Mohammed bin Rashid Al Maktoum Phase II 200MW IPP

Overview:

• Mohammed bin Rashid Al Maktoum Phase II 200MW IPP.
• The development is part of the wider project, which stands as the largest single-site project of its kind in the world. It will generate 1000MW by 2020 and 5000MW by 2030.
• Phase II is due to be completed in April 2017, will occupy 4.5 square km of land and will achieve a reduction of approximately 400,000 tons of carbon emissions by 2020.
• The project is being developed by ACWA Power and TSK International.
• The project is the first private sector solar plant in Dubai and is part of the Dubai Integrated Energy Strategy 2030, a plan to diversify the Emirate's energy mix.
• First Gulf Bank, Samba Financial Group and The National Commercial Bank are acting as lenders on the financing.
• Legacy firm Chadbourne & Parke advised ACWA Power.

Sam Duke - Editor