Dubai’s planned Dh40 billion ($10.9bn) investment in electricity and water projects over the next five years will focus on renewables, clean energy, electricity and water transmission and distribution networks to meet growing demand in the emirate. The new investment will cover the Hassyan Power Complex and water projects at Hassyan, in addition to completing other continuing projects in infrastructure and smart systems. The investment plans, come as energy demand in Dubai continues to grow, increasing 6.3 per cent year-on-year in the first half of 2022, driven by sustained economic recovery in the emirate
Dewa plans to invest about Dh16bn to strengthen and expand electricity and water transmission and distribution networks and about Dh12bn to complete the Independent Power Producer (IPP) projects in the Mohammed bin Rashid Al Maktoum Solar Park. A further Dh3bn will be invested to expand Emirates Central Cooling Systems Corporation (Empower), which is 70 per cent owned by Dewa. This investment will be dedicated mainly to expand district cooling capacity and network. The carbon-neutral green center, with a capacity exceeding 100MW, will be run by Moro Hub, a subsidiary of Digital Dewa, at the Mohammed bin Rashid Al Maktoum Solar Park and will use 100 per cent renewable energy.