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70% of Dubai's power to come from gas: DEWA

by Michael Palmer on Apr 14, 2011

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70 per cent of Dubai's generating capacity will come from natural gas. (Getty Images)

70 per cent of Dubai’s power is to come from natural gas, with the rest sourced from coal, nuclear energy and renewable resources, the chief of Dubai Electricity and Water Authority has said in a report by Arabian Business.

Speaking at a news conference, DEWA’s CEO Saeed Mohammed Al Tayer said that the state-owned utility will issue a tender for private investment in a new power plant project by early May, and is expected to name a consultant to develop a clean coal power generation plan for the Emirate.

He also said that DEWA has no need to seek additional financing this year, and will decide on the means of paying for an expansion of its power distribution network as the need arises, considering using sukuk or syndicated loans.

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