TAQA’s nine-month net income reaches Dhs15bn

TAQA Group posts Dhs15bn in nine-month net income

The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

DEWA’s Q3 revenue jumps 10.2% on demand

DEWA’s Q3 revenue jumps 10.2% on water, electricity demand

The company said its third-quarter net profit exceeds the profit of the same period last year by 6.9 per cent despite a doubling in finance costs

Empower posts Dhs2.27bn in nine-month revenue

UAE’s Empower posts Dhs2.27bn in nine-month revenue

The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023

TAQA’s half-year net income surges to Dhs13.5bn

UAE’s TAQA Group posts Dhs13.5bn in H1 net income

The company’s board of directors declared a second interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

Saudi's SFD invest in electricity project in Rwanda Image SFD

Saudi Arabia’s SFD funds electricity project in Rwanda

The project aims to build a network of medium and low-pressure power lines and electricity distribution transformers to provide electricity to homes, public institutions and social facilities

Tabreed forays into India

UAE’s Tabreed invests Dhs44m in TATA Realty’s Intellion Park

The Dubai-listed firm will acquire the existing cooling infrastructure at the Intellion Park development, which covers a total area of 3.5 million square feet

DEWA commissions new reservoir (1)

DEWA commissions 60 MIG Lusaily water reservoir

The utility firm is currently working on three other reservoir projects in Nakhali, Hassyan and Hatta in addition to the newly commissioned reservoir

DEWA approves dividend

Dubai utility giant DEWA approves $1.3bn dividend

The company’s shareholders approved the payment of H2 2022 dividend of Dhs3.1bn and a one-time special dividend of Dhs1.67bn

DEWA Head Office

Smart electricity and water meters in Dubai rise tenfold in seven years

According to DEWA, the number of smart meters has increased from 200,000 in the first phase which was completed in January 2016 to 2.1 million meters currently

DEWA DEWAVerse announced

Dubai’s DEWA launches platform in the metaverse

DEWA has been investing in metaverse technology to implement and develop current and future projects

DEWA reduces average maintenance costs by Dhs22m annually

DEWA has raised the capacity, efficiency and reliability of the electricity transmission network by implementing preventive maintenance and using SCADA system, telecommunications and tele-control systems

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

Energy Industry

Powering the future

The adoption of new technologies is set to transform the functioning of the energy and utilities sector as it transitions to a sustainable future

Oman to start removing utility subsidies from January 2021

The subsidies for the electricity and water sector are about $1.95bn

The transformative potential of digital water for smart and sustainable cities

Francois Frigaux, director of Metrology Business, Middle East at Xylem on how technology is transforming water delivery

Abu Dhabi’s ADQ expands utilities portfolio with addition of ENEC

The Abu Dhabi Executive Council issued a decree to transfer ENEC to ADQ’s ownership