Dubai Electricity and Water Authority (DEWA) announced the ACWA Power and Harbin Electric consortium as the Preferred Bidder for the first phase of the 1,200 MW Hassyan Clean Coal Power Project. The consortium bid a Levelised Cost of Electricity (LCOE) of 4.501 cents/KWh based on May 2015 coal prices. The Hassyan clean coal power plant project will be implemented using the IPP model on a build own operate (BOO) basis and DEWA will be the major stakeholder with 51% share in the company that will be established.

The project is supported by a 25-year Power Project Agreement (PPA). The bidder has been required to put in place arrangements for the assured delivery of coal to the project over the life of the agreement. The first phase of the project comprises two units of 600 MW each and will be operational by March 2020 and March 2021 respectively.