logo
DEWA's Electricity Transmission Investments Exceed AED 7.6 Billion as Dubai Expands Energy Infrastructure

DEWA's Electricity Transmission Investments Exceed AED 7.6 Billion as Dubai Expands Energy Infrastructure

Hi Dubai4 days ago
Dubai Electricity and Water Authority (DEWA) has announced that its total investment in electricity transmission projects has now surpassed AED 7.6 billion.
The milestone includes the commissioning of four 132 kV substations during H1 2025, adding 450 MVA in capacity and extending 228 km of transmission cables across the emirate.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, stated that the expansion is aligned with Dubai's economic and social agendas and aims to meet the emirate's growing electricity demand. He confirmed that 49 new 132 kV substations and two 400 kV substations are currently under construction, with additional tenders planned for 57 more 132 kV substations and 160 km of underground cable extensions over the next three years.
The total number of transmission substations in Dubai reached 391 by the end of H1 2025, comprising 27 at 400 kV and 364 at 132 kV. Notably, new substations were completed in Al Yalayis 5, Hatta, and Warsan 4, serving both new housing projects and rural regions.
The projects have been implemented using advanced digital technologies and over 4.5 million working hours. DEWA has also awarded new contracts worth AED 1.1 billion to build 10 additional 132 kV substations across areas like Al Barsha South 2, Business Bay, and Dubai Silicon Oasis, as well as cable extensions worth AED 288 million.
News Source: Dubai Media Office
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DEWA reports record financial results for H1 2025
DEWA reports record financial results for H1 2025

Arabian Post

time9 hours ago

  • Arabian Post

DEWA reports record financial results for H1 2025

Dubai Electricity and Water Authority has unveiled its strongest-ever financial performance for the first half of 2025, with significant growth across all key metrics. The company achieved an impressive revenue of AED14.6 billion, an EBITDA of AED7.0 billion, and a net profit of AED2.9 billion, marking notable year-on-year increases. DEWA's results for H1 2025 reflect the effectiveness of its ongoing investments in infrastructure, as well as its ability to meet increasing demand. The utility reported a 6.9% increase in revenue, a 5.3% rise in EBITDA, and a substantial 13.2% jump in net profit compared to the same period in the previous year. Operating cash flow saw the most dramatic increase, soaring 61.3% year-on-year, reaching a record AED9.2 billion. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, attributed this success to the company's unwavering commitment to operational excellence and strategic investments. 'These results are a reflection of our disciplined execution and our dedication to meeting the growing demands of the UAE's development,' Al Tayer stated. ADVERTISEMENT The results also signal strong momentum within the UAE's power and water sector, with DEWA at the forefront of meeting the country's sustainable development goals. Over the years, the utility has focused heavily on modernising its infrastructure, and this has paid dividends, both financially and operationally. A key factor in DEWA's performance is its ongoing commitment to expanding and improving its infrastructure. To date, the company has invested over AED230 billion in state-of-the-art infrastructure, which has played a crucial role in supporting both growth in demand and the delivery of services to a rapidly expanding population. The company's investments are not just limited to its core areas of electricity and water supply but also extend to renewable energy projects and smart grid technologies. Looking ahead, DEWA remains focused on ensuring the resilience of its systems as it anticipates continued demand growth in the UAE. The company has laid out plans for substantial investment in sustainable energy and efficiency projects. It is currently involved in various renewable energy projects, including the Mohammed bin Rashid Al Maktoum Solar Park, which is poised to become one of the largest single-site solar parks in the world upon completion. The record financial performance also reflects DEWA's success in its commercial strategy, which includes diversification beyond traditional power and water services. The company has been exploring new revenue streams by expanding its portfolio of innovative services, including smart water and energy solutions, and has also capitalised on the growing interest in sustainability. As part of its strategy, DEWA has launched several digital transformation initiatives, including smart metering systems, which enable the utility to enhance its service delivery and improve operational efficiency. DEWA has approved a dividend of AED3.1 billion for H1 2025, which will be paid in October. This demonstrates the utility's strong financial health and its commitment to delivering value to its stakeholders, including both government and private investors. The company's ability to generate strong cash flow and maintain profitability despite the challenges faced by the broader energy sector further underscores its resilience. As one of the largest and most influential utilities in the Middle East, DEWA plays a critical role in supporting the UAE's ambitious economic diversification plans. Its growth and operational success will be instrumental in enabling the country to meet its sustainability targets, including those related to clean energy and carbon neutrality by 2050.

Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025
Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025

Emirates 24/7

timea day ago

  • Emirates 24/7

Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025

Record H1, 2025 Results AED 14.6 bn AED 7.0 bn AED 3.7 bn AED 2.9 bn AED 9.2 bn +6.9% YoY +5.3% YoY +12.6% YoY +13.2% YoY +61.3% YoY H1, 2025 Revenue H1, 2025 EBITDA H1, 2025 Operating Profit H1, 2025 Profit After Tax H1, 2025 Operating Cash * figures are rounded Record Q2, 2025 Results AED 8.6 bn AED 4.5 bn AED 2.9 bn AED 2.4 bn AED 5.3 bn +9.8% YoY +11.9% YoY +24.8% YoY +25.8% YoY +120.1% YoY Q2, 2025 Revenue Q2, 2025 EBITDA Q2, 2025 Operating Profit Q2, 2025 Profit After Tax Q2, 2025 Operating Cash * figures are rounded Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai's exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2025 consolidated financial results, recording first half revenue of AED 14.6 billion, EBITDA of AED 7.0 billion, operating profit of AED 3.7 billion, net profit of AED 2.9 billion and cash from operations of AED 9.2 billion. Quote 'DEWA is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, and Chairman of The Executive Council of Dubai, and His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance. Under their guidance, we are progressing in our journey towards Net Zero Carbon by 2050 and will continue to play a decisive role in Dubai's rapid progress,' said HE Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA. 'We are proud to report DEWA's strongest-ever financial results for both the 2nd quarter and first half of 2025 - a reflection of disciplined execution, growing demand, and our commitment to operational excellence. In H1 2025, we achieved AED 14.6 billion in revenue, AED 7.0 billion in EBITDA, and AED 2.9 billion in net profit - marking growth of 6.9%, 5.3%, and 13.2% respectively. Operating cash flow reached a record AED 9.2 billion, up 61.3% year-on-year. Also, we approved a dividend of AED 3.1 billion for H1, 2025, which is payable in October, 2025. To date we have invested over AED 230 billion in state-of-the-art infrastructure. Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai's sustainable development. Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai's economic growth, our robust business model and our sector leading operational benchmarks that are acknowledged to be No 1 globally.' added Al Tayer. Financial performance summary DEWA delivered a record financial and operational performance for the six months ended 30 June 2025. Revenue rose by 6.9% year-on-year to AED 14.6 billion, driven by continued growth in electricity and water demand, as well as steady expansion in district cooling through Empower. EBITDA increased by 5.3% to AED 7.0 billion, supported by improved operating efficiencies and effective cost control across core segments, highlighting the Group's strong underlying profitability. Net profit for the period grew 13.2% to AED 2.90 billion, reflecting higher operating income, and decline in net finance costs by 15.45% compared to the same period in the previous year. Capital expenditure during the period totalled AED 4.6 billion, covering investment in generation capacity, transmission networks and district cooling infrastructure. DEWA expects stronger revenue and profit contribution in the second half of the year, considering the seasonal pattern of our business. The Group remains focused on delivering long-term growth through strategic investments in clean energy, digital infrastructure, and water desalination, in alignment with Dubai's Green Economy vision. DEWA continues to demonstrate financial resilience, operational excellence, and consistent value creation for its stakeholders. Operating performance summary In the second quarter of 2025, DEWA's total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh marking a 10.88% increase from the 15.3 TWh recorded during the second quarter of 2024. Notably, DEWA generated 3.3 TWh of clean energy during the quarter. This clean energy accounted for 19.46% of the total energy generated in Q2, 2025. DEWA is committed to using clean energy to maintain a sustainable generation mix to meet the consistently growing demand. In addition, DEWA delivered 2.18 TWh from Hassyan power plant and 11.46 TWh from its remaining generation portfolio during the second quarter of 2025. DEWA experienced a 2.95% increase in its quarterly peak power demand