DEWA to invest $22B in Dubai’s energy sector over next 5 years
UAE, Dubai: According to HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), DEWA’s five-year investment strategy is to spend $22 billion over the next five years on the energy infrastructure projects to meet the energy needs of the Emirate.
“This supports the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy and green economy, and diversify the energy mix so clean energy will generate 75% of Dubai’s total power output by 2050,” Dubai Media Office cites Al Tayer.
This was announced as DEWA commissioned the first 132 kV main substation for the World Expo 2020 in January 2018.
To support World Expo 2020, DEWA is building three 132 kV substations with 45 kilometres of high-voltage cables, at the total cost of $114.3 million. The inaugurated substation has a transformer capacity of 150 MVA.
“As part of our partnership with Expo 2020 Dubai, as the official Sustainable Energy Partner, we intend to speed up the completion of our projects to provide sustainable energy to the facilities of the World Expo 2020,” said Al Tayer.
Source: Dubai Media Office