ID :
51843
Mon, 03/23/2009 - 13:36
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https://oananews.org//node/51843
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Dewa to spend Dh13b in 2009
The Dubai Electricity and Water Authority (Dewa) plans to invest Dh13 billion this year in new projects as part of its Dh75-billion spending plan to build capacity to match the emirate's future economic growth according to a report in Gulf News.
This year's spending comes despite Dewa delaying a mega power generation and water desalination plant in Jebel Ali for a year amid slower consumption growth.
"The budget for 2009 is about Dh13 billion," Dewa's managing director and chief executive officer Saeed Mohammad Al Tayer told Gulf News on Sunday.
Dewa is expected to sign several contracts for transmission infrastructure at the three-day Water Technologies, Energy and Environment Exhibition (Wetex) starting in Dubai on March 29.
Al Tayer said the awarding of contracts for the Dh20-billion Hassyan project in Jebel Ali has been delayed because Dubai has "sufficient supply of power and water" for now.
The Jebel Ali project is crucial for mega real estate and industrial projects being developed in Dubai, including Dubai World Central, and Dubai Industrial City and Dubailand.
Utility consumption is expected to grow at a slower pace this year as local construction activity has weakened due to an economic slowdown. Electricity consumption grew 13 per cent in February and the demand for water was seven per cent higher compared to the same month in 2007, Al Tayer said, adding that power demand is expected to be nine per cent this year.
Last year the demand grew 15 per cent for electricity and 12 per cent for water.
Companies bidding for the Hassyan project, which is being developed in stages with an estimated total power generation capacity of 9,000 megawatt and 600 million gallons of water per day, have until September to submit their bids.
"The closing date for all bids will be September. Then we will have three months to evaluate them by January 2010. We hope by then we will be able to award the contracts," Al Tayer said.
Dewa expects to get an additional 500 megawatts at its existing power plants this year by boosting efficiency. Al Tayer said this will be achieved through investment in various technologies.
District cooling companies are also being encouraged to improve usage of power.
Depending on how these large consumers adjust their peak demand, Dewa could offer them different tariff slabs, Al Tayer said.
"They must prove that they are going to take steps with respect to their projects, how they shuffle their peak usage. Without these steps, the government will not give any incentives," he added.
This year's spending comes despite Dewa delaying a mega power generation and water desalination plant in Jebel Ali for a year amid slower consumption growth.
"The budget for 2009 is about Dh13 billion," Dewa's managing director and chief executive officer Saeed Mohammad Al Tayer told Gulf News on Sunday.
Dewa is expected to sign several contracts for transmission infrastructure at the three-day Water Technologies, Energy and Environment Exhibition (Wetex) starting in Dubai on March 29.
Al Tayer said the awarding of contracts for the Dh20-billion Hassyan project in Jebel Ali has been delayed because Dubai has "sufficient supply of power and water" for now.
The Jebel Ali project is crucial for mega real estate and industrial projects being developed in Dubai, including Dubai World Central, and Dubai Industrial City and Dubailand.
Utility consumption is expected to grow at a slower pace this year as local construction activity has weakened due to an economic slowdown. Electricity consumption grew 13 per cent in February and the demand for water was seven per cent higher compared to the same month in 2007, Al Tayer said, adding that power demand is expected to be nine per cent this year.
Last year the demand grew 15 per cent for electricity and 12 per cent for water.
Companies bidding for the Hassyan project, which is being developed in stages with an estimated total power generation capacity of 9,000 megawatt and 600 million gallons of water per day, have until September to submit their bids.
"The closing date for all bids will be September. Then we will have three months to evaluate them by January 2010. We hope by then we will be able to award the contracts," Al Tayer said.
Dewa expects to get an additional 500 megawatts at its existing power plants this year by boosting efficiency. Al Tayer said this will be achieved through investment in various technologies.
District cooling companies are also being encouraged to improve usage of power.
Depending on how these large consumers adjust their peak demand, Dewa could offer them different tariff slabs, Al Tayer said.
"They must prove that they are going to take steps with respect to their projects, how they shuffle their peak usage. Without these steps, the government will not give any incentives," he added.
