#DEWA

DEWA launches automatic smart grid restoration system

Dubai’s DEWA launches automatic smart grid restoration system

The system improves grid automation, fault detection, retrieval of connections and supports DEWA’s efforts to maintain supplies

DEWA

DEWA builds three water reservoirs worth Dhs550m in Dubai

These will include one in Nakhali area with a storage capacity of 120 MIG, Lusaily area with a storage capacity of 60 MIG and in Hatta with a storage capacity of 30 MIG

DEWA

DEWA reveals number of new electricity and water connections in Dubai last year

It provides its services to 3.5 million people who live in Dubai

DEWA

UAE’s DEWA reports net profit of Dhs691m for Q1 2022

Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn

Dubai

Dubai saves 2.2 TWh of electricity, 5.6 billion gallons of water in the past decade

Savings in the commercial sector between 2012 and 2021 amounted to 1.3 TWh of electricity and 2.5 billion gallons of water

DEWA plant

DEWA nears completion of SWRO plant in Jebel Ali

The Dhs897m SWRO desalination plant has a production capacity of 40 million imperial gallons per day of desalinated water

Citi, HSBC set to share up to $97m in fees from DEWA IPO

DEWA said in a statement that the selling commissions would amount to Dhs213.7m

EFG Hermes completes advisory on $6.1 bn DEWA IPO

EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX

Dubai utility surges after pulling off year’s second-biggest IPO

The IPO valued DEWA at $33.8bn

Dubai’s DEWA raises $6.1bn in EMEA’s biggest IPO since 2019

The stock is expected to start trading in Dubai around April 12

Dubai’s DEWA increases stake size from 6.5% to 17% in IPO

DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022

Abu Dhabi’s Multiply Group to invest Dhs367m in DEWA IPO

In 2021, Multiply Group acquired stakes in UAE-based assets and international high growth firms such as Firefly, Savage X Fenty, Getty images and Viola

Alpha Dhabi invests Dhs367m in DEWA’s IPO

The investment has been made through its subsidiary Alpha Dhabi Partners Holding

UAE’s DEWA IPO subscription period opens today

The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn

Museum of the Future signs partnerships with RTA, Emirates, Audi, among others

These partnerships support the museum’s role in enhancing Dubai and the world’s readiness for the future

Dubai Net Zero Carbon Emissions by 2050

Dubai to reduce almost a third of its carbon emissions by 2030

The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050

Dubai Electricity and Water Authority

Dubai’s energy demand grows 10% y-on-y in 2021

Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020

Dubai’s DEWA inaugurates 16 new substations in 2021

The total value of DEWA’s investments in electricity transmission in 2021 reached Dhs9.5bn

Dubai Electricity and Water Authority DEWA

DEWA commissioned 1,310 11kV distribution stations in Dubai in 2021

These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2

DEWA CEO discusses cooperation in renewable energy with Spanish Ambassador

The Spanish delegation expressed interest in participating in DEWA’s projects in clean and renewable energy and water

Digital DEWA’s Moro Hub breaks ground for solar-powered data centre in Dubai

The data centre will be implemented by Moro Hub at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai

Dubai plans to list district cooling firm Empower in IPO push

The government said last month it wants to sell shares in 10 companies, and it has been encouraging private and family-owned businesses to follow suit

DEWA NEW CENTRE

Dubai’s DEWA inaugurates new visitor centre in fourth phase of mega solar park

The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model

Dubai’s utility asks banks to pitch for multi-billion dollar IPO

DEWA reported net income of $1.3bn for 2019

Dubai to encourage IPOs from private firms to revive market

The city merged its economic and tourism departments on Saturday

Dubai announces plans to list utility DEWA in the ‘coming months’

The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years

Dubai’s DEWA to hold Solar Decathlon Middle East at Expo 2020 Dubai

The competition will be – for the first time in its history – linked to a World Expo 

Dubai’s DEWA enables EV users to charge at ‘green charger’ stations

Customers can locate DEWA charging stations through its website and smart app as well as through a variety of digital map platforms

Dewa Dubai

Construction on Dubai’s Dhs287.8m Nakhali water reservoir to be completed in Q3 2021

The reservoir will have a storage capacity of 120 million imperial gallons

DEWA to provide free charging to non-commercial electric vehicles in Dubai under new initiative

As of February 2021, the number of electric cars in Dubai has increased to 2,473