DEWA sets 2013 budget at $3.8bnby Adam Lane on Jan 6, 2013
Dubai Electricity and Water Authority (DEWA) has announced that its budget for 2013 is estimated at US $3.766 billion. This figure includes more than $300 million for capital projects and purchases, as well as $3.41 billion as its operating budget.
“The total combined production capacity at the end of 2012 is 9646 MW of electricity, and 470 MIGD of water. During the last year the peak power load reached 6637 MW with a reserve margin exceeding 3,000 MW. On the other hand, the peak demand for water during 2012 was 285 MIGD with a reserve margin estimated at 185 MIGD of water. These reserve margins will contribute to the fulfillment of the power and water requirements of the recently announced prestigious mega-development projects, such as the Mohammed Bin Rashid Garden City project, among others,” said DEWA CEO and MD, H.E. Saeed Mohammed Al Tayer.
Funds of $55.5 million have been set aside for 132kV cable laying at various Dubai locations, whilst $14 million is set to be spent on the installation of distribution substation equipment and low voltage cables. Some $76.5 million will be spent on the development of Dubai’s water transmission and distribution networks.