compared to Q2, 2024, reaching 10.545 GW. The quarterly gross heat rate of 7,693 BTU/kWh achieved, represents a stellar 7.01% improvement over the same period from the previous year. Collectively, these achievements highlight the company's unwavering commitment to delivering operational excellence while facing very strong top line demand. DEWA's total desalinated water production in the second quarter of 2025 grew by 9.55% compared to the previous year, reaching a record of 40.78 billion Imperial Gallons (BIG). The peak daily desalinated water demand reached 475 MIG which is a 5.87% increase over the same period of the previous year. At the end of the second quarter of 2025, DEWA served 1,292,487 customer accounts, representing a 4.81% increase in customer accounts from the same period in the last year. Select quarterly highlights In the second quarter of 2025, DEWA commissioned two 132 kV substations, and four hundred and eighty three 11kV substations. By the end of the first half of 2025, the company's system installed generation capacity reached 17.979 GW with 3.860 GW of this capacity representing renewable energy. The company's installed desalinated water production capacity was 495 MIGD. DEWA Total Installed Capacity as of June 30th, 2025 Generation Plant Capacity (MW) Desalination Type MIGD Jebel Ali & Al Aweer 11,519 Jebel Ali Multi-stage Flash 427 Mohammed bin Rashid Al Maktoum Solar Park 3,860 Jebel Ali Reverse Osmosis 63 Hassyan Power Plant 2,400 Palm Jumeirah Sea Water Reverse Osmosis 5 Warsan Waste Management Center 200 Total 17,979 Total 495 By the end of 2030, DEWA plans to have total installed power generation capacity of 22 GW and 735 MIGD of desalinated water. Of this 22 GW, around 7.5 GW will be from renewable sources, representing 34% and out of 735 MIGD water production capacity, 308 MIGD will be using reverse osmosis technology utilizing renewable energy. Corporate Actions: Dividends & Dividend policy As per DEWA's dividend policy, the Company expects to pay a minimum annual dividend of AED 6.2 billion in the first five years starting October 2022. The dividends are paid semi-annually in April and October. On 10th April 2025, DEWA distributed AED 3.1 billion as dividend for H2, 2024 to its shareholders, based on a record date of 3rd April 2025. For H1, 2025, DEWA has sought and received approvals to distribute AED 3.1 billion to its shareholders based on a record date of 17th October, 2025. Audited Financials DEWA's audited financials can be found at DEWA's website: or on DFM's website Contacts About Dubai Electricity and Water Authority PJSC DEWA was created in 1992 as a result of the merger of the Dubai Electricity Company and the Dubai Water Department. DEWA is the exclusive electricity and water utility provider in Dubai. DEWA was listed on the Dubai Financial Market in April 2022. DEWA's attractive business profile, as viewed by investors, has led to the historic success of this public listing that attracted US$ 85 billion demand and 37 times oversubscription. The Group generates, transmits and distributes electricity and potable water to end users throughout Dubai. DEWA owns 56% of Empower, currently the world's largest district cooling services provider by connected capacity, and owns, manages, operates and maintains district cooling plants and affiliated distribution networks across Dubai. The Group also comprises several other businesses including Mai Dubai, a manufacturer and distributor of bottled water, Digital DEWA, a digital business solutions company, and Etihad ESCO, a company focused on the development and implementation of energy efficient solutions. To learn more, visit Cautionary statements relevant to forward-looking information This news release contains forward-looking statements relating to DEWA's operations that are based on management's current expectations, estimates and projections about the energy industry and other relevant industries that DEWA operates in. Words or phrases such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'targets,' 'forecasts,' 'projects,' 'believes,' 'seeks,' 'schedules,' 'estimates,' 'positions,' 'pursues,' 'may,' 'could,' 'should,' 'will,' 'budgets,' 'outlook,' 'trends,' 'guidance,' 'focus,' 'on schedule,' 'on track,' 'is slated,' 'goals,' 'objectives,' 'strategies,' 'opportunities,' and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, DEWA undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

DEWA's profit after tax hits Dhs2.9 billion
DEWA's profit after tax hits Dhs2.9 billion

Gulf Today

timea day ago

  • Gulf Today

DEWA's profit after tax hits Dhs2.9 billion

Dubai Electricity and Water Authority (DEWA), on Friday reported its first half 2025 consolidated financial results, recording first half revenue of Dhs14.6 billion, EBITDA of Dhs7.0 billion, operating profit of Dhs3.7 billion, net profit of Dhs2.9 billion and cash from operations of Dhs9.2 billion. Saeed Mohammed Al Tayer, Vice Chairman and MD & CEO of DEWA, said, 'We are proud to report DEWA's strongest-ever financial results for both the 2nd quarter and first half of 2025 - a reflection of disciplined execution, growing demand, and our commitment to operational excellence. In H1 2025, we achieved Dhs 14.6 billion in revenue, Dhs7.0 billion in EBITDA, and Dhs2.9 billion in net profit - marking growth of 6.9%, 5.3%, and 13.2% respectively. Operating cash flow reached a record Dhs9.2 billion, up 61.3% year-on-year. Also, we approved a dividend of Dhs 3.1 billion for H1, 2025, which is payable in October, 2025. To date we have invested over Dhs230 billion in state-of-the-art infrastructure." He added, "Our results demonstrate the resilience of our model and the ability to generate strong returns while advancing Dubai's sustainable development. Looking ahead, we expect consistent value creation for our stakeholders, supported by Dubai's economic growth, our robust business model and our sector leading operational benchmarks that are acknowledged to be No 1 globally.' DEWA delivered a record financial and operational performance for the six months ended 30 June 2025. Revenue rose by 6.9% year-on-year to Dhs14.6 billion, driven by continued growth in electricity and water demand, as well as steady expansion in district cooling through Empower. EBITDA increased by 5.3% to Dhs7.0 billion, supported by improved operating efficiencies and effective cost control across core segments, highlighting the Group's strong underlying profitability. Net profit for the period grew 13.2% to Dhs2.90 billion, reflecting higher operating income, and decline in net finance costs by 15.45% compared to the same period in the previous year. In the second quarter of 2025, DEWA's total energy generation Including Energy import from IPPs soared to a high of 16.9 TWh marking a 10.88% increase from the 15.3 TWh recorded during the second quarter of 2024. Notably, DEWA generated 3.3 TWh of clean energy during the quarter. This clean energy accounted for 19.46% of the total energy generated in Q2, 2025. DEWA is committed to using clean energy to maintain a sustainable generation mix to meet the consistently growing demand. In addition, DEWA delivered 2.18 TWh from Hassyan power plant and 11.46 TWh from its remaining generation portfolio during the second quarter of 2025. DEWA experienced a 2.95% increase in its quarterly peak power demand compared to Q2, 2024, reaching 10.545 GW. The quarterly gross heat rate of 7,693 BTU/kWh achieved, represents a stellar 7.01% improvement over the same period from the previous year. Collectively, these achievements highlight the company's unwavering commitment to delivering operational excellence while facing very strong top line demand. DEWA's total desalinated water production in the second quarter of 2025 grew by 9.55% compared to the previous year, reaching a record of 40.78 billion Imperial Gallons (BIG). The peak daily desalinated water demand reached 475 MIG which is a 5.87% increase over the same period of the previous year. At the end of the second quarter of 2025, DEWA served 1,292,487 customer accounts, representing a 4.81% increase in customer accounts from the same period in the last year. In the second quarter of 2025, DEWA commissioned two 132 kV substations, and four hundred and eighty three 11kV substations. By the end of the first half of 2025, the company's system installed generation capacity reached 17.979 GW with 3.860 GW of this capacity representing renewable energy. WAM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store