DEWA's 2013 budget is Dh 13.8bn

In accordance with the directives of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide all requirements for ambitious development plans at all levels and aspects, and in line with its endeavour to meet the Emirate of Dubai's growing demand for water and electricity services, Dubai Electricity and Water Authority (DEWA) has announced its Budget for the current year 2013 estimated at Dh 13.8 billion, compared to Dh 13.6 billion in 2012. Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said, "The budget includes an amount of Dh 12.508 billion for operating budget and Dh 1.206billion for capital projects and capital purchases which comprises Dh 204m for 132 KV cable laying circuits at various locations in Dubai and other works for electricity transmission system in addition to Dh 52m for installation of distribution substation equipment and low voltage cables." He added, "An amount of Dh 281m will be for developing water transmission and distribution network in various parts of Dubai and Dh 562m is for purchase of cables and accessories, switchgear, transformers, pipes etc besides other items relating to capital projects and capital purchases, in addition to Dh 120.351m as administration capital budget." "The total combined production capacity at the end of 2012 is 9646 MW of electricity and 470 MIGD of water. During the last year the peak power load reached 6637 MW with a reserve margin exceeding 3000 MW. On the other hand, the peak demand for water during 2012 was 285 MIGD with a reserve margin estimated at 185 MIGD of water," said Al Tayer. "These reserve margins will contribute to the fulfilment of the power and water requirements of the recently announced prestigious mega-development projects, such as the Mohammed Bin Rashid Garden City project among others," he added. "Additionally, these important strategic reserves will meet the future electricity and water needs of various economic, commercial, tourism, industrial and urban sectors," confirmed Al Tayer