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DEWA to spend AED 55 bln till end of 2018

DEWA to spend AED 55 bln till end of 2018
Investment spending for the Dubai Electricity and Water Authority (DEWA) during the period between 2014-2018 will amount to AED 55.2 billion, distributed among the Authority’s sectors.

This comes as part of DEWA’s strategy to raise electricity and water network efficiency and meet integrated developmental needs for water and electrical energy in accordance with Dubai’s strategic scheme.

DEWA supervises all its projects directly through the latest and best international standards in the various fields of supervision, said Saeed Mohamed Al Tayer, DEWA CEO, adding that DEWA maintains a culture of quality, health and safety in all its initiatives and projects, which is consistent with the UAE’s vision for the year 2021 and Dubai’s strategic scheme.

The investment necessary for the production sector amounts to AED31.6 billion, whereas the energy transfer and energy distribution sectors require AED 8.6 billion and AED 9.3 billion, respectively. Moreover, the water sector requires investments reached AED 5.6 billion, Al Tayer highlighted, adding that DEWA has a clear strategy for financing its projects, which depends on economic feasibility, the importance of the planned projects. All of this aims at taking production, efficiency and financial performance to their highest levels.