DEWA to Spend Dh40 billion on Clean Energy Projects

The Dubai Electricity and Water Authority (DEWA) has allocated Dh40 billion ($10.9 billion) for investment in renewable and clean energy projects within the next five years.

According to DEWA, almost half of the sum, Dh16 billion, will go into expanding electricity and water transmission and distribution networks, and Dh12 billion towards completing 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.

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 lowest solar energy prices (Levelised Cost of Electricity), making Dubai a global benchmark for solar power prices,

said Saeed Mohammed Al Tayer, MD & CEO of DEWA.

DEWA remains committed to its strategy of turning Dubai into a regional leader in providing public services. In June, we reported that DEWA launched an Automatic Smart Grid Restoration System (ASGR), the first of its kind in the MENA region.