DEWA and BSI prepare to launch world’s first risk management standard for energy and utilities sector

DEWA and BSI prepare to launch world’s first risk management standard for energy and utilities sector
Published: 20 January 2020 - 4:45 a.m.
Dubai Electricity & Water Authority (DEWA) will soon launch the PAS 60518:2020 standard for risk management in the energy and utilities sector, for a first of its kind in the world.

In co-operation with the British Standards Institute (BSI), DEWA approved the number 60518 for the new standard in reference to the birthdate of the late Sheikh Zayed bin Sultan Al Nahyan (6 May 1918).

“DEWA operates a rigorous risk management system and enhances its resilience by improving its ability to anticipate risks and prepare for change, to ensure business continuity,” said HE Saeed Mohammed Al Tayer, MD and CEO of DEWA.

“DEWA also adapts its work environment and operations to provide electricity and water services to over 900,000 customers in Dubai according to the highest levels of quality, efficiency, and reliability.

“The PAS 60518:2020, which DEWA and BSI have developed is the first risk management standard that is especially designed for the energy and utilities sector.

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“This supports DEWA’s commitment to keeping pace with the rapid changes to achieve the highest standards of excellence and our efforts to achieve DEWA’s vision to become a globally leading sustainable innovative corporation.”

Khawla Al Mehairi, executive VP of strategy and government communications at DEWA, noted that some utilities use ISO 31000:2018 risk management guidelines, which provides a good starting point.

However, it lacks guidance on implementation. The new PAS 60518:2020 fills some gaps in the current standards and paves the way to full ISO standardisation.

The new standard is an addition to the efforts to set effective risk management standards, ensure business continuity, and handle emergencies with the highest levels of professionalism and efficiency to serve people and achieve their happiness.

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