Dubai signs power project deals worth over $3 bnMarch 13th, 2008 - 9:08 pm ICT by admin
Dubai, March 13 (IANS) Dubai Electricity and Water Authority (DEWA) has signed contracts worth 12 billion United Arab Emirates dirhams ($3.26 billion) with various global firms to boost power generation and water desalination in the emirate. The contracts were signed between DEWA’s managing director and chief executive officer Saeed Mohammad Al Tayer and the CEOs of various firms on the sidelines of the Wetex exhibition in Dubai, WAM news agency reported Thursday.
The projects will support the city’s rapid economic growth and population increase, Al Tayer said.
The dirham 10.15-billion power generation and water desalination plant to be set up in Jebel Ali will be operational by 2010 summer.
The projects also comprise construction of a separate water desalination plant at a cost of dirham 3.95 billion with a total production capacity of 140 million gallons. It will be completed by June 2010.
Tags: al tayer, bn, ceos, chief executive officer, dewa, dirhams, electricity, emirate, global firms, jebel ali, managing director, mohammad, population increase, power generation, rapid economic growth, sidelines, united arab emirates, wam news agency, water authority, water desalination plant