The Sharjah Electricity and Water Authority (Sewa) will now be able to venture into business activities related to its field after His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued Emiri Decree Number 20 of 2008 to that effect.
The new decree empowers Sewa to go into business activities related to its main functions, including setting up central cooling stations and establishing clean energy companies or entering into joint ventures in the area of clean energy.
Sewa may also assign to others all or part of its works that fall under its jurisdiction and prerogatives, according to the decree.
All other rules that conflict with this new decree shall be null and void, according to Article Two of the current decree, which is to be published in the official gazette.
The decree amends Emiri Decree Number 1 of 1995 and all its amendments dealing with the establishment of Sewa. The decree allows Sewa to launch business ventures related to its field of operations.
Follow Emirates 24|7 on Google News.
