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DEWA increases budget to $5.5bn

DEWA's 2014 budget has gone up to $5.5bn

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DEWA's CEO Saeed Mohammed Al Tayer
DEWA's CEO Saeed Mohammed Al Tayer

Dubai Electricity and Water Authority (DEWA) has revealed it has increased its budget by $1.8bn (AED6.7bn) for 2014 to pay for projects and purchases.

DEWA's 2014 budget has gone up from $3.7bn (AED13.835bn) in 2013, to $5.5bn (AED20.56bn).

"Expenditures on projects and purchases will reach $1.9bn (AED7.057bn)," said DEWA's CEO Saeed Mohammed Al Tayer.

"These include such important projects like the project to generate power by using clean coal, produce power from solar energy, expansions of the M-Station for power generation and water desalination at Jebel Ali, consultancy services for introducing two gas turbines and connecting them to the 400kv D-Station, the project to increase production capacity of 4 gas turbines at K-Station, projects to establish main power substations, laying cables, setting up control systems and fit-outs for 11kv networks, as well as the smart grid infrastructure and smart meters."

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