DEWA's 2013 budget is Dhs13.835bn
- United Arab Emirates: Saturday, January 05 - 2013 at 11:59
- PRESS RELEASE
In accordance with the directives of H.H. Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai to provide all requirements for ambitious development plans at all levels and aspects, and in line with its endeavor to meet the Emirate of Dubai's growing demand for water and electricity services, Dubai Electricity and Water Authority has announced its Budget for the current year 2013 estimated at 13bn, Dhs835m compared to 30bn, Dhs600m in 2012.
He added, "An amount of Dhs281m will be for developing Water Transmission and Distribution network in various parts of Dubai and Dhs562m is for purchase of Cables and accessories, Switchgear, Transformers, Pipes etc besides other items relating to Capital Projects and Capital Purchases, in addition to Dhs120.351m as Administration Capital Budget."
"The total combined production capacity at the end of 2012 is 9646 MW of Electricity and 470 MIGD of water. During the last year the peak power load reached 6637 MW with a reserve margin exceeding 3000 MW. On the other hand, the peak demand for water during 2012 was 285 MIGD with a reserve margin estimated at 185 MIGD of water," said Al Tayer.
"These reserve margins will contribute to the fulfillment of the power and water requirements of the recently announced prestigious mega-development projects, such as the Mohammed Bin Rashid Garden City project among others," he added.
"Additionally, these important strategic reserves will meet the future electricity and water needs of various economic, commercial, tourism, industrial and urban sectors," confirmed Al Tayer.
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