The Dubai Electricity and Water Authority (DEWA) has invited firms from Poland to take part in the ongoing development of clean and renewable energy projects across the UAE.
A UAE delegation headed by Saeed Mohammed Al Tayer, Vice-Chairman of the Dubai Supreme Council of Energy and MD & CEO of DEWA is currently on a visit in the Republic of Poland.
During the visit, Al Tayer delivered a speech at a meeting in the city of Katowice, attended by HE Dr. Yousef Al Sabri, UAE Ambassador to Poland and a number of leading Polish and international companies. Al Tayer highlighted DEWA’s main projects in clean and renewable energy. The meeting discussed the development of trade relations between the UAE and Poland.
“The United Arab Emirates boast of almost three-decade old strong bonds with Poland. Areas of cooperation between the two countries include political dialogue, sports, defence and trade ties since the exchange of embassies in 1989. The trade ties are worth USD 800 million now and the highest was USD 1billion in 2014,” said Al Tayer.
“The UAE has developed various strategies and initiatives to realise the objectives of the UAE Centennial 2071 to make the UAE the best country in the world. Dubai Electricity and Water Authority (DEWA) has investments of over USD 22 billion (AED 81 billion) for the next five years, to meet growing demand for electricity and water in Dubai. Today, DEWA has a strong infrastructure, to meet the ever-increasing demand and support the growth of a green economy and create a competitive advantage for the UAE in clean energy and energy-efficiency technologies,” Al Tayer added.
Al Tayer went ahead to inform the meeting about the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world that DEWA is currently working on based on the IPP model, with a capacity of 5,000MW by 2030 using a mix of Photovoltaic (PV) and Concentrated Solar Power (CSP) technologies.
He said that this supports DEWA’s approach towards innovation in clean energy, and the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, to provide 75% of Dubai's total power output from clean energy sources by 2050.
Since 2014, DEWA has been a pioneer in managing projects based on the IPP model through which DEWA achieved world-class results, and set new global records for low power prices per kilowatt-hour (kWh), said Al Tayer.
“This has led to long-term stable energy prices for customers in Dubai. The competition created amongst developers by DEWA in its IPP projects has resulted in significantly reduced CAPEX per megawatt of installed capacity compared to the Engineering, Procurement, and Construction (EPC) model, leading to a more efficient utilisation of available economic resources,” he added.
Al Tayer pointed out that DEWA has attracted major inward investments from the private sector and foreign banks, resulting in major cash inflows into the Dubai and UAE economy. He noted that the project companies created by DEWA and our private sector partners place an emphasis on employment and knowledge transfer to Emirati employees, thus directly benefiting the local community.
Currently, DEWA has more than 4,000 MW of IPP projects in the pipeline, in partnership with the private sector and total investment of over USD 8.1 billion (AED 30 billion).