Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Dewa approves Dhs26.4b budget for 2018
January 13, 2018
 Print    Send to Friend

DUBAI: Dubai Electricity and Water Authority (Dewa) has approved a total budget of Dhs26.417 billion for 2018, compared to Dhs24.358b in 2017.

The 2018 budget incorporates investments in conventional and non-conventional energy sources, advanced technologies and innovative projects to realise the vision of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, to make Dubai a smart, sustainable and innovative city, and consolidate its position as a global model for green economy.

Dewa recognises the vital role of renewable and clean energy sources in realising the objectives of the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power output from clean energy by 2050.

Dewa has also announced the preferred bidder for its 700 MW concentrated solar power Independent Power Producer, IPP, model project costing Dhs14.2b.

Dewa’s vision is aligned with strategies at both federal and local levels as stipulated in UAE Vision 2021, National Agenda, UAE Centennial 2071, Dubai Plan 2021, and Smart Dubai goals. Accordingly, budget allocations have been made in 2018 for investment in strategic innovation, research and development (R&D), renewable energy, green technology, smart grid, energy efficiency, demand side management and other projects.

"We have a holistic approach for the energy sector and we translated that into workable strategies. The budget supports the vision of our leadership to provide citizens and residents with excellent services in a smart and well-connected city, which is recognised as a world model for developing clean energy, inspiring innovation and creativity and promoting sustainability. Accordingly, our investment in disruptive technologies and the launch of the world’s first sharia compliant Green Fund are testimony to Dewa’s commitment to the aspirations of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai," said Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa.

Dhs10.076b of the 2018 budget is allocated to capital projects and capital purchases, compared to Dhs8.692b in 2017. The 2018 budget includes Dhs2.684b for electricity and water generation, Dhs5.013b for power transmission, Dhs1.745b for power distribution and Dhs0.519b for water transmission and distribution projects, Al Tayer explained.

"Transmission projects include building 3 new 400kV substations at a cost of Dhs1,080 million, 116 KM of 400KV Overhead Lines at Dhs812m, 10 new 132KV substations at a cost of Dhs855 million. Dhs1.294b has been allocated for laying 235 km of 132kV cables and for installing substation control systems.

To increase Dewa’s water storage capacity Dhs165m has been allocated for constructing a 30 MIG reservoir in Hatta and upgrading pumping stations at Jebel Ali - Habab and Khawaneej. Dewa’s 2018 operating budget is Dhs15.420 billion compared to Dhs14.869b in 2017. The administration capital budget is Dhs921m," he added.

"Dewa’s 2018 Budget combines ambitious initiatives and innovative projects that expand capacity in generation and transmission, strengthen the reliability and security of the network and will contribute to make Dubai the smartest city in the world, committed to energy efficiency, green growth and becoming a model of resources sustainability," Al Tayer concluded.


WAM

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Other Latest News
Opening of Louvre Abu Dhabi ‘a very bad day for extremists:’ Abdullah Bin Zayed
ABU DHABI: The opening of the Louvre Abu Dhabi has been "a very bad day for extremists," but, at the same time, has managed "to give the people of this region, the countr..
UAE submits notes to UN on Qatar’s interception of aircraft
ABU DHABI: The UAE has submitted a note to the President of the UN Security Council and the President of the United Nations General Assembly, in accordance with the provi..
Emirates signs deal for up to 36 additional A380s worth $16b
DUBAI: Dubai-based Emirates Airline has signed a Memorandum of Understanding (MoU) to acquire up to 36 additional A380 aircraft. The agreement was signed this morning at ..
Special Olympic Gold Medallist teams up with Pablo for Pro-Am
ABU DHABI: Spain’s Pablo Larrazabal, winner of the 2014 Abu Dhabi HSBC Championship presented by EGA captained Zimbabwe’s Special Olympic athlete Munyaradzi Musariri as p..
AmCham Abu Dhabi joins with Reach Mentoring
ABU DHABI: The American Chamber of Commerce Abu Dhabi, AmCham Abu Dhabi, Women in Business Committee has announced a new partnership with Reach Mentoring, the first non-p..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright