Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors.
A high-level delegation led by Saeed Mohammed Al Tayer, MD & CEO of Dewa and Chairman of Dewa International, visited London to meet the senior leadership of ING, a multinational Dutch bank offering sustainable lending and infrastructure project financing, as well as Actis, a global equity investor specialising in sustainable infrastructure, energy and real estate assets in growth markets.
The visit is part of Dewa's strategy to strengthen global partnerships and deepen co-operation with global companies specialised in infrastructure investments, said a statement from the Dubai utility.
The delegation included Waleed bin Salman, Executive Vice President of Business Development and Excellence; Marwan bin Haidar, Executive Vice President of Innovation and the Future at Dewa; and several senior Dewa officials.
At the meeting, Al Tayer said over the decades, Dewa has helped drive Dubai's remarkable growth through both ambition and consistent, outstanding performance.
It currently ranks first globally across 13 key performance indicators for utility service performance, and holds two leading regional positions in production, transmission and distribution, and customer service, he stated.
Dewa International was recently established to strengthen Dubai’s global position and transfer Dewa's proven expertise and successful operating model to international markets.
Leveraging Dewa’s capabilities in project development, finance, technology, digital innovation, project management, and operations, Dewa’s overseas investment arm is planning to develop, finance, deliver, and operate power and water infrastructure projects around the world.
“We achieved a world record in electricity Customer Minutes Lost (CML) per year at just 0.82 minutes (about 49 seconds) per year. Dewa achieved world’s lowest electricity transmission and distribution network losses at 2%, and water transmission and distribution losses at 4.4%, which is among world’s lowest,” he stated.
Dewa continues to work toward the goals of the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Strategy 2050 by expanding its reliance on renewable and clean energy and improving production and consumption efficiency, he added.-TradeArabia News Service
