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Home » Dubai Electricity and Water Authority PJSC (DEWA) | Dubai Financial Market

Dubai Electricity and Water Authority PJSC (DEWA) | Dubai Financial Market

News Desk by News Desk
10 months ago
in Companies
Reading Time: 3 mins read
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Invest Bank PSC | Abu Dhabi Securities Exchange

Dubai Electricity and Water Authority PJSC (DEWA) is a UAE-based utility services provider responsible for the generation, transmission, and distribution of electricity and water desalination in the Emirate of Dubai. The company plays a crucial role in providing reliable power and water services to over 900,000 customers in the region. DEWA’s operations are further enhanced by its subsidiaries, including Al Etihad Energy Services Company LLC, Etihad Clean Energy Development Company LLC, and Jumeirah Energy International Holdings LLC, among others.

The company operates several key power generation and desalination stations, including the Jebel Ali Power & Desalination Stations, which are among the largest in the region.

Core Services and Operations

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  • Water Desalination: DEWA’s desalination plants provide clean water to meet the growing demand in Dubai.
  • Electricity Generation: The company operates a range of gas-fired and renewable energy power plants, contributing significantly to Dubai’s electricity needs.
  • Solar Power: DEWA has invested heavily in solar energy with the Mohammed bin Rashid Al Maktoum Solar Park, one of the largest solar projects in the world.
  • Energy & Water Distribution: Ensures efficient and reliable distribution of electricity and water across the Emirate of Dubai.

Key Assets
DEWA operates Jebel Ali Gas Power & Desalination Stations (Jebel Ali G, K, L, and M), and the Jebel Ali Power and Desalination Complex, which are central to the company’s supply capabilities in both power generation and water desalination.

Public Offering and Financial Performance
In 2022, DEWA posted a net profit of AED 8 billion. The company is planning a major Initial Public Offering (IPO), with plans to float 18% of its issued share capital on the Dubai Financial Market (DFM). The IPO is estimated at $22.6 billion, marking one of the most significant public offerings in the UAE.

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Sustainability Initiatives
DEWA is committed to sustainability and is a key player in the UAE’s transition to clean and renewable energy. The company’s ambitious solar energy projects, including the 5GW Mohammed bin Rashid Al Maktoum Solar Park, are central to its future strategy.

Country of Incorporation
United Arab Emirates (UAE)

Incorporation Date
January 1, 1992

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Business Sector
Utilities

Company Address
DEWA Head Office Customer Happiness Center
Zaabeel East, Near Wafi Mall, Sheikh Rashid Road, Umm Hurair 2, P.O. Box 564, Dubai, UAE

Tags: DEWADubai Electricity and Water AuthorityDubai financial marketelectricity transmissionpublic services Dubaisolar energyUAE utilitieswater desalination
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