Dewa to invest Dh40 billion in electricity, water projects in next 5 years. This investment will help strengthen renewable, clean energy projects.
22 July 2022, 12:00 AM
31 August 2022, 12:00 AM
The Dubai Electricity and Water Authority (Dewa) on Wednesday said it plans to invest Dh40 billion in capital expenditure over the next five years, including the expansion of renewable and clean energy projects.
Dewa’s subsidiary, the Emirates Central Cooling Systems Corporation (Empower), plans to spend around Dh3 billion mainly to expand district cooling capacity and network to meet demand growth for district cooling services.
Saeed Mohammed Al Tayer, managing director and CEO of Dewa, said the utility services firm plans to invest about Dh16 billion to strengthen and expand electricity and water transmission and distribution networks.
About Dh12 billion will be used to complete 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 at Hassyan, in addition to completing other ongoing projects in infrastructure and smart systems.