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.

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