Arabian Business reported that Dubai Electricity and Water Authority would announce the winning bid for its first private power plant project in February next year.

DEWA said that it has received four bids from international consortia to construct the Hassyan 1 Power Project with the capacity of 1,600 MW. The first consortium is led by Abu Dhabi's TAQA, Marubeni Corporation, SK E&S Company Limited while the second consortium is led by GS Engineering & Construction Corporation.

The International Company for Power & Water Projects, KEPCO and Samsung C&T comprised the third consortium and the fourth consortium comprises QEWC, QPI and Siemens Project Ventures.

A TAQA spokesperson said that its consortium was the lowest bidder for the estimated USD 1.3 billion project. The selected bidder will own 49% of the project while DEWA will retain 51%.

DEWA said that this will provide for the future energy needs of the Emirate of Dubai and takes into consideration all the procedures that can conserve and protect the environment. We expect to conclude the assessment of these four bids by February 2012 after which the winner will be announced.

(Sourced from Arabian Business)