Dubai Electricity and Water Authority has increased the number of shares offered in IPO s first tranche (retail) from 260 million to 760 million shares. thus taking the total deal size to AED1.71 to AED1.88 billion ($465.6 million to $513.2 million).
DUBAI, 6th June, 2021 (WAM) Dubai Electricity and Water Authority (DEWA) has announced that its installed capacity has reached 12,900 megawatts (MW) of electricity and 490 million imperial gallons of desalinated water per day (MIGD) thanks to its state-of-the-art infrastructure, innovation and planning.
In comparison with the 1990s, which witnessed the merger of the Dubai Electricity Company and the Dubai Water Department and the establishment of DEWA, the installed capacity of electricity was about 1,200 MW and water was 60 MIGD. This means DEWA’s.
The electricity production capacity will further increase to 13,200MW with the commissioning of the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.