DEWA Endorses ACWA Power and Harbin Electric Cooperation

Dubai, UAE, 1 December 2015: HE Saeed Mohammed Al Tayer, MD 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.

HE Al Tayer met with Wang Xiankui, Secretary of the Party Committee of Heilongjiang Province, and HE 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% from gas, 25% from solar power, 7% from clean coal, and 7% from nuclear power by 2030, and to increase the share of clean energy to 75% 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.