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Dubai awards $3.9 bln solar energy contract to Shanghai Electric, ACWA Power

Dubai awards $3.9 bln solar energy contract to Shanghai Electric, ACWA Power
From Reuters - September 16, 2017

DUBAI (Reuters) - Dubais state energy utility awarded a $3.9 billion contract to build and run a 700 megawatt solar power plant to a consortium comprising Shanghai Electric and Saudi Arabias ACWA Power, the government said on Saturday.

The project will feature a 260-metre (850-foot) tower receiving focused sunlight, the worlds tallest such tower, the government said. The consortium bid to supply electricity to Dubai for 7.3 U.S. cents per kilowatt hour.

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