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 announces historic $914m Hassyan Phase 1 IWP with ACWA Power

DEWA announces historic $914m Hassyan Phase 1 IWP with ACWA Power

Saeed Mohammed Al Tayer, the MD & CEO of Dubai Electricity and Water Authority (DEWA), declared Saudi Arabia’s ACWA Power as the ‘Preferred Bidder’ for the groundbreaking 180 Million Imperial Gallon per Day (MIGD) Sea Water Reverse Osmosis Hassyan Phase 1 Independent Water Producer (IWP) project. This pioneering project, representing an investment of AED 3.357 […]

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 […]