FINANCIAL NEWS

Dewa allocates $1.75b for projects completion

14 Feb 2010

(MENAFN) The Dubai Electricity and Water Authority (Dewa) has earmarked a budget of $1.75 billion for the completion of its ongoing projects and the commencement of new ones, Gulf News reported.

Dewa’s Chief Executive, Saeed Al-Tayer, said that the utility’s funds are part of its strategy to improve the productivity of its network and plants.

Earlier this year, Dubai’s utility said that it plans to boost private sector involvement in its power and water sector in order to save costs. This move marked a major policy change for the emirate’s government, which had until now owned and operated all Dubai’s power plants.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.