- City Fajr Shuruq Duhr Asr Magrib Isha
- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
Dewa is also aiming to achieve 88 per cent of growth in income from investments. (File)
Dubai Electricity and Water Authority (Dewa) will invest Dh60 billion in a number of energy projects including renewable energy initiatives across the emirate over the next five years.
Addressing the media on the sidelines of a conference in Dubai on Monday, Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa, said the utility company will invite bids for selecting the contractor to build Creativity Centre in Sheikh Mohammed bin Rashid Al Maktoum Solar Park in September 2015.
Dewa is also aiming to achieve 88 per cent of growth in income from investments, Arabic daily Emarat Al Youm reported.
Earlier this month, Dewa announced the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.
The announcement comes a few weeks after Dewa announced that it increased the share of renewable energy targets in Dubai’s energy mix to seven per cent by 2020 and 15 per cent by 2030, and doubled the capacity of phase two of the Solar Park from 100 to 200MW.
On Monday, Al Tayer also launched Dewa’s Strategy 2021 and the Second Sustainability Report 2014 under the theme of “Dewa at Work: Smarter and brighter energy future for Dubai.”
The report includes different sections such as seizing opportunities, meeting challenges, strategic drivers, renewed commitment to drive value, mission, strategic goals and priorities, and Dewa’s research and innovation map, among other sections.
“In line with the UAE Vision 2021, and Dubai Plan 2021, to set a roadmap of ambitious initiatives and developmental projects for economic growth, energy sustainability and a clean environment, and to promote Dewa's vision to become a sustainable innovative world-class utility, we work to provide the best government services and implement the best international practices to make people as satisfied and happy as possible.
“We harness excellence and creativity in our daily work to improve performance, efficiency, and services to match the highest international practices. Through our initiatives, we contribute to making Dubai the smartest city in the world and support the sustainable social, economic, and environmental development of Dubai in particular and the UAE in general. Today, we announce Dewa Strategy 2021, which emphasises the need to continue these efforts to take Dubai to the next level on its journey to celebrate the Union’s Golden Jubilee in seven years,” said Al Tayer in his keynote speech.
“This strategy will provide the support for the process to make effective strategic decisions, and develop a road map that enables Dewa to support Dubai’s ongoing development. It will serve as a reference point during the strategic planning process that supports Dewa’s operational planning. This comprehensive strategy defines our strategic objectives and our relationship with our stakeholders and partners. We have also developed the map for research and innovation, which will enhance our journey towards achieving more success and excellence,” he added.
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