Dubai Electricity and Water Authority (DEWA) chief executive Sa’id al-Tayir says DEWA’s capital budget for 2014-18 is Dh55.216bn ($15.03bn). DEWA plans to add three power plants totaling 1.9GW over the next five years raising DEWA’s total capacity by almost 20% to 11.56GW by the end of 2021.
“We are investing Dh31.605bn ($8.61bn) in production, Dh8.621bn ($2.35bn) in transmission and Dh9.369bn ($2.55bn) in power distribution,” says Mr Tayir. “Dh5.621bn ($1.35bn) will be invested in the water sector. We have a clear plan for financing our projects and expansion plans based on our economic viability and importance of the projects we plan or adopt.” (CONTINUED - 463 WORDS)