DEWA to invest $22bn in energy sector over next five years
Dubai Electricity and Water Authority (DEWA) plans to invest $22bn (AED81bn) over the next five years to meet the energy needs of the Emirate in the lead up to Dubai Expo 2020
Dubai Electricity and Water Authority (DEWA) plans to invest $22bn (AED81bn) over the next five years to meet the energy needs of the Emirate in the lead up to Dubai Expo 2020.
DEWA allocated $1.1bn (AED4.26bn) for Expo 2020 electricity and water infrastructure and is currently developing the three main substations to power the Expo site.
HE Saeed Mohammed, MD & CEO of DEWA, said: “This will strengthen the UAE’s global competitiveness with a focus on green economy, by launching projects in clean and renewable energy infrastructure.
“This supports the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy and green economy, and diversify the energy mix so clean energy will generate 75% of Dubai’s total power output by 2050.”
The authority aims to enhance infrastructure and its total production capacity to reach 10,200MW of electricity and 470 million imperial gallons (MIGD) of desalinated water per day. A further 4,000MW of energy production will also be built.
Earlier this week, the authority awarded a nearly $300m (AED1.1bn) contract for the H-Station Phase 4 construction works at Al Aweer to a Siemens and ELSEWEDY Power consortium.
The power station will test, supply, and commission three gas turbines with a total capacity of 815 megawatts (MW).
Additionally, construction on Dubai’s $3.1bn (AED11.5bn) M-Station electricity and desalination plant has reached 82% completion in December 2017, with most of the civil work of the expansion has been completed.
“From 2006 to 2017, DEWA’s cumulative energy production efficiency increased by 27%. DEWA has reduced losses in power transmission and distribution networks to 3.3%, compared to 6-7% in Europe and the USA,” Al Tayer added.
DEWA has established 235 132/11 kV substations as of the end of 2017 and has commissioned 15 at the end of last year at a total cost of $454m (AED1.67bn).