Dewa announces Dh13.8b budget for 2013

Dubai: In accordance with the directives of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide all requirements for ambitious development plans at all levels and aspects, and in line with its endeavour to meet the Emirate of Dubai’s growing demand for water and electricity services, Dubai Electricity and Water Authority (Dewa) has announced its Budget for 2013 estimated at Dh13.8 billion, compared to Dh13.6 billion in 2012.

Saeed Mohammad Al Tayer, Managing Director and CEO of Dewa, said, “The budget includes an amount of Dh12.5 billion for operating budget and Dh1.2 billion for capital projects and capital purchases which comprises Dh204 million for 132 KV cable laying circuits at various locations in Dubai and other works for electricity transmission system in addition to Dh52 million for installation of distribution substation equipment and low voltage cables.”

He added: “An amount of Dh281 million will be for developing water transmission and distribution network in various parts of Dubai and Dh562 million is for purchase of cables and accessories, switchgear, transformers, pipes etc besides other items relating to capital projects and capital purchases, in addition to Dh120.3 million as administration capital budget.”

“The total combined production capacity at the end of 2012 is 9646 MW of electricity and 470 MIGD [Million Imperial Gallons per Day] of water. During the last year the peak power load reached 6637 MW with a reserve margin exceeding 3000 MW. On the other hand, the peak demand for water during 2012 was 285 MIGD with a reserve margin estimated at 185 MIGD of water,” said Al Tayer.

“These reserve margins will contribute to the fulfillment of the power and water requirements of the recently announced prestigious mega-development projects, such as the Mohammad Bin Rashid Garden City project among others,” he added.

“Additionally, these important strategic reserves will meet the future electricity and water needs of various economic, commercial, tourism, industrial and urban sectors,” said Al Tayer.