DEWA investing $16.5B in power projects over next 5 years

2016-1-4

 UAE, Dubai: Dubai Electricity and Water Authority (DEWA) is planning $16.5 billion worth of projects over the next five years to meet the emirate’s power and water needs.

The projects are needed to cope with the 6.4 per cent annual growth in power demand and 6.8 per cent annual growth in water demand, reports The National.

Among others, they include the first and second phase of the Hassyan clean coal power project of the total capacity of 2,400 MW, and the third 800 MW phase of the Mohammed Bin Rashid Al Maktoum solar photovoltaic park, which will have 3,000 MW when completed.

Dewa might also change the way it tenders its projects, and it might tender them on a yearly basis rather than at once. 

Source: The National