DEWA agrees AED22.873 billion funds for 2015

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Dubai Electricity & Water Authority (DEWA) has agreed a total budget of AED22.873 billion for 2015, increased from AED20.560 billion in 2014.

DEWA agrees AED22.873 billion funds for 2015

DEWA agrees AED22.873 billion funds for 2015

The new fund will guarantee a consistent supply of electricity and water to meet Dubai’s improvement strategies in all its operations. The fund will also allow DEWA to implement the “best and latest technologies across all its operations, according to reports.

According to Saeed Mohammed Al Tayer, managing director and CEO of DEWA, approximately AED8.28 billion has been allocated for capital purchases and projects compared with AED7.057 billion this 2014.

The 2015 fund comprises a number of key projects, the most famous of which is growing production capacity of the electricity generation and water desalination plant at K-Station in Jebel Ali in addition to two gas turbines to generate 500MW.

The production capacity of the electricity and water generation plant at M-Station in Jebel Ali will also be enhanced by 700MW. Meanwhile, further projects take in building 12 new 132kV substations, expanding 272km of 132kV cables, additional power transmission and dissemination projects and smart communication networks.

Al Tayer averred that AED590 million has been allotted to water network projects as well as water reservoirs and transmission networks. This consists of expanding new networks and introducing a district meter system to keep an eye on leakage and decrease water losses.

DEWA’s prepared fund for 2015 is AED13.465 billion, compared to AED13.151 billion in 2014 as the administrative capital fund has also been raised to AED1.380 billion in 2015 from AED352 million in 2014.

DEWA’s recent permanent capacity is 9,656MW of electricity and 470 MIGD of desalinated water. Peak demand for electricity arrived at 7233MW in 2014, which means there is a stock border of around 2423MW.

Water peak demand in 2014 arrived at 316 MIGD, with a stock border of 154 MIGD, DEWA discussed.

Mohamed Dekkak