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FINANCIAL NEWS
Dewa receives 9 applications for power bid
10 Jan 2011
(MENAFN) The Dubai Electricity and Water Authority (Dewa) managing director and CEO, Saeed Mohammad Al Tayer, announced that the company received nine offers from international companies in forms of technical studies for developing clean coal-based power, reported Gulf News.
The CEO said that Dewa had previously announced its plans for meeting rising demand on energy through alternative resources in accordance to the strategy of Dubai’s Supreme Council of Energy. The alternative resource suggested was coal to replace the current use of oil and gas.
Al Tayer explained that the study consists of two phases where the first one consists of a preliminary analysis of the type of technology and coal and sourcing strategy which best suit Dewa’s requirements. The second one would include the development of the conceptual design for this power plant.
The CEO added that selecting a winner for the bid would take place in January and February of 2011.
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