Shanghai Electric and DEWA sign EPC contract for 700 MW CSP project

The Shanghai Electric Generation Group and the Dubai Electricity and Water Authority (DEWA) have signed an engineering, procurement and construction (EPC) agreement for setting up a 700 MW concentrated solar power (CSP) project in Dubai. DEWA will implement the project in collaboration with ACWA Power. The project is part of the fourth phase of the Mohamed Bin Rashid Solar Park, the largest single-site solar park in the world. It entails an investment of AED 14.2 billion and will be majorly funded by the Industrial and Commercial Bank of China, the Bank of China and the Agricultural Bank of China.

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