DEWA Increases 2014 Budget By $1.8bn

DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.



Dubai Electricity and Water Authority (DEWA) said on Saturday it had increased its budget by Dhs6.7 billion ($1.8 billion) for 2014 to pay for projects and purchases.

DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.

“Expenditures on projects and purchases will reach 7.057 billion (dirhams),” the state-owned utility said.

DEWA did not say how it is going to finance the increase in the budget.