DEWA outlines $2.5bn investment plan
Dubai utility to splash huge sums on power and water projects.
Dubai Electricity and Water Authority (DEWA) is investing AED 55.2 bn ($2.5bn) in power and water infrastructure over the next five years.
Including this year DEWA will spend AED 31.6 bn on power production, AED 8.6 bn on transmission and AED 9.4 bn on distribution.
A further AED 5.6 bn will be invested in the water sector over the period.
“We have a clear plan for financing our projects and expansion plans based on the economic viability and importance of the projects we plan or adopt,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
“Our goal is to achieve the highest standards of productivity, efficiency and financial performance.”
By the end of last year, DEWA completed 19 main power stations with a capacity of 400 kV and 194 substations of 132kV.
The water transfer network has reached a total length of 1,404 km across Dubai.