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INFRASTRUCTURAL DEVELOPMENT - ELECTRICITY & WATER

Dewa posts Dh4.24b profit on lower costs

Posted on 13/04/2009

Dubai Electricity and Water Authority (Dewa), the emirate's sole utility provider that has billions of dirhams worth of investment commitments, made a profit of Dh4.24 billion last year compared with a loss of Dh744 million in 2007. Its revenue during the year increased by 52.5 per cent to Dh9.29 billion, while the cost of generation and distribution fell by about 32 per cent to Dh4.34 billion. Dewa's finance cost last year rose 46 per cent to Dh489 million as the utility's borrowings ...  >>MORE

World Water Day in Abu Dhabi

Posted on 11/04/2009

The Environment Agency Abu Dhabi (EAD) organised on Friday an open day on the occasion of World Water Day under the theme ‘Water is for all–Save it', at Formal Park near the Corniche. Six governmental authorities including the Abu Dhabi Municipality, Ministry of Environment and Water, Gasco Co., Zayed University, and Higher Colleges of Technology took part. The open day included training on how to reduce water consumption and children's awareness and their roles concerning conservation. ...  >>MORE

RAKIA set to commission two new power plants set up at a total cost US$130 million

Posted on 08/04/2009

Ras Al Khaimah's new 84- megawatt Al Ghail Power Plant will start commercial production next week and will meet the energy needs of companies located at the Al Ghail Industrial Park. The gas- based power plant, set up by Ras Al Khaimah Investment Authority (RAKIA) has been successfully test fired and is ready to be connected to the grid powering the industrial park. RAKIA will also fully commission the 45-megawatt open cycle gas-fired power plant, Al Hamra- 1 within a week. The plant has ...  >>MORE

Siemens Energy hands over Al Taweelah New B Extension in Abu Dhabi

Posted on 01/04/2009

Siemens Energy has handed over the Taweelah New B Extension combined cycle power station with seawater desalination plant to the customer Taweelah Asia Power Company (TAPCO) headquartered in Abu Dhabi. The local Abu Dhabi Water and Electricity Authority (ADWEA) has a 60-percent and Asia Gulf Power Holding Company Ltd. a 40-percent stake in TAPCO. Siemens as consortium leader built the combined cycle plant as a turnkey project together with the partners Fisia Italimpianti and Babcock Borsig ...  >>MORE

FDI funds Dh60bn Adwea projects

Posted on 31/03/2009

Projects worth Dh60 billion are being developed under the privatisation programme launched by Abu Dhabi Water and Electricity Authority (Adwea), it was revealed yesterday. "Abu Dhabi's experience of privatisation has been successful by all standards," Abdulla Saif Al Nuaimi, Adwea's Director of Privatisation, told Emirates Business. "Ten projects are being executed currently, including eight in the field of desalination and power generation and two related to the treatment of sewage. The ...  >>MORE

Dewa secures US$2.2b funding

Posted on 31/03/2009

Fifteen local and foreign banks have committed about US$2.2 billion in a three-year syndicated loan to Dubai Electricity and Water Authority (Dewa), enabling the utility provider to pay off its Dh8 billion loan maturing in April. Each of the 15, half of them UAE banks, is contributing up to US$200 million, Dewa managing director and CEO Saeed Mohammad Al Tayer, said. "It [the loan] is on the way. We are able to achieve this ahead of time," said Al Tayer, who announced recently that Dewa will ...  >>MORE

Siemens to build Dh1.7b power plant in Abu Dhabi

Posted on 31/03/2009

Germany's Siemens Energy has secured a Dh1.7 billion order for building a power plant with an integrated seawater desalination facility at Shuweihat on the outskirts of Abu Dhabi, its chief executive officer said. The power plant will have a capacity in excess of 1,500 megawatts and will feed nearly 455,000 cubic metres of water into the local drinking water network. "We are on track with the project, which is together called Shuweihat II, and will be completing it by September 2011,” ...  >>MORE

