UAE’s DEWA reveals 5-year investment strategy

UAE’s DEWA reveals 5-year investment strategy
Saeed Mohammed Al Tayer, MD & CEO, DEWA
Published: 10 February 2018 - 12:04 a.m.
By: Baset Asaba

Dubai Electricity and Water Authority (DEWA) has revealed a strategy to invest Dh81bn over the next five years to meet the energy needs of Dubai.

The move is expected to strengthen the UAE’s global competitiveness with a focus on green economy, by launching projects in clean and renewable energy infrastructure.

It also supports the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy and green economy, and diversify the energy mix so clean energy will generate 75% of Dubai’s total power output by 2050.

“DEWA works tirelessly to enhance infrastructure and its total production capacity, to reach 10,200MW of electricity and 470 million imperial gallons (MIGD) of desalinated water per day,” said Saeed Mohammed Al Tayer, DEWA CEO and MD.

“A further 4,000MW of energy production will also be built. DEWA has established 235 132/11 kV substations as of the end of 2017. DEWA commissioned 15 of these substations in 2017, at a total cost of AED 1.67 billion.”

DEWA also revealed that recent investments had yielded several achievements. For instance, in terms of customer minutes lost per year, DEWA’s figures reached 2.68 minutes, compared to 15 minutes recorded by leading utilities in the European Union.

From 2006 to 2017, DEWA’s cumulative energy production efficiency increased by 27%. DEWA has reduced losses in power transmission and distribution networks to 3.3%, compared to 6-7% in Europe and the USA. Water network losses decreased to 7.2%, compared to 15% in North America, said Al Tayer.

As a result of its achievements, DEWA has received over 170 prestigious local and international awards in the last three years.

Click here to add your comment

Please add your comment below
Your email address will not be published