Dubai Electricity & Water Authority (Dewa) announced on 21 November that a consortium grouping Saudi private energy developer Acwa Power and the Gulf Investment Corporation (GIC), jointly-owned by the GCC governments, is the preferred bidder for the 900MW fifth phase of the MBR Solar Park.

Dewa revealed in October that it had received a new world record electricity price bid of US¢1.6953/kWh for MBR phase 5, putting Dubai back in the lead of a race against Abu Dhabi and Saudi Arabia to new regional solar pricing lows (MEES, 18 October). (CONTINUED - 148 WORDS)