The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
Dewa is recognized as one of the more advanced and commercially minded power utilities in the region with a history of good operational and financial performance. It is the exclusive provider of power and water in the Emirate of Dubai, fully owned by the Government of Dubai and a key contributor to its strength and sustained development. Dewa does not have any significant exposure that causes concern. On the contrary, the Authority confirms the continuation of a healthy growth rate in terms of Electricity & Water consumption so far in this year and better-than-budget performance, both operationally and financially. Our 3rd quarter performance figures are already released to the public a month back and we confirm we are on track to end this year also on a healthy note.
Our lenders are aware of the Authority’s financial strength, past performance record and the stability of our revenue streams. It is a testimony to their appreciation of these factors that we can confirm today that we have already secured lenders’ confirmation to continue their strategic partnership with us undisturbed.
The Authority reiterates that it will continue to contribute to the healthy development of Dubai by providing safe, reliable and clean supplies of Electricity and Water, strive to achieve even higher standards of excellence in its Generation, Transmission & Distribution and Desalination operations, meet and exceed its customers’ expectations, in line with Dubai’s strategic vision.
Saeed Mohd Al Tayer
MD & CEO
Dubai Electricity & Water Authority
The anniversary coincides with the UAE’s decision to extend the ‘Year of Sustainability’
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