FINANCIAL NEWS

Dubai’s DEWA sets up consultancy tender for USD 27bn

31 Jan 2016

(MENAFN) Dubai’s Electricity and Water Authority (DEWA) was calling on asking companies to tender for advisory and regulatory development services for the emirate’s planned USD 27bn.

The “Dubai Green Fund” will offer low-cost loans for investors in Dubai’s clean energy part as part of wider green energy investment program in the desert city of 2.4mn people.

Moreover, the country uses huge amounts of energy in order to cool buildings and public spaces and to offer water through energy-intensive desalination plants.

In addition, Dubai wants to gain 7 percent of its energy from lower-emissions sources by 2020, increasing that to 25 percent in 2030 and 75 percent in 2050.

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