Dubai, July 20 (BNA) The Dubai Electricity and Water Authority (DEWA) has announced plans to invest 40 billion dirhams in capital spending in the next five years, including the expansion of renewable and clean energy projects.
Saeed Mohammed Al Tayer, CEO of the Dubai Electricity and Water Authority, said that the authority plans to invest about 16 billion dirhams to strengthen and expand electricity and water transmission and distribution networks, and about 12 billion dirhams to complete the Independent Power Producer (IPP) projects in the Mohammed bin Rashid Al Maktoum Solar Energy Complex. .
Hassyan Independent Water Producers and Power Producers (IWP) Complex project in Hassyan, complementing other ongoing Dubai Electricity and Water Authority projects in infrastructure and smart systems.
Emirates Central Cooling Systems Corporation (Empower), which is 70% owned by Dubai Electricity and Water Authority, plans to spend around AED 3 billion mainly to expand district cooling capacity and network to meet the growth in demand for district cooling services.
Al Tayer said, “DEWA will continue to invest and enhance renewable energy generation capacity, through informed plans based on the latest tools to foresee the future, in order to meet the increasing demand for electricity and water.”
We provide our services with the highest levels of quality, availability, reliability and efficiency and will keep pace with the rapid growth of Dubai in all areas. Our plans will enhance Dubai’s position as an advanced model that provides a conducive and supportive environment for investments.”
ZHB