DEWA to tender 3rd phase of solar park in 6 weeks

Updated 08 February 2016
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DEWA to tender 3rd phase of solar park in 6 weeks

DUBAI: The Dubai Electricity and Water Authority will launch a tender to build the third phase of the Sheikh Mohammed bin Rashid Al-Maktoum Solar Park in six weeks, its CEO said.
“Within a short period, we will open the tender, within a month and a half,” Saeed Mohammed Al-Tayer said.
“The award of this contract will be this year, according to the program, in June — 800 megawatts will be awarded.”
DEWA said in September it would start accepting expressions of interest for the plant. Tayer did not give a figure for the cost of the project.
Dubai doubled the capacity of the second phase of the solar park from 100 MW to 200 MW after receiving the lowest-ever recorded cost for solar power in a tender won by Saudi Arabia’s ACWA Power and Spain’s TSK.


Boeing profit falls 21% after 737 MAX groundings

Updated 7 min 21 sec ago
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Boeing profit falls 21% after 737 MAX groundings

  • Boeing’s core earnings fell to $1.99 billion, or $3.16 per share

Boeing reported a 21 percent fall in first-quarter profit on Wednesday and suspended its 2019 outlook as the world’s largest planemaker worked to get its 737 MAX jets back in the air after two deadly accidents.
The company said it would be issuing a new forecast in the future when it has more clarity around the issues surrounding the 737 MAX.
Excluding certain items, Boeing said its core earnings fell to $1.99 billion, or $3.16 per share, in the quarter ended March 31 from $2.51 billion, or $3.64 per share, a year earlier.