DEWA unveils US$ 15 bn five year investment plan across power and water sectors
Posted on 5th August 2014
The Dubai Electricity and Water Authority (DEWA) revealed plans to invest AED 55.216 billion (US$15 billion) across different sectors over the next five years, according to reports in ConstructionWeekOnline.com. According to HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, the company has earmarked AED 31.605 billion (US$8.6 billion) in production; AED 8.621 billion (US$ 2.3 billion) in transmission; and AED 9.369 billion (US$ 2.5 billion) in power distribution. A further AED 5.621 billion (US$ 1.5 billion) will be invested in the water sector.
He said: “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. 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 132 kV, as part of its plans to enhance the electricity network and meet the growing demand for power in Dubai.
Furthermore, DEWA is moving forward with several vital development projects under its strategic plan to raise the efficiency and reliability of water systems to meet the growth in demand in different parts of Dubai. These efforts help meet the consumer expectations according to the highest levels of availability, reliability, efficiency and safety. The water transfer network has reached a total length of 1,404 kilometers across Dubai.Back to all Construction News
Share this story: