
DEWA approves AED 3.1 bln dividend payment for H2 2024
Dubai Electricity and Water Authority (DEWA) reported that its shareholders have, in the general assembly have approved the payment of total dividend of AED 3.1 billion for H2 of 2024.
The meeting, chaired by Chairman of the Board of Directors of DEWA, Matar Humaid Al Tayer, was attended by MD & CEO of DEWA Saeed Mohammed Al Tayer, and Members of the Board of Directors of DEWA as well as 92.2 per cent of the shareholders. During the meeting, a Board of Directors was elected for the next three years.
Matar Humaid Al Tayer, said, "Dubai continues to consolidate its position as a global leader in economic growth, sustainability and innovation. At DEWA, we take great pride in being a key pillar of this success, ensuring that the energy and water infrastructure keeps pace with the rapid growth Dubai is witnessing.'
Saeed Mohammed Al Tayer, said, 'In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED 30.98 billion, EBITDA of AED 15.73 billion and net profit after tax of AED 7.23 billion Our consolidated annual revenue grew by 6.17 per cent, primarily driven by rising demand for electricity, water, and cooling services.'
'DEWA's network now serves over 1.27 million customer accounts, and we take pride in achieving the world's lowest electricity line losses at 2 per cent; the world's lowest water network losses at 4.5 per cent; the world's lowest Customer Minutes Lost (CML) of less than one minute per year—setting a global benchmark for reliability,' noted Al Tayer.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
35 minutes ago
- Khaleej Times
Dewa adds 800MW of clean energy production capacity to its energy mix in 2025
The total production capacity of the Mohammed bin Rashid Al Maktoum Solar Park has increased to 3,860 megawatts (MW), using photovoltaic (PV) solar panels and concentrated solar power (CSP) technologies. Since the beginning of this year, DEWA has added 800MW from the sixth phase of the solar park, bringing clean energy's share to approximately 21.5% of its total production capacity. 'The Mohammed bin Rashid Al Maktoum Solar Park is our key project to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of the emirate's energy production capacity from clean sources by 2050. By 2030, the solar park's production capacity will reach 7,260MW, with clean energy making up 34% of DEWA's energy mix. This will reduce approximately eight million tonnes of carbon emissions annually,' said Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (Dewa). The first phase of the Mohammed bin Rashid Al Maktoum Solar Park, with a capacity of 13MW using PV solar panels, was commissioned in October 2013. In March 2017, the second phase, with a capacity of 200MW, was inaugurated. It also uses PV technology and was the first solar energy project of its kind in the region based on the independent power producer (IPP) model. In November 2020, the third phase of the solar park was inaugurated with a capacity of 800MW. This phase, also using PV technology, was the first in the Middle East and North Africa to use single-axis solar tracking to enhance energy generation. In December 2023, the fourth phase of the solar park was inaugurated with a total capacity of 950MW, combining CSP and PV panels. It uses three hybrid technologies to produce clean energy: 600MW from a parabolic basin complex, 100MW from a solar power tower and 250MW from PV solar panels. In June 2023, the fifth phase, with a capacity of 900MW, was inaugurated using photovoltaic panels. DEWA is currently working to complete the sixth phase of the solar park, with a capacity of 1,800MW using PV panels. DEWA has invited international developers to participate in the implementation of the seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will have a capacity of 1,600MW. This phase, which is expandable to 2,000MW, will utilise PV solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours. This will make it one of the world's largest solar-plus-storage projects. The phase will be implemented under the IPP model.


Dubai Eye
an hour ago
- Dubai Eye
Dubai Police recognised as world's strongest police brand
Dubai Police has officially been ranked the strongest police brand in the world, topping the Institutional Brand Value Index issued by Brand Finance. The force earned a top-tier AAA+ rating and an overall score of 9.2 out of 10, following an international study involving more than 8,000 stakeholders across 10 countries. The assessment praised Dubai Police for outstanding performance in areas including ethics, innovation, operational efficiency, transparency and public trust — outperforming other global police forces across all eleven reputation benchmarks. Highlights of the evaluation include: 67% recognition for safety and security assurance, 64% for effective duty performance, 60% for commitment and integrity, and strong public engagement through social media and transparency. The force also stood out for its use of technology in crime prevention and its modern, forward-thinking approach to law enforcement. According to Brand Finance, Dubai Police contributes a brand value of AED 57.9 billion to the UAE's overall national brand, which now stands at over AED 4.48 trillion. The report positions Dubai Police as more than just a top-tier security agency — it's now a key part of the UAE's global soft power, setting a new international benchmark for policing excellence.


Zawya
2 hours ago
- Zawya
‘Critical minerals availability pose growing threat to energy transition'
Critical minerals such as copper and silver, which underpin the clean energy transition, are increasingly exposed to supply chain vulnerabilities, according to a senior executive at UAE-based cable and wire company Ducab. Speaking at the World Utilities Congress held from 27–29 May 2025 in Abu Dhabi, Shailendra Pratap Singh, Vice President for GCC, Europe, and the Americas at Ducab stated that copper demand is set to double within five to ten years, while traditional supply sources such as Chile, Peru, and the Democratic Republic of Congo face heightened risks from political instability and climate-related disruptions. 'There are so many political instabilities and climatic impacts, so any new investment that goes in needs a lot of approvals,' he said. He highlighted the increasing cost of copper, referencing forecasts from Goldman Sachs, which foecasts prices to reach $10,500 per metric tonne by the end of 2026, up from around $3,000 fifteen years ago. Singh added that silver, essential for solar panel manufacturing, is also under supply pressure. In response, Ducab has taken internal measures to strengthen supply chain resilience, including localised recycling initiatives. 'We try to recover and recycle our copper to the extent possible. We have in-house granulators, and we work closely with DEWA and TAQA to take the material back at the end of its lifecycle,' he said. Ducab's innovation extends to process optimisation. 'For aluminium rods, we get molten aluminium in a crucible from EGA (Emirates Global Aluminium), which is located very close to our factory. This eliminates the need to cool and remelt the material, cutting emissions significantly.' According to Singh, strengthening supply chains through material recovery and operational innovation will be essential for utilities and manufacturers as they address rising demand, resource constraints, and decarbonisation goals simultaneously. (Writing by Rajiv Pillai; Editing by Anoop Menon) (