DEWA to invest Dhs40bn in water, electricity projects in next five years

DEWA to invest Dhs40bn in water, electricity projects in next five years

Dubai Electricity and Water Authority (DEWA) has plans to invest Dhs40bn on capital expenditure in the next five years.

It includes investing in the expansion of renewable and clean energy projects.

Saeed Mohammed Al Tayer, MD and CEO said DEWA intends to invest about Dhs16bn to strengthen and expand electricity and water transmission and distribution networks, and about Dhs12bn 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.

It will also invest in completing other ongoing projects in infrastructure and smart systems.

The Emirates Central Cooling Systems Corporation (Empower), which is 70 per cent owned by DEWA, plans to spend around Dhs3bn mainly to expand district cooling capacity and network to meet demand growth for district cooling services.

Al Tayer said: “We are committed to the ‘Projects of the 50’, part of the wise leadership’s directives, to enhance cooperation between the public and private sectors and provide promising investment opportunities. We have strategic partnerships with various local and international companies to implement renewable energy and water desalination projects according to the IPP model.

Thanks to the IPP model, DEWA achieved many world records in the