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FINANCIAL NEWS
UAE’s Dewa to expend USD8.16b on solar park capacity
13 Apr 2015
(MENAFN) Dubai Electricity and Water Authority (Dewa) is set to spend a sum of about USD8.16 billion to expand the generating capacity of Shaikh Mohammad Bin Rashid Al Maktoum Solar Park, the CEO of Dewa said, Gulf News reported.
Presently, the solar park enjoys an electric generating aptitude of around 13 megawatts (MW). Dewa also announced the inauguration of the Water, Energy, Technology and Environment Exhibition (Wetex 2015) later this month.
“The Solar Park is one of the largest renewable energy projects in the region with a planned capacity of 1,000MW by 2019, at a cost of USD3.2 billion and by the completion phase in 2030 its capacity will be increased up to 3,000MW,” the CEO of Dewa added.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
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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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