UAE In-Focus — Double-digit growth for DEWA; UAE launches Tourism Strategy 2031 

UAE In-Focus — Double-digit growth for DEWA; UAE launches Tourism Strategy 2031 

DUBAI: Dubai Electricity & Water Authority reported a revenue of 8.5 billion dirhams ($2.3 billion) and a net profit of 3.1 billion dirhams during the third quarter of 2022. This represents an increase of 15 percent and 10 percent, respectively, over last year's figures, according to a press release. Revenue and profit for the first nine months of 2022 were 20.6 billion dirhams and 6.5 billion dirhams, respectively, which were up 15 percent and 21 percent from last year. In 2022, the energy demand reached 40.7 terawatt-hours for the first nine months, up from 38.6 TWh during the same period in 2021, according to DEWA. In the first nine months of 2022, peak demand was 9.5GW in July, an increase of 3.3 percent on the same period last year. There was a 3.59 percent increase in electricity production for DEWA’s third quarter of 2022, representing 17.3TWh. A total of 36.7 billion imperial gallons of desalinated water were produced by the utility company during the same period, an increase of 6.59 percent from last year. In 2022, DEWA will distribute dividends worth 8.23 billion dirhams to its shareholders. The company will also distribute a one-time special dividend to shareholders of 2.03