Dubai to Invest AED40 Billion in Electricity and Water Projects by 2027

Dubai to Invest AED40 Billion in Electricity and Water Projects by 2027

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has plans to invest AED40 billion on capital expenditure in the next five years including the expansion of renewable and clean energy projects.

He noted that DEWA plans to invest about AED16 billion to strengthen and expand electricity and water transmission and distribution networks, about AED12 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.