Dewa to spend Dh13b in 2009

Posted on 23/03/2009

The Dubai Electricity and Water Authority (Dewa) plans to invest Dh13 billion this year in new projects as part of its Dh75-billion spending plan to build capacity to match the emirate's future economic growth. This year's spending comes despite Dewa delaying a mega power generation and water desalination plant in Jebel Ali for a year amid slower consumption growth. "The budget for 2009 is about Dh13 billion," Dewa's managing director and chief executive officer Saeed Mohammad Al Tayer told ...  >>MORE

DEWA commissions two power transmission stations at Dh 1 billion

Posted on 07/03/2009

Dubai Electricity and Water Authority (DEWA) has commissioned two key transmission stations with a combined capacity of 400 kilovolt at a total cost of Dh 1060 million, H.E Saeed Al Tayer, Managing Director and CEO of DEWA, has announced. 'The first station was commissioned at Warsan area at a total cost of over Dh 405 million while the other was established at the Gardens at a value of Dh 655 million," he said. 'The two stations, part of DEWA's strategy, will contribute to boost DEWA's ...  >>MORE

DEWA earmarks Dh 57 bn for new projects

Posted on 05/03/2009

Work is in progress to execute major projects of production, transmission and distribution of electricity and water and that the production capacity will reach 7287 MW 333 MIGD by the end of the current year. Dubai Electricity and Water Authority (DEWA) has allocated an amount of Dh 72.5 billion, out of which Dh 15.5 billion is allocated to the projects that had come into service in the past two years and Dh 57 Billion to new projects that are under execution. H.E Saeed Al Tayer, Managing ...  >>MORE

TAPCO starts commercial operations at Taweelah

Posted on 12/02/2009

Taweelah Asia Power Company (TAPCO) announced yesterday the commence of commercial operations at its Taweelah B power plant in Abu Dhabi. The Dh 10 billion plus plant will have a production capacity of 2000 MW and 160 MIGD, a company press release said. The Taweelah B Independent Water and Power Project is the fifth and the largest IWPP developed in Abu Dhabi under the Government of Abu Dhabi's highly successful programme for the privatisation of the water and power sector being carried out ...  >>MORE

New water reservoir to boost water supplies in Sharjah

Posted on 09/02/2009

Sharjah Electricity Water Authority (SEWA) will commence the operation of a giant water reservoir in the Halwan region to boost the water supply in the emirate. The 15mn gallon reservoir built at a cost of Dh 45mn is an addition to the existing water reservoirs with a total capacity of 22.5mn gallons. The new reservoir will pump more water to all corners of the emirate, thus eliminating any scarcity in drinking water. Acting Director of the Water department at SEWA Esam Amin Al Mulla said ...  >>MORE

Nakheel's Waterfront lays foundations for two of biggest electrical substations in Middle East

Posted on 08/01/2009

Nakheel, Dubai's master developer, accomplished yet another milestone at Waterfront - casting the raft foundations for two of its 132kV substations after six months of detailed design and engineering. A total of 1,700 tonnes of concrete and 170 tonnes of reinforced steel were used to complete the foundations. Nakheel's Waterfront Electrical Infrastructure team is managing the construction of the substations which will eventually be handed over to DEWA for operation. The two teams are ...  >>MORE

Sewa to invest Dh870m to meet water demand

Posted on 22/12/2008

Sharjah Electricity and Water Authority (Sewa) is currently executing several projects in the city worth Dh870 million to meet the growing demand for water. Sewa Director General Al Waleed Khalid bin Khadem said a number of important and vital transfer lines are being built, while some old transfer and distribution lines are replaced. Distribution networks are being built or modified and the storage capacity increased to secure a proper reserve of water for emergencies. Bin Khadem said the ...  >>MORE

