DEWA sees revenue increase in first half of 2024, but profit declines

DEWA sees revenue increase in first half of 2024, but profit declines

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011), commonly known as DEWA, has announced its consolidated financial results for the first half of 2024. The Emirate of Dubai’s sole provider of electricity and water services, listed on the Dubai Financial Market, achieved a historic revenue of AED 13.7 billion for the period, reflecting a notable […]

DEWA, Masdar close financing on Phase 6 of world’s largest solar park in Dubai

DEWA, Masdar close financing on Phase 6 of world’s largest solar park in Dubai

Dubai Electricity and Water Authority (DEWA) and Abu Dhabi Future Energy Company (Masdar) have marked a significant milestone in the renewable energy sector with the financial closing of the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase propels the solar park into the global spotlight as the largest single-site solar […]

Larsen & Toubro secures contract for 1.8GWac solar power project in Dubai

Larsen & Toubro secures contract for 1.8GWac solar power project in Dubai

The Renewable EPC arm of Larsen & Toubro, a renowned Indian multinational conglomerate, has achieved a significant milestone by securing the contract to develop a substantial 1800 MWac Solar Photovoltaic Plant in Dubai, United Arab Emirates. This project, valued at a significant but undisclosed amount, represents a major step in renewable energy development in the […]

Empower buys Dubai International Airport’s district cooling systems for $299m

Empower buys Dubai International Airport’s district cooling systems for $299m

Emirates Central Cooling Systems Corporation (Empower), a joint venture of Dubai Electricity and Water Authority (DEWA) and TECOM Group, has acquired the district cooling systems of Dubai International Airport for AED 1.1 billion ($299.5 million). The total cooling capacity of the airport’s district cooling systems is 110,000 refrigeration tons (RT), which covers the equivalent of […]