Dewa completes 14 projects in first half


11/07/2012 09:55 AST  Khaleej Times

Dubai utility announced on Monday it has completed 14 projects worth Dh2.7 billion in the first six months of the year that will further enhance its transmission network.

Dubai Electricity and Electricity Water Authority (Dewa) has successfully completed two 400kV substations at a total cost of Dh900 million in the first half of this year, where one was built in the same period last year.

It has also completed construction of 12 of the 132kV substations, valued at Dh1.8 billion, where seven were built during the same period last year. These are part of DEWA’s strategy to enhance its transmission network.

“Dewa is working to improve the efficiency and reliability of its networks to support the completion of key projects, specifically those for infrastructure, to meet growing demand for its services,” Dewa managing director and chief executive officer Saeed Mohammed Al Tayer said.

Dewa has also awarded a new contract to enhance the reliability and effectiveness of its high-voltage transmission network through the use of the most modern global technologies, such as Static Var Compensators.

Dewa has other ongoing projects underway including two 400kV substations valued at Dh960 million and laying a further 132km of overhead lines and ground cables for its 400kV transmission network, worth Dh720 million. It is also working to create 27 more 132kV substations at a projected cost of Dh1.5 billion with the laying of an additional 340km of 132kV cables, valued at Dh1.6 billion.

Another 400kV substation is due to go live along with 10 more 132kV substations in the second half of this year.

Economic and Business News
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | News Archive

JAN | FEB | MAR | APR | MAY
Most Viewed Companies
Ticker Price Volume
RIBL 23.45 33,391
UCA 35.6 105,359
SAGRINSURANCE 25.7 227,050
WATANIYA 101.25 231,715
BURUJ 47.4 452,457
EMAAR 5.77 11,344,967
GUCIC 25.6 200,138
Recent News

Qatar Airways prepares for major presence at Arabian Travel Market
Qatar Airways will have a major presence at the Arabian Travel Market (ATM) in Dubai, a four day event that attracts the creme de la creme of the travel industry from around the world. The airline r

DIB conducts school roadshows
Following the recent launch of Shaatir, its savings account for children, Dubai Islamic Bank (DIB) has embarked on a roadshow of 30 schools in the UAE, to educate school children on the importance of

QNRF awards $121m in research funding to national priority projects
Qatar National Research Fund (QNRF) has announced new research grants worth a total of $121m, under its flagship funding program, the National Priorities Research Program (NPRP). The announcement ca

49% Occupancy growth in ME Market Prompts Major Investment
Rotana, the leading hotel management company in the Middle East and Africa, announced that guests in key markets will now be able to access information on the company’s official website rotana.com in

Mobily partners with PCCW Global
Mobily, the second largest telecoms company in Saudi Arabia, said its subsidiary Bayanat Al Oula has signed a co-operation agreement with PCCW Global to enhance its business opportunities.

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?