Sharjah boosts water and power production capacity

Posted on 10/12/2008

In the first nine months of the current year, Sharjah's production of underground and desalinated water grew by about 5 per cent to 23.9 million gallons of drinking water compared to 22.7 million gallons of drinking water in the corresponding period last year, according statistics released by Sharjah Electricity and Water Authority (SEWA). As for power, the figures showed an increase of 6.8 per cent to 7483,3 million kilowatt from 7006,9 million kilowatt for the same period under review. Eng. ...  >>MORE

Taqa, Gazprom to launch Dutch gas storage project

Posted on 06/12/2008

Amsterdam - Abu Dhabi National Energy Company said on Friday it had signed a memorandum of understanding with Gazprom to jointly develop the Bergermeer gas storage project in the Netherlands. Abu Dhabi National Energy, also known as Taqa, said construction of the project is expected to start in the second quarter next year, with commercial operations scheduled to start in the second quarter of 2013. Once operational, the majority of the facility's capacity will be made available for third ...  >>MORE

GCC needs 100, 000 megawatts of energy in 10 years

Posted on 08/11/2008

Panwell Energy Foundation Manager Neil Walker, has estimated that Gulf Cooperation Council countries will additional 100, 000 megawatt of energy in the next 10 years to meet growing demands for energy. He lauded in a statement the results of the Abu Dhabi International Petroleum Exhibition Conference, which concluded yesterday. "Panwell is keen to attend such major and important events of the energy industry, which capture attention of the GCC, Arab and world leaders". Walker noted that as ...  >>MORE

Khor Fakkan desalination plant commissioned

Posted on 04/11/2008

H.H. Sheikh Abdullah bin Salem Al Qasimi, Deputy Ruler of Sharjah, yesterday opened the Khor Fakkan water desalination plant in the eastern region of Sharjah. Sheikh Abdullah, who is the Board Chairman of Sharjah Electricity '&' Water Authority (SEWA) commissioned the plant's second phase of 2.5 million gallons per day, bringing the plant's total production to 5 million gpd. "SEWA's future plans include construction of a 3 million gpd desalination plant in Kalba, as well as installation of an ...  >>MORE

TAQA reports 318% growth in net profit

Posted on 31/10/2008

Abu Dhabi, UAE - Abu Dhabi National Energy Company PJSC, a publicly listed company on the Abu Dhabi Securities Exchange (ADX: TAQA), yesterday reported financial results for the period ended 30 September 2008. Net profit after minority interests increased 318%, reaching Dh1.6 billion in the first nine months of 2008 compared with Dh381 million in the same period in 2007. Basic earnings-per-share reached 35 fils for the first nine months of 2008, compared with 9 fils for the same period in ...  >>MORE

Abu Musa Island gets new power and water plants

Posted on 28/10/2008

The Sharjah government has provided for the Abu Musa island new power generating and water desalination plants to supply the people of the island their requirement of water and electricity. The Sharjah Electricity and Water Authority (SEWA) provided the island with a 1100-Kilowatt power generator and a 15,000 gallons per day capacity water desalination plant. Both plants will start operation within the next few days. The Abu Musa power plant has a total production capacity of 3.267 million ...  >>MORE

Khorfakkan desalination plants begins operation

Posted on 20/10/2008

The Khorfakkan Desalination plant began production yesterday with a generation capacity of 5 million gallons per day, the Sharjah Electricity '&' Water Authority (SEWA) announced. "The plant will produce 2.5 MGPD in the initial phase following completion of the trial operation, technical tests and water filtration," said Ahmed Mohammed Al Mulla, SEWA's Deputy Director for technical Affairs. He added that the next phase will see installation of highly capable membranes and production of ...  >>MORE

Dubai commits Dh72 billion for utility projects

Posted on 29/09/2008

Dubai has committed the amount of Dh72 billion to fund its utility projects which have been implemented during 2008 or are still under construction to meet future demand. This is in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as Ruler of Dubai. Saeed Mohamed Al Tayer, Managing Director and Chief Executive Officer of Dubai Electricity and Water Authority (DEWA) in a statement said the budget will enable DEWA to implement it biggest projects ...  >>MORE

