Dubai Electricity & Water Authority (Dewa) has received proposals from five consultants for the lead advisory role on the planned third phase of its Hassyan coal-fired power project.

US-based Deloitte submitted the lowest bid of AED4.98m ($1.36m), which was about 36 per cent lower than the second-lowest bid of AED7.74m, offered by Austria’s ILF Consulting Engineers.

The Netherlands’ KPMG submitted the third-lowest bid of AED7.996m.

The full list of bidders and prices is:

• Deloitte (US), AED4.98m
• ILF Consulting Engineers (Austria), AED7.74m
• KPMG (Netherlands), AED7.996m
• PwC (UK), AED8.4m
• EY (UK), AED11.9m

The third phase of the Hassyan coal scheme will be developed under an independent power producer (IPP) model, and is expected to have a capacity of 1,200MW. When completed, the Hassyan coal project is scheduled to have a total capacity of 3,600MW, with 2,400MW currently under construction.

In June 2016, a consortium led by Saudi Arabia’s Acwa Power and China’s Harbin International was awarded the contract to develop a 2,400MW clean-coal-fired plant at the Hassyan site. Financial close for the $3.4bn project was reached in September 2017.

The shareholders in the project company for the first 2,400MW are:

• Dewa (51 per cent)
• Acwa Power (27 per cent)
• Harbin International (14.6 per cent)
• Silk Road Fund (Chinese sovereign wealth fund) (7.4 per cent)