Dubai to announce bidder for clean coal power plant

Dubai - Dewa organises conference to promote risk management

Dubai will announce the preferred bidder to build a clean coal power plant on October 13, an official told Reuters on Thursday.
Construction of the 1,200 megawatt Hassyan plant would start next year, after commercial, legal and financial issues are finalised, said Saeed Mohammed Al Tayer, MD and CEO of the Dubai Electricity and Water Authority (Dewa).
Dewa has organised the second annual Enterprise Risk Management Conference 2015 to promote enterprise risk management in organisations across the region, and raise awareness about risk management in the public and private sectors. The conference was held under the patronage of Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, and in partnership with the Institute of Risk Management (IRM).
In his opening speech, Saeed Mohammed Al Tayer, MD and CEO of Dewa, highlighted the importance of enterprise risk management policies, and related practices and expertise. Al Tayer also received the ISO 31000 certificate from the British Standards Institution. Dewa has built a risk management system according to the certificate's requirements, to ensure achieving its strategic objectives by developing policies, procedures, and guidelines related to safety and mitigating negative impact of risks if they occur.
"The objective of this conference whose theme is World Risk 2015, and is held in partnership with the UK Institute of Risk Management, is to promote the concept of enterprise risk management, and build awareness about it, especially among government organisations in Dubai. Risk management, and cyber risks in particular, is a major international topic that countries discuss. I would like here to refer to the talks held lately between China and the US on cyber security and combating cyber-attacks," said Al Tayer.
"To keep up with these global developments, this year's conference brings together risk-management experts and local and international decision makers in all sectors including aviation, finance, energy, infrastructure, and consultancy.
Through Dewa's experiences and expertise, we provide a comprehensive platform, that showcases the best practices in this area," added Al Tayer.
Dewa is the first organisation in the Middle East to apply the SAP system for risk management and adopt the ISO 31000-certified global best practices and the most integrated management systems in enterprise risk management that are closely linked to its planning and strategy. Dewa has also started implementing SAP Governance, Risk, and Compliance (SAP GRC 10.1-HANA) system, which is part of our strategy to use the latest technologies and solutions in our operations.
"Developing risk management plans has become crucial in enterprise strategic planning, as it helps to deal with risks and emergencies, effectively and efficiently, and avoids negative impact on the organisation's performance. Through this conference, we will work to raise standards of risk management strategies, and apply the methodology in an integrated manner that will identify risks that could affect financial, operational, strategic, environmental, and health and safety aspects, and develop preventative plans. We hope this conference will lead to fruitful partnerships in risk management policies," said Al Tayer.
- business@khaleejtimes.com with inputs from Reuters

• Dubai