Dubai's DEWA approves $6.4bn budget for 2016
The electricity and water authority launched IPP projects worth $7.35bn in the budget, besides the $211m-worth construction of 9 132kV substations
Dubai Electricity & Water Authority (DEWA) approved a $6.4bn (AED23.65bn) budget for 2016.
This is higher than its $6.2bn (AED22.87bn) budget approved for 2016.
The 2016 budget will enable DEWA to adopt clean energy technologies across all its operations.
DEWA also launched projects worth $7.35bn (AED27bn) which employ the Independent Power Producer (IPP) model to leverage public-private partnerships, and build new capacity in renewable energy and diversify the Emirate’s energy mix in the long-term.
HE Saeed Mohammed Al Tayer, managing director and CEO of DEWA, said: "This budget for 2016 is aligned to the directives of our visionary leadership, and will meet all the requirements of DEWA’s projects, operational facilities, ambitious initiatives in electricity and water.
"DEWA has also assigned a large part of the budget to clean-energy-related projects in support of the Dubai Clean Energy Strategy 2050, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, to provide 75% of Dubai’s total power output from clean energy."
According to Al Tayer, $2.3bn (AED8.72bn) will be allocated to capital expenditure and projects, as against $2.1bn (AED8.02bn) in 2015.
The 2016 budget also includes a number of key projects, including $803.1m (AED2.95bn) for generation, $928.4m (AED3.41bn) for power transmission, $326.7m (AED1.2bn) in power distribution, and $299.4m (AED1.1bn) for water and civiil works.
“Other projects include building 9 new 132kV substations at a cost of $211.1m (AED775m), and $408.3m (AED1.5bn) has been allocated to the extension of 256 km of 132kV cables, and other power transmission and distribution projects and smart communication networks," Al Tayer continued.
“To increase water storage capacity at DEWA, $66.7m (AED245m) will be budgeted to build two water reservoirs at Al Nakhly, and a further $13.6m (AED50m) to build a water pumping station on the Dubai-Al Ain road, as well as other water transmission and distribution projects."