01 August 2022

Dubai Electricity and Water Authority (Dewa) has announced that the capacity of its current projects with the private sector using the Independent Power Producer (IPP) model has exceeded 4,000 MW with the total investments hitting over AED40 billion ($11 billion).

Its key projects using the IPP model include Mohammed bin Rashid Al Maktoum Solar Park, Hassyan Power Complex and Hassyan Desalination Plant, said its top official.

Through this model, Dewa was able to save an additional investment of approximately AED26 billion, which allows it to further invest in other infrastructure projects, explained Managing Director and CEO Saeed Mohammed Al Tayer.

“Through this model, we have achieved world-class results and developed a new benchmark for solar energy prices for every kilowatt hour, thus making Dubai a global benchmark for solar energy prices,” he stated.

The IPP projects, he stated, contribute immensely to support the Dubai Clean Energy Strategy 2050 and the Net Zero Carbon Emissions Strategy 2050 that aims to provide 100 per cent of Dubai’s power capacity from clean energy sources by 2050.

Previously, Dewa adopted the EPC (engineering, procurement and construction) model for its power generation projects. “Since 2014, Dewa has pioneered the IPP model,” Al Tayer added. 

• Damac starts piling at Dubai Marina tower
• Dewa’s IPP projects net $11bn in investments
• Aldar launches Yas Golf Collection community
• Arada to complete work on 5,000 homes
• Alef Group unveils new 2,210-unit development
• Besix group clinches Abu Dhabi schools PPP
• Empower to develop mega DC project
• Facade work complete on Uptown Tower

Tags

Abu Dhabi Pipes Facilities Management Landscaping Just Out TechTalk Focus: GCC Projects Market Regional News Saudi Focus UAE Focus Events Legally Bound Tenders Manufacturers & Procurement

Gulf Construction is the undisputed leading trade journal for the building and construction industries of Saudi Arabia and the other Gulf states. The magazine provides editorial coverage on a wide range of topics which are of interest to industry professionals. In addition, regular features highlight technological developments within specific industry fields. Launched 40 years ago, the magazine has established an enviable reputation as an authoritative, respected journal with unmatched coverage of the Gulf region. Gulf Construction is essential reading for anyone with a serious interest in the region’s building and construction industry.