Dubai: Saeed Mohammad Al Tayer, managing director and chief executive officer of Dubai Electricity and Water Authority (Dewa), on Thursday signed a Power Purchase Agreement (PPA) and a Shareholder Agreement for the second phase of the Mohammad Bin Rashid Al Maktoum Solar Park with Mohammad A. Abunayyan, Chairman of ACWA Power and representative of the ACWA Power- and TSK-led consortium to produce 200MW from photovoltaic solar power. The project is meant to strengthen the position of Dubai as a global hub for trade, finance, tourism, sustainability, and green economy and an international role model for achieving the highest standards in energy efficiency.