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FINANCIAL NEWS
Dubai- DEWA 2013 budget stands at USD3.76b
06 Jan 2013
(MENAFN) Dubai Electricity and Water Authority’s (DEWA) managing director and CEO, Saeed Mohammed Al Tayer, announced that the utility’s budget has been increased by USD63.96 million from 2012 to USD3.76 billion for the current year, reported Arabian Business.
Al Tayer said that of the total, USD3.40 billion would be allocated for the operating budget, whereas the remaining USD328 million would be set aside for investments in capital projects and purchases.
He noted that the utility would spend USD55.52 million on 132KV cable laying circuits at several locations in the emirate and other works for electricity transmission system.
It will also spend USD14.15 million on the installation of distribution substation equipment and low voltage cables, USD76.48 million on developing water transmission and distribution networks, and USD152.96 million to acquire cables and accessories, switchgear, transformers, and pipes.
It is worth noting that the peak power load in 2012 reached 6637MW, with a reserve margin of more than 300 MW, and the peak demand for water reached 285MIGD in the year, with a reserve margin of 185MIGD, according to DEWA.
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