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FINANCIAL NEWS
Dubai’s Dewa reaches fiscal closure for 2.400MW coal power project
11 Dec 2016
(MENAFN) Dubai Elect and Water Authority (Dewa) has reached financial closure for the 2.400MW Hassyan clean coal power project.
Moreover, the project is supported by a 25-year Power Purchase Agreement with Dewaa, while last year is signed the PPA, Shareholders Agreement (SHA) and others.
Additionally, total investment of the project is USD3.4bn through Hassyan Energy Co., which is a joint venture between Dewa and a consortium covering Acwa Power.
The project contains four 600MW net power units, which will be operational in March 2022, March 2021, March 2022 and March 2023.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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