Dewa's budget for 2014 totals Dh20.56 billion

Dubai Electricity and Water Authority (Dewa) set it 2014 budget at Dh20.56 billion in comparison with Dh13.835 billion in 2013.

The budget represents Dewa’s relentless pursuit to ensure that electricity and water requirements of the Emirate of Dubai conform with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to support the Emirate's ambitious development plans at all levels and in all fields, and also as part of its endeavours to adopt cutting-edge technologies to promote its leading position at both national and international levels by providing electricity and water at the highest levels of reliability, efficiency, safety and sustainability.

"Expenditure on projects and purchases will reach Dh7.057 billion. These include such important projects like the project to generate power by using clean coal, produce power from solar energy, expansions of the M-Station for power generation and water desalination at Jebel Ali, consultancy services for introducing 2 gas turbines and connecting them to the 400kv D-Station, the project to increase production capacity of 4 gas turbines at K-Station, projects to establish main power substations, laying cables, setting up control systems and fit-outs for 11kv networks, as well as the smart grid infrastructure and smart meters," said Saeed Mohammed Al Tayer, Managing Director and CEO of Dewa.

“Dewa’s operational budget will reach Dh13.151 billion in 2014, and the capital administrative budget will reach Dh352 million. Dewa’s existing installed production capacity is 9,646 megawatts (MW) and 470 million Imperial Gallons per Day (MIGD) of desalinated water. The electricity peak load reached 6,857MW in 2013, with a reserve margin of 2,800MW of electricity," said Al Tayer.

"Water peak demand reached 296 MIGD in 2013, with a reserve margin of 174 MIGD. These reserves of electricity and water will contribute to meeting the requirements of Dubai's large ambitious projects, including the Mohammed bin Rashid Al Maktoum Solar Park and other development projects. This important strategic reserve will also meet the requirements of different fields, including economy, commerce, tourism, industry, and urban development," added Al Tayer.

"Dubai's winning the bid to host Expo 2020 is landmark in the history of the UAE in general, and Dubai in particular, and Dewa is ready and capable of meeting all the power and water requirements of this global high-profile event at the highest levels of efficiency and reliability," concluded Al Tayer.

 

Follow Emirates 24|7 on Google News.