Taqa finalises sale deal with Japan's Sumitomo

Posted on 29/09/2008

The Abu Dhabi National Energy Company (Taqa) said yesterday it had finalised a deal with Japan's Sumitomo Corporation to sell 20 per cent of its stake in a major power generation company in the UAE. The government-controlled Taqa, one of the largest energy investment companies in the Middle East, said the deal also involved the sale of 50 per cent of another Abu Dhabi-based venture to the Japanese giant. "Please be informed that Taqa has completed all contractual procedures regarding the sale ...  >>MORE

GCC states to invest US$120 billion in power in the next 10 years

Posted on 27/09/2008

Abu Dhabi - Following a hugely successful event in 2008, POWER-GEN Middle East will see a welcome return to the hospitality of the Kingdom of Bahrain for the region's premier conference and exhibition for the power generation, transmission '&' distribution and water industries. POWER-GEN Middle East has announced that the 2009 event will be hosted at the Bahrain International Exhibition Centre, Manama, Kingdom of Bahrain, from 17th to 19th February, for the 3 day conference and exhibition. ...  >>MORE

Abu Dhabi will remain a leader in world energy industry: Global energy expert

Posted on 26/09/2008

With an impressive record of serving its global customers: Abu Dhabi will remain a leader in world energy matters, according to a top executive at the world energy giant Royal Dutch Shell. 'We'll need all the help technology can give, as the world faces such great energy and environmental challenges. But, above all, the world will need leadership. And here Abu Dhabi can and will play a very strong role - through the vision of UAE President His Highness Sheikh Khalifa bin Zayed, supported by ...  >>MORE

Dewa plans new power stations

Posted on 15/09/2008

Dubai Electricity and Water Authority (Dewa) has set out to construct three main power generation stations with a capacity of 400/132 KV in three modern development locations in Dubai as well as electricity transference lines with a capacity of 400KV, with the total cost of the three stations and lines up to Dh2.120 billion, Saeed Mohamed Al Tayer, Dewa's Managing Director and Chief Executive Officer has revealed. This is in line with the directives of His Highness Sheikh Mohammed bin Rashid ...  >>MORE

TAQA sells stake in Shuweihat CMS International Power Co to Sumitomo

Posted on 05/09/2008

The Abu Dhabi National Energy Company (TAQA), a publicly-listed company on the Abu Dhabi Securities Exchange, announced that it has entered into a share purchase agreement with Sumitomo Corporation for the sale of a 20% interest in Shuweihat CMS International Power Company (SCIPCO) and a 50% interest in Shuweihat O'&'M Limited Partnership (SOMLP). The sale concludes an international competitive bid process launched by TAQA earlier this year. SCIPCO owns the Shuweihat S1 Plant, a power ...  >>MORE

Taqa to purchase EnCore Oil Nederland B.V.

Posted on 04/09/2008

Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, yesterday announces that it has agreed the purchase of EnCore Oil Nederland B.V., a wholly owned subsidiary of EnCore Oil plc, whose only asset is a 10 per cent interest in the Amstel field offshore Netherlands, for US$5.5m in cash on completion. Following completion of the transaction EnCore Oil Nederland B.V. will be integrated into TAQA Energy B.V. – Emirates News Agency, WAM ...  >>MORE

Taqa begins converting bonds into shares

Posted on 04/09/2008

The Abu Dhabi National Energy Company, Taqa, said yesterday it has started the conversion into shares of Dh4.15 billion bonds it has issued to shareholders and other investors over the past two months. In a letter to the Abu Dhabi Stocks Exchange, where it is listed with more than 60 companies, Taqa said it has begun converting the bonds in line with specified terms that the conversion would start 60 days after issuance. "Taqa is in the process of obtaining required approvals to finalise the ...  >>MORE

