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ABB bids for UAE energy projects worth USD 700 million

Company official says price drop and technology advancements have driven up solar energy demand

| | Mar 19, 2018 | 10:22 am
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Dubai, UAE, 19 March 2018: ABB is bidding for nearly USD 700 million worth of power projects in the UAE, said Mostafa Al Guezeri, Managing Director UAE, Gulf and NE, ABB.

Sharing details of the projects, Al Guezeri said, “The projects include a 132 kV substation of the Dubai Electricity and Water Authority (DEWA), construction of a solar plant with ACWA Power, expansion projects of the Abu Dhabi National Oil Company (ADNOC) and multiple projects owned by the Abu Dhabi Water and Electricity Authority (ADEWA).”

Al Guezeri added that ABB is also involved in developing a 400 kV substation at the Mohammed bin Rashid Al Maktoum Solar Park.

Explaining the increased focus on solar energy in the GCC region, Al Guezeri cited price drop and technological advancements as the prime reasons for an increase in the demand for solar energy.

 


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