Articles from Dubai Electricity and Water Authority

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2025 consolidated financial results, recording first half revenue of AED 14.6 billion, EBITDA of AED 7.0 billion, operating profit of AED 3.7 billion, net profit of AED 2.9 billion and cash from operations of AED 9.2 billion.

Dubai Electricity and Water Authority (DEWA) has started to receive applications for participation in the 27th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX). Organised by DEWA in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, the exhibition will take place from 30 September to 2 October 2025 at the Dubai World Trade Centre.

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, approved the payment of total dividend of AED 3.1 billion for H2 of 2024, with a record date of 31 March 2025.

Dubai Electricity and Water Authority (DEWA) has invited international developers to submit expressions of interest for a tender to develop the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase, which is expandable to 2,000MW, will use photovoltaic solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours (MWh). This will make it one of the world’s largest solar-plus-storage projects. The phase will be implemented under the independent power producer (IPP) model. DEWA has invited international developers or consortia to submit their expressions of interest by 21 March 2025.

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA achieved the world’s lowest electricity Customer Minutes Lost (CML) in 2024, recording just 0.94 minutes per customer. This breaks its record of 1.06 minutes in 2023 and is significantly lower than the 15-minute average of leading European utilities.

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA):

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first 9-month consolidated financial results for 2024, recording cumulative revenue of AED 23.5 billion, EBITDA of AED 11.8 billion, and net profit after tax of AED 5.5 billion.

The Green Mobility Hall at the Water, Energy, Technology and Environment Exhibition (WETEX) hosts leading local and international companies specialising in mobility, transport and green mobility logistics. The Green Mobility Hall highlights the most prominent innovative solutions and practices that use the latest technologies in the individual and public sustainable transport sector. These solutions aim to reduce the operational and infrastructure costs of electric vehicles (EVs), improve energy and resource efficiency in transport and promote the use of hydrogen and low-emission or carbon-free fuels.

Amid the increasing inquiries from global companies and organisations about establishing headquarters and branches in the UAE and Dubai, the 26th Water, Energy, Technology, and Environment Exhibition (WETEX) will feature a series of workshops and panel discussions that will focus on the facilitations and incentives Dubai offers to companies looking to establish new headquarters or branches in the Emirate. The workshops will highlight Dubai's flexible regulatory and legislative frameworks, diverse investment options across various sectors, attractive opportunities and promising business prospects, robust digital infrastructure, safety and security, as well as other factors that enhance investor and business confidence, positioning Dubai as a global investment hub and a preferred destination for investors and entrepreneurs worldwide.

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2024 consolidated financial results, recording revenue of AED 13.7 billion, EBITDA of AED 6.6 billion, operating profit of AED 3.3 billion and profit after tax of AED 2.6 billion.

Brand Finance, the leading international brand valuation consultancy, has revealed that Dubai Electricity and Water Authority (DEWA) is recognised to have the strongest commitment to environmental sustainability of any UAE brand. Brand Finance’s report also indicates that in the utility sector, DEWA is the most valuable utility brand in the UAE, and second in the region, with a 3% increase in brand value to USD1.1 billion. The report emphasised DEWA’s exceptional commitment to environmental, social, and governance (ESG) principles, securing its position as the leading entity in the UAE for environmental sustainability perceptions.

Dubai Electricity and Water Authority (DEWA) has started receiving applications from exhibitors and companies to participate in the 26th edition of the Water, Energy, Technology and Environment Exhibition (WETEX). DEWA organises WETEX from 1 to 3 October 2024 at the Dubai World Trade Centre.

The UAE Water Aid Foundation (Suqia UAE), under the umbrella of the Mohammed bin Rashid Al Maktoum Global Initiatives, has extended application deadline for the 4th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award, with total prizes of USD 1 million. The award aims to find sustainable and innovative solutions to address water scarcity worldwide. Companies, research and development centres, research institutes, innovators, and youth can submit their applications until 31 May 2024. This encourages the development of innovative projects, technologies, and prototypes in water desalination and purification using renewable energy sources, including solar, wind, biomass, hydropower, osmotic power, and geothermal technologies.

Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and during the World Green Economy Summit, a Ministerial Roundtable on Green Economy, was held. It was attended by HE Surangel Whipps Jr., President of the Republic of Palau; HE Patricia Scotland KC, Secretary General of the Commonwealth of Nations; James Grabert Director, Mitigation Division at UNFCCC, and ministers and officials from around the world.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the largest concentrated solar power (CSP) project in the world, within the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai.

HE Saeed Mohammed Al Tayer, Chairman of the Board of Trustees of the UAE Water Aid Foundation (Suqia UAE), has launched the 4th cycle of the Mohammed bin Rashid Al Maktoum Global Water Award. With total prizes of USD 1 million, the Award aims to recognise organisations, research centres, and innovators who develop innovative technologies and prototypes to produce, distribute, desalinate, and purify water using renewable energy. The aim is to find solutions to the water scarcity challenge facing underprivileged and afflicted communities around the world.

Dubai Electricity and Water Authority (DEWA) has started receiving applications from exhibitors and companies from around the world to participate in the 25th Water, Energy, Technology, and Environment Exhibition (WETEX) and Dubai Solar Show (DSS). The exhibition is organised by DEWA under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, from 15 to 17 November 2023 at the Dubai World Trade Centre. Registration is available on https://www.wetex.ae/Registration

Dubai Electricity and Water Authority (DEWA) has successfully launched its second nanosatellite DEWA SAT-2 aboard the Falcon 9 rocket of SpaceX from Vandenberg Space Force Base in California, USA. The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Centre, in collaboration with NanoAvionics in Lithuania. DEWA SAT-2, a 6U nanosatellite, features a high-resolution camera (4.7 metres) that will be used for Earth observation missions. The high-resolution camera provides continuous line-scan imaging in seven spectral bands from an approximately 500km orbit. The new satellite is also equipped with Infrared equipment to measure greenhouse gases.

Dubai Electricity and Water Authority (DEWA) has invited researchers and scientists to submit their research papers to participate in the first Middle East and North Africa Solar Conference 2023, which DEWA will organise from 15 to 18 November 2023. DEWA receives the applications until 30 April 2023 through https://mbrsic.ae/en/mena-sc

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) announced that DEWA is working to enrich its services with ChatGPT technology supported by Microsoft. This will make DEWA the first utility globally and the first UAE government entity to use this new technology. This is part of DEWA’s continuous efforts to promote its leadership locally and globally.

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn. Year to date, DEWA’s revenue is AED 20.63 bn and net profit is AED 6.47 bn.

The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), organised by Dubai Electricity and Water Authority (DEWA) under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, attracted 47,415 visitors in its 24th edition.

Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the 8th World Green Economy Summit (WGES) concluded in Dubai. It was organised by the World Green Economy Organization (WGEO), Dubai Electricity and Water Authority (DEWA), and the Dubai Supreme Council of Energy. The summit was held under the theme ‘Climate Action Leadership through Collaboration: The Roadmap to Net-Zero’. A large number of ministers, experts, decision-makers, officials, representatives of institutions, and the academic community from around the world took part in the Summit.

The World Green Economy Summit (WGES) will be held on 28-29 September 2022 at the Dubai World Trade Centre. WGES is held under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. It is organised by Dubai Electricity and Water Authority (DEWA), the World Green Economy Organization (WGEO) and the Dubai Supreme Council of Energy, in collaboration with international organisations.

Dubai Electricity and Water Authority (DEWA) is receiving applications from exhibitors, companies, and visitors to reserve their stands and participate in the 24th Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS), which is held under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, from 27 to 29 September 2022 at the Dubai World Trade Centre.

Dubai Electricity and Water Authority (DEWA) announced that DEWA-SAT 1, which it launched last month, is stable in its low earth orbit at 525 kilometres. It travels at some 7.5 kilometres per second and takes about 90 minutes to orbit the Earth.

Dubai Electricity and Water Authority (DEWA) has confirmed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Independent Power Producer (IPP) model. A further 600 MW will be added in Q4 of 2022 and an additional 600 MW will be added by Q3 of 2023. This will raise capacity of Hassyan Power Complex, which has been converted recently to run only on natural gas instead of clean coal, to 2,400MW.