Regional business leaders say UAE should invest in alternative energy

Posted on 03/09/2008

As the impending energy crunch presents a looming challenge to the Middle East and the climate crisis calls for action, a recent poll conducted by Leaders Presents reports that 92% of regional business leaders believe the UAE should invest in the research and implementation of alternative and renewable energy in the form of solar or wind power, bio-fuels or other sources. A peaceful Atomic Energy program came in as a close second option, with 69% in agreement. The survey, which reflects the ...  >>MORE

UAE's water project investments jump 20%

Posted on 25/08/2008

UAE's investments on water projects have increased by 20 per cent from US$11.62 billion in 2007 to US$14bn in 2008. The number of projects, which leapfrogged from 39 to 55 to date, is expected to rise further due to continuous increase in population and sustained economic activities. According to data from projects information specialist ProLeads, ongoing and planned water projects in the country have already touched US$14bn, half of which has been dedicated for processing waste water while ...  >>MORE

Demand for water and electricity to grow remarkably in Abu Dhabi

Posted on 24/08/2008

Demand for water in the emirate of Abu Dhabi will grow by 43pc in the next five years, while the demand for electricity will almost double in this period, according to projections made by the Abu Dhabi Water and Electricity Authority (ADWEA). In the absence of adequate resources of ground water or flowing rivers, the emirate depends largely on desalination of the sea water for sanitation. Desalinated water constitutes the major source for drinking water, agricultural and industrial needs. ...  >>MORE

25% of Gulf water has been consumed: Report

Posted on 18/08/2008

Recent reports concerning energy consumption in the UAE have stated that 25% of Gulf water has been consumed, with 1/5 of it being used for electrical energy. The reports also stated that the UAE would need 10 billion dollars to satisfy energy demand for the next ten years, due the increasing developments and projects on land that rise 12% each year. As the world relies on 90% of electrical power from traditional energy sources, whether chemically from batteries, converting dynamic energy to ...  >>MORE

UAE needs US$10b to satisfy energy demand by 2018

Posted on 18/08/2008

The UAE will need US$10 billion to satisfy energy demand in the next ten years, due to increasing development and projects on land that are growing at the rate of 12 per cent each year, according to reports. The Gulf Cooperation Council countries are developing power generation projects, collectively worth between US$160-US$220 billion. These countries also play an important role in exporting capital, estimated at US$30 billion, to third world countries, according to International Bank ...  >>MORE

UAE will build 68 dams in five years

Posted on 14/08/2008

The UAE will build 68 dams in the coming five years, Dr Mohammed Mustafa Al Mulla, Deputy Minister of Water and Soil Affairs said on Tuesday. The move aims at protecting the UAE's natural water resources as well as meeting the increasing water requirements in the emirates. Dr Mulla also revealed that the ministry was preparing a new federal law draft to protect the country's water resources in a bid to meet the future water demand. 'We are currently working on the draft law. The details will ...  >>MORE

Dewa offers cash incentives for customers to switch off

Posted on 13/08/2008

The Dubai Electricity and Water Authority [Dewa] is offering residents the chance to win cash prizes by reducing the amount of electricity and water they use on a daily basis. A new conservation programme entitled the 'Best Consumer Award' has been introduced as an incentive for Dubai residents to cut down on their energy consumption. The award, which will see 13 consumers win prizes, is part of a larger programme that includes practical tips to all consumers in government, as well as the ...  >>MORE

SEWA awards contract for energy recover technology for power plant

Posted on 11/08/2008

Sharjah Electricity and Water Authority (SEWA) has awarded Energy Recovery, Inc. (ERI), a contract to provide the energy recovery technology for the Hamriyah Phase 1 Power Station Seawater Reverse Osmosis (SWRO) Desalination Plant. Aqua Engineering GmbH and ERI have signed a supply agreement for PX energy recovery devices for the 24 million gallons per day (MGD) plant to be located in Sharjah. The plant was awarded to Austrian company Aqua Engineering GmbH, a subsidiary of Christ Water ...  >>MORE

