Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- No hike in tariff to stop power wastage says Dewa chief  Join our daily free Newsletter

MENAFN - Khaleej Times - 03/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) Dewa ceo saeed al tayer says the authority would instead aim to encourage behavioural changes through education and promote efficiency

Despite excessive consumption of electricity and water the dubai electricity and water authority (dewa) will not hike tariffs to reduce consumption.


Dewa ceo saeed al tayer told khaleej times the authority would instead aim to encourage behavioural changes through education: “we are not looking into (removing) subsidies we are looking to educate and promote efficiency.”


Al tayer was speaking after a press conference to promote the world green economy summit to be hosted by dubai this month. he will chair the summit the first such event in the region.


A united nations environment programme report in december says the uae is the third highest consumer of water per capita while the world bank places it as the 14th highest global user of electricity per capita as per 2011 data.


Conservationists suggest removing subsidies to reduce consumption. however al tayer said the “slab tariff” implemented by dewa in 2011 — charging people incrementally higher rates the more water and electricity they use — was enough.


“when you have fixed (rates) it means you encourage people to waste energy. if they use (more) they have to pay more; it’s up to them.”


Al tayer said the uae was leading the world in terms of efficient infrastructure and transmission with the world’s most efficient power plant in dubai. the line loss of electricity was just 3.5 per cent — lower than most developed nations.


The summit is part of the aim for a “clear strategy” to become a world leader in the green economy.


“we need to bring this consumption down. we need a clear strategy (to do that)” al tayer said. “green economy doesn’t mean only power consumption it means production efficiency appliances.”


Dewa executive vice-president of strategy and business development waleed salman vowed the country would become the lowest carbon emitter in the world.


The april 15-16 summit under the patronage of his highness shaikh mohammed bin rashid al maktoum vice-president and prime minister of the uae and ruler of dubai is set to attract top ministers business leaders and ngos from up to 45 countries. hosted by dewa the dubai supreme council of energy and world climate ltd (wcl) it will have five focal points.


According to wcl ceo jens nielsen surveys showed if the world was to become greener youth and women would have to be drivers of change.


Amanda?khaleejtimes.com

 


Khaleej Times




  MENA News Headlines
 Mar 3 2015 - Cruise liner traffic bound for Abu Dhabi to grow 25 percentMENAFN
(MENAFN) An increase of 25 percent in cruise liners calling at Zayed Port will help to lift the number of cruise tourists by 50 percent this season, The National reported.This season above 94 vessels ...

 Mar 3 2015 - UAE non-oil business growth declines in FebruaryMENAFN
(MENAFN) Business activity growth in the UAE non-oil private sector decreased to a five-month low in February but remained strong and above the average for 2014, a corporate survey showed, The ...

 Mar 3 2015 - Kuwait Fund grants USD23.8m to irrigation project in Lao RepublicMENAFN
(MENAFN) Kuwait Fund for Arab Economic Development (KFAED) has signed a loan agreement in the city of Vientiane with the Democratic Republic of Lao, whereby the Kuwait Fund will offer the government ...

 Mar 3 2015 - Bahrain to launch USD22b development projectsMENAFN
(MENAFN) The government of Bahrain will be carrying out giant development projects with a value exceeding USD22 billion, Minister of Information said, KUNA reported.Bahrain is continuing with its ...

 Mar 3 2015 - KFAED finances USD13.47m loan to BelizeMENAFN
(MENAFN) Kuwait Fund for Arab Economic Development (KFAED) provided a USD 13.47 million loan to Belize to help in a road restoration project, a statement by the fund showed, KUNA reported.The ...

 Mar 3 2015 - FDI in Qatar posts USD30.65bMENAFN
(MENAFN) Foreign direct investments (FDI) inflow to Qatar registered USD30.65 billion at the end of 2012, a 1.2 percent growth from a year ago. Though the FDI has targeted various economic activities ...

 Mar 3 2015 - Oman's Raeco to invest USD395.75m for power expansionsMENAFN
(MENAFN) A total of USD395.75 million will be invested by Rural Areas Electricity Company (Raeco) in the next three years to raise the power generation capacity, transmission lines and distribution ...

 Mar 3 2015 - Kuwait Investment to cut US investmentMENAFN
(MENAFN) The Kuwait Investment Office (KIO), the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on US assets after keeping that ...

 Mar 3 2015 - Oman's NDC hits sales revenue of USD60.47m in 2014MENAFN
(MENAFN) National Detergent Co. (NDC), one of the leading FMCG companies in the sultanate, has posted total sales revenue of USD60.47 million for full-year 2014, compared with USD56.13 million a year ...

 Mar 3 2015 - 100 per cent rise in FDI expected this yearKhaleej Times
(MENAFN - Khaleej Times) Egypt expects 100 per cent increase in foreign direct investment, or FDI, during the current fiscal year compared to last year, Investment Minister Ashraf Salman said on ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help