The Dubai Electricity and Water Authority (DEWA) () is a

public service A public service is any service intended to address specific needs pertaining to the aggregate members of a community. Public services are available to people within a government jurisdiction as provided directly through public sector agencies ...

infrastructure company that was founded on 1 January 1992 by

Sheikh Maktoum bin Rashid Al Maktoum Sheikh Maktoum bin Rashid Al Maktoum ( ar, مكتوم بن راشد آل مكتوم, Maktūm bin Rāshid Āl Maktūm; 15 August 1943 – 4 January 2006) was an Emirati politician who served as the vice president and prime minister of the Unite ...

History

DEWA was formed by merger of the Dubai Electricity Company and the Dubai Water Department that had been operating independently until then. These organizations were established in 1959 by

Sheikh Rashid bin Saeed Al Maktoum Sheikh Rashid bin Saeed Al Maktoum ( ar, ٱلـشَّـيْـخ رَاشِـد بِـن سَـعِـيْـد آل مَـكْـتُـوْم, Ash-Shaykh Rāshid bin Sa`īd Āl Maktūm; 11 June 1912 – 7 October 1990) was the vice president ...

, the ruler of

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

at the time. The objective of the state-run company is making available to the people of Dubai an adequate and reliable supply of electricity and water. As of end of 2019, DEWA employs a workforce of 11,727 employees and provides 915,623 customers with electricity and 816,580 customers with water.https://www.dewa.gov.ae/~/media/Files/Customer/Sustainability%20Reports/DEWA%20Sustainability%20Report%202019%20EN.ashx In 2019, DEWA had an installed capacity of 11,400MW of electricity and 470 million imperial gallons of desalinated water per day. After using conventional gas-fired power plants for most of its history, DEWA now builds the 5GW

Mohammed bin Rashid Al Maktoum Solar Park Mohammed bin Rashid Al Maktoum Solar Park is a solar park spread over a total area of 77 km2 in Saih Al-Dahal, about 50 kilometers south of the city of Dubai. It is one of the world's largest renewable projects based on an independent powe ...

which is known for breaking several cost records for solar power both from phtovoltaics and from concentrated solar power. After installing an initial 13 MW (DC) solar plant as the first phase in 2013, a further 200 MW (AC) seconde phase were contracted from developer ACWA Power in January 2015. The third phase is an 800 MW PV power plant, which was started in the fall of 2015 and was completed by 2020. DEWA plans a 250 MW pumped-storage hydroelectricity at Hatta using 880 million gallons of water 300 meter above a lower dam.

Planned Initial public offering

DEWA has planned to float 18 percent of its issued share capital as public offering listed on the

Dubai Financial Market The Dubai Financial Market (DFM) ( ar, سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. Overview , there are 67 companies listed on DFM. Most of them are UAE-based companie ...

(DFM), the

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

is estimated to $22.6 billion.

References

External links

* Companies based in Dubai Electric power in the United Arab Emirates Government agencies of Dubai Government-owned companies of the United Arab Emirates Water management authorities 1992 establishments in the United Arab Emirates {{Dubai-stub

History

Planned Initial public offering

See also

References

External links