Dubai Electricity and Water Authority (Dewa) has received the ISO 55001: 2014 Certificate for Asset Management after passing an external audit conducted by an international organisation. 

 

As a result, Dewa is the first government utility in the world to receive the award for the integration of high quality asset management in operations pertaining to the generation, transmission, and distribution of electricity and water, said a statement.

 

Saeed Mohammed Al Tayer, managing director and chief executive officer of Dewa received the award in the presence of Hussain Lootah, EVP-Transmission Power at Dewa.

 

“Dewa makes use of the best international methods of practice among all fields, in addition to adopting the integrated systems needed for efficient preservation of asset management, based on the highest standards from around the globe, to assure balance between costs, risks, and asset performance, in support of our vision of becoming a sustainable, innovative world-class utility capable of achieving great results for our customers, clients, and stakeholders,” said Al Tayer.

 

“Dewa has launched a host of successful initiatives and has allocated over Dh2.6 billion ($707.8 million) towards the development of world class electricity and water infrastructure in the emirate, ahead of the World Expo 2020, which will showcase Dubai’s state of the art public facilities as well as its focus on exploring renewable energy in line with the Dubai Expo 2020’s theme of 'Connecting Minds, Creating the Future,’ which focuses on the concepts of opportunity, mobility, and sustainability," he said.

 

"It is further developing their infrastructure to become more efficient with the generation, transmission, and distribution of electricity and water, meeting the needs of customers, and developers, in light of the increasing demand for water and electricity,” Al Tayer said.

 

“Dewa’s total amount of assets is equal to Dh120 billion, while assets in conjunction with affiliated companies exceed Dh127 billion. The 2016 budget includes a number of key projects, including Dh2.957 billion in generation, Dh3.416 billion in power transmission, Dh1.209 billion in power distribution, and Dh1.042 billion in water and civil, in addition to other amounts totalling Dh95 million allocated to various other projects,” he added. - TradeArabia News Service