DEWA Investment of $10 Billion for Electricity and Water Projects

Dubai Electricity and Water Authority (DEWA), announced its plans to invest on capital expenditure in the next five years including the expansion of renewable and clean energy projects.

DEWA is committed to the ‘Projects of the 50’, part of the leadership’s directives, to enhance cooperation between the public and private sectors and provide promising investment opportunities.

DEWA's investments will focus on the expansion of electricity and water transmission, the completion of the Independent Power Producer (IPP) projects in the Mohammed bin Rashid Al Maktoum Solar Park, the Hassyan Power Complex and the Independent Water Producer (IWP) projects.

In addition, DEWA will conclude other ongoing projects in infrastructure and smart systems.

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At the same time, the Emirates Central Cooling Systems Corporation (Empower), which is 70% owned by DEWA, plans to spend around AED 3 billion mainly to expand district cooling capacity and network to meet demand growth for district cooling services.

“We are working in line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE to provide an advanced infrastructure that meets the requirements of sustainable development", HE Saeed Mohammed Al Tayer, MD & CEO of DEWA said.

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