Why Shanghai Electric won EPC contract for Dubai 700MW concentrated solar power project?
2018.04.17 From: CSP Focus光略咨询
Shanghai Electric, a Chinese leading energy and manufacturing corporation, was officially awarded the EPC contract for Dubai 700MW CSP Phase 4 of the Mohammed bin Rashid Al Maktoum Solar Park earlier on April 13th in Shanghai, China. With the total investment of USD 4 billion, the Dubai 700MW CSP plant is the world biggest CSP project.
Obviously, the “star” Dubai CSP project is catching the eyes of global energy industry players. When asked about the reasons why it was ACWA Power and Shanghai Electric consortium winning the project, Mr. HE Saeed Mohammad Ahmad Al Tayer, Managing Director & CEO of Dubai Electricity & Water Authority (DEWA) explains, “Firstly, both ACWA Power and Shanghai Electric own the most advanced technology and quite experienced in energy sector, and secondly, the price they offer, USD 7.3 cents/kWh, is quite competitive for cost control.”
To get the newest information of Dubai 700MW CSP project and communicate with the project key players, you are welcomed to join the upcoming CSP Focus MENA 2018 event in Marrakech, Morocco during June 27-28, which will be the can’t missing gathering for CSP industry players watching Middle East & North Africa region.
Mr. Zheng Jianhua, Chairman of Shanghai Electric Group says, “Thanks to long-term and careful preparation, Shanghai Electric is able to win the world biggest CSP plant though facing quite fierce competition. The success of taking the Dubai 700MW CSP project shows great power of Chinese energy companies like Shanghai Electric.”
Overview of Dubai 700MW CSP Project
Capacity: 700MW in total, 1*100MW molten salt tower plant + 3*200MW thermal oil parabolic trough plants
Thermal Energy Storage: 15-hours molten salt thermal energy storage for each plant
Tower: 260 meters high
PPA: USD 7.3 cents/kWh for 35 years
Total Investment: USD 3.86 billion/ AED 14.2 billion (51% from DEWA, 49% from ACWA Power and China Silk Road Fund)
Project owner: DEWA
Developer: ACWA Power
EPC: Shanghai Electric
Tower Technology: BrightSource Energy
Parabolic Trough Technology: Abengoa Solar
Operation: NOMAC, ACWA Power
Mr. Zheng Jianhua confesses that the project, as the world “biggest” and “tallest”, is really a great challenge and will inevitably face some problems and risks. At the same time of reaching “the best”, the project should also be completed in time so as to produce power for the Dubai EXPO in 2020.
However, Zheng continues, “We made sufficient evaluation on the potential challenges and risks, and was confident to offer such a low price. Frankly speaking, making profit is not the priority, from the perspective of strategy, we would like to establish the brand in Middle East, so as to get more opportunities in future similar projects. ”
The Dubai CSP project awards Shanghai Electric the 1st EPC contract in big-scale energy sector, and a milestone for Shanghai Electric, a representative of Chinese high-level manufacturers, to step into renewable energy.
Relevant CSP Conference：CSP Focus MENA 2018（June 27-28,Marrakeck Morocco）
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