(MENAFN- Khaleej Times) Dubai Electricity & Water Authority, or Dewa, said on Wednesday it has deferred its $1.3 billion Hassyan independent power project, as it was able to boost existing production capacity and improve conservation to meet growing demand.
The decision follows a comprehensive review of Dewa plans to deliver "all future demands for power and water in a timely manner, as per the best international standards and practices in this field," the utility said in a statement.
"These plans are in alignment with the Dubai Strategic Plan and the Dubai Integrated Energy Strategy 2030 formed by the Supreme Council of Energy, and in accordance with Dewa's strategic plan to provide these supplies at world-class levels of efficiency, reliability and safety, while protecting the environment, while sustaining natural resources," the company said.
In December, Dewa said it had received four bids from international consortia competing for the contract to build the first phase of Hassyan, which is the first independent power project in the emirates.
The plant has been designed to have a capacity to generate about 1,600 megawatts of power. Major companies in the four consortia that bid for the project included Abu Dhabi's Taqa, Marubeni Corporation, SK E&S Co. Ltd; GS Engineering & Construction Corp, the International Company for Power & Water Projects, Kepco, Samsung C&T, QEWC, QPI, and Siemens Project Venture.
Dewa was expected to announce the winning bid for Hassyan in February.
The utility said it had succeeded in raising the efficiency and production capacity of its existing power plants at Jebel Ali Power Station by around 450 mega watts, by innovation and use of the latest technologies, for a fraction of the costs of installing new generating units of the same capacity.
Dewa also succeeded in reducing line losses in its electrical network to 3.49 per cent in 2011, down from 6.28 per cent in 2001 by adopting "the best international technical standards and practices in power system planning, design, construction and operation," the statement said.
"Amongst numerous benefits, the line loss reduction will reduce the requirement for building new power plants. These energy savings will partially offset existing demand," it said.
The utility is currently implementing the first Solar Power Plant phase of the Mohammed Bin Rashid Al Maktoum Solar Power Park, which is due to commence operations by the end of 2013.
Dewa also has implemented a range of demand-management initiatives to ensure sustainable development. In 2011, Dewa reduced power-demand growth to just three percent net consumption growth, down from the six per cent projected consumption growth.
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