Dubai Electricity & Water Authority (DEWA)

05 Mar 2023

DEWA received 4,056 requests for electricity connections through Al Namoos in 2022, an increase of 6.1% compared to 2021

Dubai Electricity and Water Authority (DEWA) received 4,056 requests for electricity connection through Al Namoos service in 2022, an increase of 6.1% compared to 2021. Al Namoos (an es

08 Feb 2023

Dubai Electricity and Water Authority PJSC announces record standalone 2022 net profit of AED 11.1 billion, consolidated 2022 net profit of AED 8.0 billion and increases 2022 dividend pay-out by 60% to AED 9.90 billion

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its full year 2022 preliminary and unaudited consolidated financial results, recording quarterly revenue of AED 6.7 billion and net profit of AED 1.5 billion. For the full year, DEWA’s consolidated revenue was AED 27.4 billion and net profit was AED 8.0 billion.

05 Feb 2023

Partners of World Government Summit affirm its important role as unique platform for building better future for humanity

The partners of the World Government Summit (WGS) 2023, affirmed that the summit has become a unique platform for building a better future for humanity. They stressed its importance in bringing together leaders, officials from governments and international organisations to exchange experiences and share their knowledge on the most important topics and challenges. This came during their participation in the WGS press conference, held in the Museum of the Future, Dubai, to review the recent updates of the summit which will be held from 13th to 15th February 2023.

29 Jan 2023

DEWA commissions 17 transmission substations in 2022 for AED 3.2 billion

Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022. These include fifteen 132kV stations with a conversion capacity of 2,280 megavolt amperes and two 400kV stations with a conversion

18 Jan 2023

Masdar and DEWA Commit to Support UAE Sustainability Objectives with Partnership Agreement for ADSW and WETEX

Abu Dhabi Sustainability Week (ADSW), the global initiative championed by the UAE and its clean energy powerhouse Masdar to accelerate sustainable development, and Dubai Electricity and Water Authority

17 Jan 2023

HE Saeed Mohammed Al Tayer highlights the strategies, initiatives, and innovative projects to enhance the sustainable development

HE Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), emphasised that the UAE is one of the biggest countries to invest in clean energy projects. He called for more

01 Jan 2023

HE Saeed Al Tayer announces that the share of clean energy capacity has reached 14% of Dubai’s total power production capacity

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has announced that the production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP). This is about 14% of Dubai’s total power production capacity of 14,517 MW. The announcement was made during Al Tayer’s visit to the Mohammed bin Rashid Al Maktoum Solar Park, which DEWA is implementing. This is the largest single-site solar park in the world using the Independent Power Producer (IPP) model. It will have a production capacity of 5,000 MW by 2030, using photovoltaic solar panels and CSP technologies.

20 Dec 2022

International Finance Corporation delegation visits DEWA to learn about its projects and initiatives that enhance sustainable and comprehensive development

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has welcomed a high-level delegation from the International Finance Corporation (IFC), part of the World Bank Group. The delegation

19 Dec 2022

DEWA's adoption of the latest technologies enhances efficiency of electricity and water production and reduces carbon emissions

Dubai Electricity and Water Authority (DEWA)’s use of the latest innovative technologies contributes to enhancing efficiency at the Jebel Ali Power Generation & Water Production Complex, which is one of the main pillars for providing Dubai with reliable, efficient and high-quality electricity and water services. HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, emphasised that DEWA adopts the latest disruptive technologies of the Fourth Industrial Revolution to increase production efficiency, maximum utilisation of waste heat, and reduce carbon emissions.

17 Dec 2022

DEWA wins the Best Creative Electricity and Water Solutions Brand award from Global Brands Magazine Awards 2022

Dubai Electricity and Water Authority (DEWA) has made a new achievement by winning the Best Creative Electricity and Water Solutions Brand by Global Brands Magazine Awards 2022 in the UK. This confirms DEWA’s global leadership in all areas.

14 Dec 2022

Dubai’s clean energy transition gathers pace with innovative initiatives

Dubai last month announced a roadmap to make its public transport emission-free by 2050, taking its ambitious strategy to transition to the green economy another step closer to reality. Featuring infrastructure, circular economy and green mobility initiatives, the implementation of the roadmap will bring AED3 billion worth of savings and eliminate 8 million tons of carbon dioxide emissions, the equivalent of planting 132 million trees, over the next three decades.

05 Dec 2022

DEWA’s advanced training programmes attract and refine Emirati competencies and young talents

Dubai Electricity and Water Authority (DEWA), through its Research and Development Centre (R&D) and Innovation Centre, is working to refine national competencies and young talents and enhance their participation in the

27 Nov 2022

DEWA commissions two new transmission substations in two residential areas for Emiratis

Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of AED 180 million. DEWA also inaugurated a new

15 Nov 2022

Empower debuts listing and trading of its shares on the Dubai Financial Market

Dubai Financial Market (“DFM”) today welcomed the successful listing of Emirates Central Cooling Systems Corporation PJSC (“Empower”), the world’s largest district cooling services provider and a clear leading player in the Dubai district

10 Nov 2022

Dubai Electricity and Water Authority PJSC 9M-2022 profit rises 21% to AED 6.47 billion

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn. Year to date, DEWA’s revenue is AED 20.63 bn and net profit is AED 6.47 bn.

09 Nov 2022

EMPOWER TO BECOME THE WORLDS’ LARGEST LISTED DISTRICT COOLING SERVICES PROVIDER

Emirates Central Cooling Systems Corporation PJSC (“Empower” or the “Company”) today announces that, following the successful completion of the bookbuild and public subscription process for its initial public offering (“IPO” or

24 Oct 2022

EMIRATES CENTRAL COOLING SYSTEMS CORPORATION PJSC ANNOUNCES ITS INTENTION TO FLOAT ON THE DUBAI FINANCIAL MARKET

Emirates Central Cooling Systems Corporation PJSC (“Empower” or the “Company”), the world’s largest district cooling services (“DCS”) provider and a clear leading player in the Dubai district cooling market with a targeted market share of approximately 80%

24 Oct 2022

Saeed Mohammed Al Tayer announces DEWA’s intention to pay a one-time special dividend to its shareholders

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which

17 Oct 2022

HE Saeed Mohammed Al Tayer receives bipartisan staff delegation from the US House of Representatives and US Senate headed by Acting Director of the Atlantic Council’s Global Energy Center

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received a delegation led by Reed Blakemore, Acting Director of the Atlantic Council’s Global Energy Center. The delegation included bipartisan staff representing the US Senate Committees on Energy & Natural Resources, Foreign Affairs, Appropriations, and Environmental & Public Works, as well as the US House Committees on Energy & Commerce, Foreign Affairs, Ways & Means, Science, Space and Technology, Select Climate and Appropriations and personal office staff of those relevant committees. Al Tayer discussed DEWA’s projects and initiatives that are guided by the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

08 Oct 2022

DEWA invites international developers to send Expressions of Interest to implement the 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park

Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the 6th phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power

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