The collaboration between Expo City and DEWA signifies a groundbreaking step towards sustainable development, aligning with Dubai’s commitment to achieving net zero emissions by 2050
Saeed Mohammed Al Tayer
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DEWA
DEWA files patent for process to increase battery performance
It is the second battery energy storage pilot project by DEWA’s R&D Centre at the Mohammed bin Rashid Al Maktoum Solar Park
DEWA
Dubai: DEWA reports $1.5bn revenue, $208m profit
More people using more electricity and water in Dubai lead to surge in Q1 earnings for DEWA
DEWA
DEWA fixes October 10 for first-ever AGM to distribute $844 million dividend
The company is expected to make the payment in October itself; It reported revenues of AED12.08 billion and net profit of AED3.3 billion in first half of 2022
clean energy
DEWA receives four bids from international companies for sixth phase of solar park
The production capacity of the sixth phase of the solar park will be 900 MW
DEWA
Dubai earmarks $10.9 billion for water, electricity projects in the next five years
Around AED 16 billion in the package will be used to boost electricity and water transmission and distribution networks, while AED 16 million will go to finishing renewable projects
DEWA
Dubai’s energy demand rises 6.3 percent amid ‘recovering economic activity’
DEWA has a current capacity of 14,117 megawatts of electricity and 490 million imperial gallons per day of desalinated water
clean energy
DEWA projects under IPP model attracts $10.9 billion
The projects envisage a combined generation capacity exceeding 4,000 MWs
commodity trading
Dubai to set up committee to monitor petroleum product trading
The move is line with a previously issued resolution that outlined the regulatory framework for the trading of LPG and its derivatives in Dubai
Automatic Smart Grid Restoration
DEWA automates power grid management and troubleshooting
The move is part of the firm’s strategy to adopt latest technologies in power generation, in which it has allotted AED 7 billion in investments
DEWA
Construction of DEWA’s $23.41mn Hatta water reservoir project crosses 36.25 percent milestone
Expected to be complete by April 2023, the project will have a capacity of 30 million imperial gallons (MIG)
clean energy
How the five phases of the MBR Solar Park are aiding Dubai’s push towards 100 percent clean energy
The clean energy capacity share of the world’s largest single-site solar park is currently around 11.4 percent of Dubai’s energy mix, and is expected to reach around 14 percent by the end of 2022
desalination plant
DEWA marks 96.5 percent milestone on its $244 million SWRO desalination plant in Dubai’s Jebel Ali
Increasing the operational efficiency by decoupling desalinated water production from electricity generation will save around $3.53 billion and reduce 44 million tonnes of carbon emissions by 2030, the CEO of DEWA said
Capital Markets
DEWA raises $6.1bn to become UAE’s largest IPO
Upon listing, the company will have a market capitalisation of $33.75 billion (AED 124 billion), which will make DEWA the largest company on the DFM by market capitalisation
carbon emissions
How much electricity did Dubai save during Earth Hour 2022?
Dubai recorded the highest ever savings in terms of electricity consumption since 2008, when the Earth Hour initiative was first observed in the emirate
cooling service provider
DEWA begins IPO subscription period, set to be DFM’s most valuable company with market cap of up to $33.76bn
The IPO subscription period starts today and runs until 2 April 2022 for the UAE Retail Offering, and until 5 April 2022 for the Qualified Investor Offering
clean energy
Dubai’s DEWA floats 6.5 percent stake in IPO, totalling 3.25bn shares, marking a “turning point” in Dubai’s capital market
DEWA intends to pay dividends twice each fiscal year – in April and October of each year – after the offering. It expects to pay a minimum dividend amount of AED 6.2 billion per annum, over the next five years, from October 2022 to April 2027.