Dewa may begin selling CERs this year
Dubai Electricity and Water Authority, the utility responsible for water and power supply infrastructure in Dubai, may start selling CERs (certified emission reductions) this year.
Dewa plans to sell one to two million CERs a year from 28 clean development mechanism (CDM) projects. It is evaluating bids received for a tender floated earlier, Bert Kleinveld, Dewa's Director (special projects), told Emirates Business. Evaluation of one of its CDM projects shows a return of seven per cent on investments, he said.
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