DEWA welcomes proposals for Green initiative

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The Dubai Electricity and Water Authority (DEWA) has released a request for proposal (RFP) which is deemed to prompt green investments in Dubai.

DEWA welcomes proposals for Green initiative

DEWA welcomes proposals for Green initiative

A tender has been floated for review and regulatory works of the designed Renewable Energy Fund which amounts to $27 billion or AED100 billion. The so called Dubai Green Fund was revealed in November.

The fund is expected to provide low-priced credit for those who want invest and take part in the clean energy sector of the Emirate in accordance with its broader green energy investment strategy.

The green fund will offer financial means for investors in the clean energy sector. The RFP encompasses the provision of consultancy services for the development of the Green Fund initiative, governance formation, fundamental regulations and agenda, contractual arrangement, and completion plan in line with the international best practices favoring Dubai’s requirements.

The Vice Chairman of the Dubai Supreme Council of Energy, managing director and CEO of DEWA expressed his expectation regarding the initiative to increase eco-friendly project investments in Dubai.

Proposals for the said tender are welcome until the end of February.

Mohamed Dekkak

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