UAE's demand for power needs over US$10b: BMI

Posted on 04/08/2008

The UAE needs to spend more than US$10 billion to meet soaring power demand, said Business Monitor International (BMI) in its overview of the country's power sector. Quoting a report by Dubai Chamber, BMI said Dubai alone will have to boost its power generating capacity to 9.5 GW by 2010, BMI estimated. The UAE will account for 5.77 per cent of regional power generation by 2011, added BMI which offers analysis, data '&' forecasts on all country across the Middle East. With aims to leverage the ...  >>MORE

Taqa to borrow US$4.5bn to finance expansion

Posted on 04/08/2008

The Abu Dhabi National Energy Company (Taqa) said yesterday it would borrow US$4.5 billion (Dh16.5 billion) to fund an aggressive investment drive that could lift its assets to US$60bn and turn it into one of the world's major energy investment players. The government-controlled company, already one of the largest oil investment firms in the Middle East, said the loans would include US$1.5bn in bonds and US$3bn in direct credits from banks and other financial institutions. In a letter to the ...  >>MORE

Campaign launched to save water, energy

Posted on 23/07/2008

Dubai Electricity and Water Authority (Dewa) has launched a campaign to raise awareness of water and energy conservation among the public under the slogan "Now that you know, don't let it go." The campaign is a sequel to the "Your Decision Campaign" initiative that marked the introduction of a slab-based tariff system. The new campaign, which will target government departments, private companies and shopping malls, seeks to educate the public on avoidance of wastage of water and power to ...  >>MORE

TAQA joins United Nations Global Compact

Posted on 22/07/2008

The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), yesterday announced that it has joined the United Nations Global Compact (Compact), the world's largest voluntary corporate responsibility initiative. The Compact is an initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies and procedures, focused on addressing human rights issues, environmental concerns and corporate ...  >>MORE

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Quick List

Dewa posts Dh4.24b profit on lower costs


World Water Day in Abu Dhabi


RAKIA set to commission two new power plants set up at a total cost US$130 million


Siemens Energy hands over Al Taweelah New B Extension in Abu Dhabi


FDI funds Dh60bn Adwea projects


Dewa secures US$2.2b funding


Siemens to build Dh1.7b power plant in Abu Dhabi


Dewa to spend Dh13b in 2009


DEWA commissions two power transmission stations at Dh 1 billion


DEWA earmarks Dh 57 bn for new projects


TAPCO starts commercial operations at Taweelah


New water reservoir to boost water supplies in Sharjah


Nakheel's Waterfront lays foundations for two of biggest electrical substations in Middle East


Sewa to invest Dh870m to meet water demand


Sharjah boosts water and power production capacity


Taqa, Gazprom to launch Dutch gas storage project


GCC needs 100, 000 megawatts of energy in 10 years


Khor Fakkan desalination plant commissioned


TAQA reports 318% growth in net profit


Abu Musa Island gets new power and water plants


Khorfakkan desalination plants begins operation


Dubai commits Dh72 billion for utility projects


Taqa finalises sale deal with Japan's Sumitomo


GCC states to invest US$120 billion in power in the next 10 years


Abu Dhabi will remain a leader in world energy industry: Global energy expert


Dewa plans new power stations


TAQA sells stake in Shuweihat CMS International Power Co to Sumitomo


Taqa to purchase EnCore Oil Nederland B.V.


Taqa begins converting bonds into shares


Regional business leaders say UAE should invest in alternative energy


UAE's water project investments jump 20%


Demand for water and electricity to grow remarkably in Abu Dhabi


25% of Gulf water has been consumed: Report


UAE needs US$10b to satisfy energy demand by 2018


UAE will build 68 dams in five years


Dewa offers cash incentives for customers to switch off


SEWA awards contract for energy recover technology for power plant


UAE's demand for power needs over US$10b: BMI


Taqa to borrow US$4.5bn to finance expansion


Campaign launched to save water, energy


TAQA joins United Nations Global Compact