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Lead Text: 
The PAS 60518:2020 standard for risk management in the energy and utilities sector “fills gaps in current standards”

The Dubai Electricity and Water Authority (DEWA), in cooperation with the British Standards Institute (BSI) will launch the PAS 60518:2020 standard for risk management in the energy and utilities sector, which is a first of its kind in the world.

DEWA approved the number 60518 for the standard, as it refers to the birthdate of the late HH Sheikh Zayed bin Sultan Al Nahyan (6 May, 1918).

Commenting on the need for the risk management standard in the energy and utilities sectors, the executive vice president of Strategy and Government Communications at DEWA, Khawla Al Mehairi, said that the PAS 60518:2020 fills some gaps in the current standards and paves the way to full ISO standardisation.

Al Mehairi added that although the ISO 31000:2018 risk management guideline provides a good starting point, it lacks guidance on implementation.

DEWA started preparations for the standard in the Year of Zayed 2018, which marked the centennial birth of the late HH Sheikh Zayed bin Sultan Al Nahyan.

The managing director and chief executive officer of DEWA, HE Saeed Mohammed Al Tayer, said: “DEWA operates a rigorous risk management system and enhances its resilience by improving its ability to anticipate risks and prepare for change, to ensure business continuity. DEWA also adapts its work environment and operations to provide electricity and water services to over 900,000 customers in Dubai according to the highest levels of quality, efficiency, and reliability.”

Al Tayer added: “The PAS 60518:2020, which DEWA and BSI have developed is the first risk management standard that is especially designed for the energy and utilities sector. This supports DEWA’s commitment to keeping pace with the rapid changes to achieve the highest standards of excellence and our efforts to achieve DEWA’s vision to become a globally leading sustainable innovative corporation.”

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Published Date: 
Sunday, January 19, 2020 - 18:15
Modified Date: 
Sunday, January 19, 2020 - 18:17

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