambitious projects for the future development of various sectors and strengthens the UAE's leadership in sustainable development.

"Clean energy is a strategic option we are developing to support our development ambitions without affecting the environment we protect and preserve for future generations.We are proud of the leadership of the UAE in the construction of 39, an integrated system of clean and renewable energy, "said Sheikh Hamdan Bin Mohammed. One of the cornerstones of this system, which today offers a model to follow at the regional level. "

He commended the successful cooperation between the Dubai Electricity and Water Authority (DEWA) and the consortium led by Aqua Power in Saudi Arabia and the Silk Road Fund, owned by the Chinese government and the Crown Prince of Dubai, in the light of the economic and narrow trade unions uniting the United Arab Emirates. From Saudi Arabia and China.

The project will use three common technologies for clean energy generation: the 600 megawatt parabolic reflector system, the 100 megawatt solar energy tower and the 250 MW photovoltaic panels, the largest investment project in the world. solar energy in the world. In one place, according to the independent product system.

The cost of solar energy concentrated in the project is about 7.3 cents US per kilowatt hour, the least internationally, and includes the construction of the tallest solar tower in the world. at 260 meters and the largest solar storage capacity of 15 hours, the agreement was signed by HE Saeed Al Tayer, Director General of DEWA, ​​and Mohamed Abu Nayan, President of Aqua Power, in the presence of Ishaq Al Hammadi, Managing Director of Aqua Power UAE, and Abdul Hamid Al Muhaidib, CEO of Noor Energy.

Mr. Waleed Salman, Executive Vice President, Development and Excellence, Mr. Nasser Lootah, Executive Vice President, Production, and Mr. Jamal Shaheen Al Hammadi, Vice President, Clean Energy and varied, were also present. These include the Dubai Electricity and Water Authority (DEWA), the Chinese Government's Silk Road Fund, and the Saudi Aqua Power Company to complete the Phase IV project, the Mohammed Solar Complex. Bin Rashid Al Maktoum, which is the main project supporting the strategy for clean energy in Dubai, 5000 m Gawat by 2030, and with an investment of 50 billion dirhams (13.6 billion dollars), which will contribute to his plans to accelerate the transition to the adoption and use of solar energy.

The first phase of the project started with a capacity of 13 megawatts using photovoltaic technology in 2013. The second phase of the production of 200 megawatts of electricity from photovoltaic technology was inaugurated in March 2017. The third phase of the project phase will be operated with 800 megawatts and photovoltaic. 2020.