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FINANCIAL NEWS
Private sector to invest in Dubai’s power, water industries
28 Feb 2011
(MENAFN) The Managing Director and Chief Executive of Dubai Electricity and Water Authority (Dewa), Saeed Mohammad Al Tayer, said that the government of Dubai is going to allow private companies to invest in the industry of power and water supply, reported Gulf News.
Al Tayer said that power and water supplies of Dubai are currently managed by Dewa. The contribution of the private sector is limited to district cooling operations which are 50 percent owned by the government.
The CEO said that private companies are already contributing in projects such as the Hassyan power and desalination plant.
Al Tayer said that Dewa’s power reserves would last until the year 2015. Dewa would concentrate on the distribution of power and water transmission.
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