DEWA lifts annual budget to $6.2bn in 2015
Total budget of AED 22.873 bn ($6.2 bn), up from AED20.560bn in 2014.
Dubai Electricity & Water Authority (DEWA) has approved a total budget of AED 22.873 bn ($6.2 bn) for 2015, up from AED20.560bn in 2014.
The new budget will ensure a reliable supply of electricity and water to meet Dubai's development plans in all its operations, the state utility said in a statement.
The budget will also enable DEWA to adopt the "best and latest technologies across all its operations", it added.
Saeed Mohammed Al Tayer, managing director and CEO of DEWA, said around AED8.28 bn has been assigned for capital purchases and projects, compared with AED7.057 bn in 2014.
The 2015 budget includes a number of key projects, the most prominent of which is increasing production capacity of the electricity generation and water desalination plant at K-Station in Jebel Ali by adding two gas turbines to generate 500MW.
The production capacity of the electricity and water generation plant at M-Station in Jebel Ali will also be increased by 700 MW.
Other projects include building 12 new 132kV substations, extending 272km of 132kV cables, other power transmission and distribution projects, and smart communication networks.
Al Tayer added that AED590 million has been allocated to water network projects including water reservoirs and transmission networks. This includes extending new networks and introducing a district metre system to monitor leakage and reduce water losses.
Dewa’s operational budget for 2015 is AED13.465 bn, compared to AED13.151 bn in 2014 while the administrative capital budget has also been increased to AED1.380 bn in 2015 from AED352 mn in 2014.
DEWA's current installed capacity is 9,656MW of electricity and 470 MIGD of desalinated water. Peak demand for electricity reached 7233MW in 2014, which means there is a reserve margin of approximately 2423MW.
Water peak demand in 2014 reached 316 MIGD, with a reserve margin of 154 MIGD, DEWA added.