Dubai Electricity & Water Authority (Dewa) has received around 12 bids to provide advisory services on its first independent water and power project.

Consultancy groups had until 8 March to submit bids following an extension of the deadline (MEED 18:2:10).

The call for advisers follows Dewa’s decision to cancel its plans to develop the Hassyan power and water project through direct funding in December 2009.

Once advisers are appointed, they will help Dewa find funding for the project. This stage will likely take a long time as developers and financiers continue to seek assurances over credit risk.

A federal government guarantee has been called for by one of the potential bidders in the tender.