Dubai- The Energy Budget for 2018 is Dh26.4 Billion

Vice-President and Prime Minister of the UAE and Ruler of Dubai, His Highness Shaikh Mohammad Bin Rashid Al Maktoum, approved a Dh26.4 billion worth of power and sustainable energy projects to strengthen Dubai’s position as a global model for green economy.

HH intends to increase interest in renewable and clean energy research, encourage innovative ideas and motivate young talent to participate in building the future and expansion in the application of smart solutions to keep up with development goals. 

The projects will be implemented by Dubai Electricity and Water Authority (Dewa) comes as part of the emirate’s drive to invest in traditional and non-traditional energy sources, advanced technology and innovative projects, to make Dubai a smart and sustainable city.

Dubai plans investments in non-conventional and conventional energy sources, advanced technologies and innovative projects to realise the vision of Shaikh Mohammad to make Dubai a smart, sustainable and innovative city.

Dewa understands  that renewable and clean energy plays a vital role in realizing the objectives of the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power output from clean energy by 2050.

The preferred bidder for Dewa’s 700MW concentrated solar power Independent Power Producer, IPP, model project costing Dh14.2 billion was also announced by Dewa.

“The budget supports the vision of our leadership to provide residents and citizens with excellent services in a smart and well-connected city, which is recognized as a world model for developing clean energy, inspiring creativity and innovation and promoting sustainability. Accordingly, our investment in disruptive technologies and the launch of the world’s first Sharia compliant Green Fund are testimony to Dewa’s commitment to the aspirations of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai,” said Saeed Mohammad Al Tayer, Managing Director and CEO of Dewa.

Capital projects and capital purchases are allotted an amount of Dh10.076 billion of the 2018 budget, compared to Dh8.692 billion in 2017. The 2018 budget includes Dh2.684 billion for electricity and water generation, Dh5.013 billion for power transmission, Dh1.745 billion for power distribution and Dh0.519 billion for water transmission and distribution projects, Al Tayer said.

“Transmission projects include building 3 new 400kV substations at a cost of Dh1,080 million, 116 KM of 400KV Overhead Lines at Dh812 million, 10 new 132KV substations at a cost of Dh855 million. Dh1.294 billion has been allocated for laying 235 kilometres of 132kV cables and for installing substation control systems.

Source : izmap

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