(MENAFN - Khaleej Times) The utility's operational budget will reach Dh13.151 billion in 2014, and the capital administrative budget will hit Dh352 million.
The Dubai Electricity and Water Authority, or Dewa, on Saturday confirmed a 33 per cent increase in its annual budget for 2014 compared to 2013, and also announced that the utility is fully capable of meeting all the requirements of World Expo 2020.
The utility announced that total outlay of the next year's budget will be Dh20.56 billion compared to Dh13.83 in 2013, Dewa managing director and chief executive Saeed Mohammed Al Tayer revealed in a statement.
The budget expenditure represents the utility's relentless pursuit to ensure that electricity and water requirements of Dubai will support the emirate's ambitious development plans at all levels and in all fields.
"Expenditure on projects and purchases will reach Dh7.057 billion. These include important projects like the project to generate power by using clean coal, produce power from solar energy, expansions of the M-Station for power generation and water desalination at Jebel Ali, consultancy services for introducing two gas turbines and connecting them to the 400kv D-Station, the project to increase production capacity of four gas turbines at K-Station, projects to establish main power substations, laying cables, setting up control systems and fit-outs for 11kv networks, as well as the smart grid infrastructure and smart metres," Al Tayer said.
The utility's operational budget will reach Dh13.151 billion in 2014, and the capital administrative budget will hit Dh352 million. The Dewa's existing installed production capacity is 9,646 megawatts and 470 million imperial gallons per day, or MIGD, of desalinated water.
"The electricity peak load reached 6,857MW in 2013, with a reserve margin of 2,800MW of electricity," Al Tayer said.
Peak water demand reached 296MIGD in 2013, with a reserve margin of 174MIGD. "These reserves of electricity and water will contribute to meeting the requirements of Dubai's large ambitious projects, including the Mohammed bin Rashid Al Maktoum Solar Park and other development projects. This important strategic reserve will also meet the requirements of different fields, including economy, commerce, tourism, industry, and urban development," Al Tayer added.
"Dubai winning the bid to host Expo 2020 is a landmark in the history of the UAE in general, and Dubai in particular, and the Dewa is ready and capable of meeting all the power and water requirements of this global high-profile event at the highest levels of efficiency and reliability," he concluded.