#DEWA
The system improves grid automation, fault detection, retrieval of connections and supports DEWA’s efforts to maintain supplies
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
It provides its services to 3.5 million people who live in Dubai
Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn
Savings in the commercial sector between 2012 and 2021 amounted to 1.3 TWh of electricity and 2.5 billion gallons of water
The Dhs897m SWRO desalination plant has a production capacity of 40 million imperial gallons per day of desalinated water
DEWA said in a statement that the selling commissions would amount to Dhs213.7m
EFG Hermes has advised on other landmark listings such as ACWA Power’s offering on Tadawul and ADNOC Drilling’s milestone IPO on ADX
The stock is expected to start trading in Dubai around April 12
DEWA is expected to list on the Dubai Financial Market on or around April 12, 2022
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
The investment has been made through its subsidiary Alpha Dhabi Partners Holding
The price range is set between Dhs2.25 and Dhs2.48 per share, implying a market capitalisation of between Dhs112.5bn and Dhs124bn
These partnerships support the museum’s role in enhancing Dubai and the world’s readiness for the future
The Dubai Supreme Council of Energy approved updated plans for the programme that will help the UAE meet its net-zero goal by 2050
Energy demand in 2021 reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020
The total value of DEWA’s investments in electricity transmission in 2021 reached Dhs9.5bn
These stations are mainly spread across Mohammed bin Rashid Gardens, Airport City, Wadi Al Safa, and Al Yafra 2
The Spanish delegation expressed interest in participating in DEWA’s projects in clean and renewable energy and water
The data centre will be implemented by Moro Hub at the Mohammed bin Rashid Al Maktoum Solar Park in Dubai
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
The 950MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park has investments totalling Dhs15.78bn based on the IPP model
DEWA reported net income of $1.3bn for 2019
The city merged its economic and tourism departments on Saturday
The utility has projects valued at around Dhs86bn that are planned to be commissioned in the next five years
The competition will be – for the first time in its history – linked to a World Expo
Customers can locate DEWA charging stations through its website and smart app as well as through a variety of digital map platforms
The reservoir will have a storage capacity of 120 million imperial gallons
As of February 2021, the number of electric cars in Dubai has increased to 2,473