UAE- DEWA endorses ACWA Power and Harbin Electric cooperation

12/1/2015 3:46:45 AM

(MENAFN- Emirates News Agency (WAM))

DUBAI 1st December 2015 (WAM) --- Saeed Mohammed Al Tayer Managing Director and CEO of Dubai Electricity and Water Authority DEWA is leading a delegation to China to endorse the cooperation between ACWA Power and Harbin Electric to build the Hassyan clean coal power plant.

Al Tayer met with Wang Xiankui Secretary of the Party Committee of Heilongjiang Province and Mohammad Abunayyan Chairman of ACWA Power Chairman of ACWA Power and and Waleed Salman EVP-Strategy and Business Development at DEWA.

"The Hassyan Clean Coal project which is an ambitious and strategic project for Dubai and the UAE based on the Independent Power Producer model (IPP) reflects our efforts to diversify Dubai's energy mix and supports the Dubai Clean Energy Strategy to include 61 percent from gas 25% from solar power 7 percent from clean coal and 7 percent from nuclear power by 2030 and to increase the share of clean energy to 75 percent by 2050" said Al Tayer.

"This unique project has received wide international participation reflecting the trust and confidence of international investors to invest in Dubai Government's major energy projects" added Al Tayer.

"The first phase of the project comprises two units of 600 MW each and will be operational by March 2020. I wish the ACWA Power and Harbin Electric consortium success in delivering our project on time and I reiterate the collaboration with our Chinese and Saudi counterparts in trade and investment opportunities through joint work teams and strategic projects in energy sector" said Al Tayer.

WAM/Ahlam/tfaham

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.