AED 28 billion invested to increase power generation and water desalination
Utilities provider Dubai Electricity and Water Authority (DEWA) will launch tenders by the end of 2010, as part of its AED 28 billion investment programme.
The tender is for the construction of the proposed Independent Water and Power Production (IWPP) facility in Hassyan, due for commission 2014.
The sum, which is expected to be spent over the next two years, will fund a 20% rise in power generation and a 40% rise in desalinated water by the end of 2012. The increased production is expected to meet demand until 2015.
“Dewa’s expansion strategy requires a substantial amount of capital and other long-term expenditure, including those relating to the development of new generation and desalination plants, the construction of additional power transmission and distribution networks, water transmission and distribution pipelines and reservoirs and other installations necessary for the operation of its business,” the company said in local media reports.
The tender process was deferred in February 2009, and then amended from an engineering, procurement and construction contract (EPC) to a fully-private venture, including financing, construction, maintenance and operation.