Page 12 - RSB Annual Report 2019 English Final

EXECUTIVE SUMMARY Electricity Generation The Mohammed Bin Rashid Al Maktoum Solar Park saw an addition of 300MW of solar PV to its production capacity in 2019, bringing the park’s operational capacity to 715MW. 300 MW 2019 KWh for the 900MW fifth phase of the Solar Park through a partnership with a consortium led by ACWA Power and Gulf Investment Corporation. The plant is planned to become operational in stages starting in the second quarter of 2021. As for smaller scale projects, three new licences were granted to captive plant supplying two factories and a dairy farm. Al Khaleej Sugar, one of the world’s largest sugar producers, received a generation licence in April. In October the RSB granted a generation licence to National Cement Company and a month later the year’s third licence was granted to Al Rawabi Dairy Company. Taken together, the five licences granted to date to industrial customers amount to 38MW, and all involve the joint production of heat and power. US¢ /KWh 12 RSB 715MW park’s operational capacity DEWA achieved a world record bid of US1.70¢/ 1.75 industrial customers licensed to date MW