DEWA approves Dhs23.655 billion budget for 2016

This content was originally posted in 7DAYS UAE website at: DEWA approves Dhs23.655 billion budget for 2016 The Dubai Electricity and Water Authority (DEWA) has approved a total budget of Dhs 23.655 billion for 2016, compared to Dhs 22.873 billion in 2015. The new budget ensures a reliable supply of electricity and water to meet Dubai’s development plans in all its operations. In addition, DEWA has also launched projects worth over Dhs 27 billion that use the Independent Power Producer (IPP) model to leverage Public Private Partnerships and build new capacity in renewable energy and diversify the Emirate’s energy mix in the long-term. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said: “This budget for 2016 will meet all the requirements of DEWA’s projects, operational facilities, ambitious initiatives in electricity and water, and all smart grid projects and services that will contribute to supporting DEWA’s service delivery, smoothly, easily and efficiently, to all Dubai’s customers.” RELATED: How to activate DEWA services A large part of the budget will go to clean-energy-related projects in support of the Dubai Clean Energy Strategy 2050 to provide 75 per cent of Dubai’s total power output from clean energy. Dhs 8.72 billion will be allocated to capital expenditure and projects, compared with Dhs 8.028 billion in 2015. D EWA’s operational budget for 2016 is Dhs 14.165 billion compared with Dhs 13.465 billion in 2015, while the administrative capital budget is Dhs 770 million. The 2016 budget includes a number of key projects, including Dhs 2.957 billion in generation, Dhs 3.416 billion in power transmission, Dhs 1.209 billion in power distribution, and Dhs 1.042 billion in water and civil. Dhs 245 million will be budgeted to build two water reservoirs at Al Nakhly, and a further Dhs 50 million to build a water pumping station on the Dubai-Al Ain road. business@7days.ae     Read the original story at: DEWA approves Dhs23.655 billion budget for 2016