DEWA to invest $10.8bn in Dubai’s electricity & water projects in next 5 year

DEWA to invest $10.8bn in Dubai’s electricity & water projects in next 5 year

Dubai Electricity and Water Authority (DEWA) has planned to invest $10.8 billion in capital expenditure in the next five years including the expansion of renewable and clean energy projects.

It will invest about $4.3 billion to strengthen and expand electricity and water transmission and distribution networks and around $3.2 billion 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 DEWA projects in infrastructure and smart systems.

The Emirates Central Cooling Systems Corporation (Empower), which is 70 percent owned by DEWA, plans to spend approximately $817 million mainly to expand district cooling capacity and network to meet demand growth for district cooling services.

Saeed Mohammed Al Tayer

MD & CEO – DEWA “We are working in line with the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide an advanced infrastructure that meets the requirements of sustainable development. We are committed to the ‘Projects of the 50’, part of the