Summary
The Dubai Electricity and Water Authority (DEWA) (هيئة كهرباء ومياه دبي) is a public service infrastructure company that was founded on 1 January 1992 by Sheikh Maktoum bin Rashid Al Maktoum.[1]
 | |
| Company type | Utilities (Government-owned) |
|---|---|
| Industry | Electricity, Water and District Cooling |
| Founded | 1992 |
| Headquarters | , |
Area served | Emirate of Dubai |
Key people | Saeed Mohammed Al Tayer (CEO) |
| Products | Utilities |
| Owner | Government of Dubai |
| Subsidiaries | Emirates Central Cooling Systems Corporation (EMPOWER) |
| Website | dewa |
History edit
DEWA was formed by merger of the Dubai Electricity Company and the Dubai Water Department that had been operating independently until then. These organizations were established in 1959 by Sheikh Rashid bin Saeed Al Maktoum, the ruler of Dubai at the time.[1] The objective of the state-run company is making available to the people of Dubai an adequate and reliable supply of electricity and water.[2]
As of end of 2019, DEWA employs a workforce of 11,727 employees and provides 915,623 customers with electricity and 816,580 customers with water.[3]
In 2019, DEWA had an installed capacity of 11,400MW of electricity and 470 million imperial gallons of desalinated water per day.[3]
After using conventional gas-fired power plants for most of its history, DEWA now builds the 5GW Mohammed bin Rashid Al Maktoum Solar Park which is known for breaking several cost records for solar power both from phtovoltaics and from concentrated solar power. After installing an initial 13 MW (DC) solar plant as the first phase in 2013,[4] a further 200 MW (AC) seconde phase were contracted from developer ACWA Power in January 2015.[5] The third phase is an 800 MW PV power plant, which was started in the fall of 2015 and was completed by 2020.[6] DEWA plans a 250 MW pumped-storage hydroelectricity at Hatta using 880 million gallons of water 300 meter above a lower dam.[7]
Planned initial public offering edit
DEWA has planned to float 18 percent of its issued share capital as public offering listed on the Dubai Financial Market (DFM), the IPO is estimated to $22.6 billion.[8]
Financial performance edit
For the year 2022, DEWA has posted a net profit of AED 8 billion.[9]
See also edit
References edit
- ^ a b "DEWA: History". Dubai Electricity and Water Authority. Retrieved 24 August 2014.
- ^ Wilde, Felix (2011). "Country-specific Organizations and Authorities". Worldwide development of nuclear Energy. Hamburg: Diplomica Verlag. p. 25. ISBN 9783842859647. OCLC 837778047.
- ^ a b https://www.dewa.gov.ae/~/media/Files/Customer/Sustainability%20Reports/DEWA%20Sustainability%20Report%202019%20EN.ashx [bare URL PDF]
- ^ "DEWA 13 Solar Plant". firstsolar.com. First Solar. Retrieved 14 February 2016.
- ^ "Dubai Doubling Size of Power Plant to Make Cheapest Solar Energy". bloomberg.com. Bloomberg Business. 15 January 2015. Retrieved 14 February 2016.
- ^ "DEWA announces release of Request for Proposal for 800MW 3rd phase of the Mohammed bin Rashid Al Maktoum Solar Park". WAM Emirates News Agency. 29 December 2015. Archived from the original on 23 February 2016. Retrieved 14 February 2016.
- ^ "Dubai to build Persian Gulf's first hydroelectric plant, 880 million gallon 'battery'". Electrek. 23 December 2016. Retrieved 24 December 2016.
- ^ "DEWA IPO, "valued between $27 billion and $37 billion", will be first of 10 big upcoming listings on the DFM: expert".
- ^ Mansoor, Zainab (2023-02-09). "Dubai's DEWA reports 22% rise in consolidated net profit for 2022". Retrieved 2023-02-12.
External links edit
- Official English website