More PPPs on the way for Dubai

Major authority clears its debt; Water and Energy projects in pipeline

The Dubai Electricity and Water Authority (DEWA) has announced that it has zero debt, paving the way for more PPPs in the future.

The authority completed the final replacement of an outstanding $1.5bn bond, and has been on a programme of “ramping up” investment into energy and water infrastructure assets.

“New projects worth over AED80bn are either ongoing or envisaged for completion, in the next five years. DEWA is not necessarily counting on new borrowings for that, rather we will use internal resources and leverage public-private partnerships,” said DEWA’s CEO HE Saeed Mohammed Al Tayer.

“Reflecting the vision and directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, DEWA’s focus now is on using disruptive technologies, increasing the share of clean energy and promoting Dubai as a global hub for green economy.”