Tag Archive | "Dubai electricity and water authority"

DEC’s International Trade Finance for Sustainable Economic Development Seminar

The Dubai Economic Council (DEC) will organise a seminar titled “International Trade Finance for Sustainable Economic Development” in strategic partnership with Deutsche Bank, Standard Chartered, FIIC and Pinsent Masons today, January 26, 2014 at the InterContinental Festival City hotel-Dubai.

The move comes as part of the DEC’s vision to become the strategic partner for the Government of Dubai in economic policy-making and its mission to advise the government on innovative economic strategies and advocate sound economic policies that promote prosperous business environments, productivity, and a healthy investment climate, as well as to enhance Dubai’s competitiveness in the world economy.

The seminar is inclusive of presentations given by experts from two major international namely Deutsche Bank and standard Chartered about their role in facilitating international finance given by major Export Credit Agencies (ECAs), e.g., the US Ex-Im Bank. Presentations by besides the FIIC will explicitly demonstrate its frameworks and benefits of collaborating with them and utilising their expertise and experience in the field of international projects development. The mentioned entities have substantial experience in international project development and finance as well as procurement, logistics, and transport for international construction projects. They provide expert support in all areas of ECA financing, from the loan application stage through final disbursement. Customers worldwide benefit from ECAs’ diligence, dedication to accuracy, and deep knowledge of ECA requirements.

On this occasion, H.E. Hani Al Hamli, DEC Secretary-General stated that the seminar centred on the vital role played by export credit agencies such as the U.S. Ex-Im bank provide credit facilities to countries trading partners such as the UAE and Dubai, in addition to the review of the role of international banks in this area such as Deutsche Bank and Standard Chartered.

Sharing local experiences

It will also review some of the local entities such as the Dubai Electricity and Water Authority (DEWA) experience in the field of international finance. This is followed by a review of financial services company and investment (FIIC) which will provide a detailed explanation of the mechanism of action with respect to financial intermediation , between the US Ex-Im Bank and UAE companies benefiting from the services of the bank, and various areas of cooperation to be provided to local businesses and government agencies concerned, which will benefit from mentioned bank services and the advantages that result from such cooperation and how to take advantage of its extensive experience in the development of large-scale development projects in Dubai .

The initiative is a solid foundation to promote commercial activity in Dubai

Al Hamli stressed that this event represents an important starting point for a number of local entities operating in Dubai from the public and private sectors to promote their activities and implementation of future projects by taking advantage of the credit facilities offered by major financial institutions with the support of the global financial brokerage firms.

As for the strategic objectives of the seminar, listed the Hamli most important ones, such as, the establishment of strategic partnerships between major U.S. financial institutions and companies key national working in Dubai in various fields of direction which promotes activities and pave the way for the implementation of projects and new investments, as well as leading international finance facilitator to promote the local economic environment and support the side innovation and competitiveness by addressing one of the challenges facing the national companies which provide funding in support of the commercial activity in addition to the exchange of experiences

Initiative to meet entitlements “Expo 2020″

The DEC Secretary General added that the seminar would enhance Dubai’s position as a hub for foreign investments and the conclusion of commercial contracts and transactions that contribute to advancing economic development that benefit the various economic sectors and infrastructure projects as well as the role of finance of international trade to meet the entitlements of World Expo 2020.

Finally, Al Hamli stated that a variety of institutions from inside the country and abroad would participate in the event, mainly representatives of the U.S. Embassy and Consulate in the UAE/ Dubai, representatives of the American Business Council in Dubai and Northern Emirates, representatives of the Export Import Bank of the U.S., major international banks and service companies and brokerage America.

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DEWA commences AED 14 million SCADA project

Dubai Electricity and Water Authority (DEWA) has commenced work on a Supervisory Control and Data Acquisition (SCADA) system to monitor and control the main water network in Dubai.

The project is part of DEWA’s strategic plan to enhance the efficiency of water networks to meet the growing demand for water supply at the highest levels of availability and reliability. It also aims to enhance Dubai’s infrastructure to meet the requirements of sustainable development, and promote the Emirate as a global hub for trade, finance, tourism, and green economy.

“The key objective of implementing the SCADA system is to increase operational efficiency by monitoring the main water network round the clock and control the entire network through automatic valves or through direct orders from operators from the Monitoring Room. This contributes to identifying leakages in the shortest possible time and reducing unaccounted-for water losses in the main transmission network. The project will enhance the efficiency of the water transmission network, increase reliability and secure uninterrupted and stable water supplies to different areas of Dubai at all times,” said HE Saeed Mohammed Al Tayer, MD and CEO of DEWA.

“The project comprises state-of-the-art technologies and programmes as well as a hydraulic model of the main water network in Dubai. The project also comprises a programme to train technicians in managing the system at the highest level of efficiency. At an estimated total cost of AED 14 million, the project aims to increase operational efficiency of the main water network to meet the increasing growth and demand for water and reduce water losses all over Dubai,” added Al Tayer.

“The project will be accomplished in accordance with the set schedule, and is expected to be finished within seven months,” concluded Al Tayer.

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DEWA receives Ethiopian Prime Minister at WFES 2014

A high-profile delegation from the Federal Democratic Republic of Ethiopia visited Dubai Electricity and Water Authority’s (DEWA) stand at the World Future Energy Summit (WFES) 2014, being held under the patronage of HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and organised in Abu Dhabi from 20-22 January at the Abu Dhabi National Exhibition Centre.

Waleed Salman, Executive Vice President of Strategy and Business Development at DEWA, received the delegation which was headed by Hailemariam Desalegn, Prime Minister of Ethiopia. The delegation was accompanied by HE Dr Abdullah bin Mohammad Bel Haif Al Nuaimi, Minister of Public Works.

The Ethiopian delegation viewed a model of the Mohammed bin Rashid Al Maktoum Solar Park, which is one the largest renewable energy projects in the region and will generate 1,000MW upon completion in 2030, totalling 5% of Dubai’s total power output.

Waleed Salman provided the delegation with an overview of the Dubai Integrated Energy Strategy 2030, which aims to diversify the energy mix to comprise a mix of natural gas (71%), nuclear power (12%), clean coal (12%), and solar energy (5%), and reducing demand for energy by 30% by 2030.

DEWA also participated in the Sustainable Living Expo being held on the side-lines of WFES. Sultan Al Zaabi, Project Manager of Conservation, Outreach and Engagement at DEWA delivered a presentation on DEWA’s sustainable campaigns and initiatives aimed at achieving its vision to become a sustainable world-class utility, and supporting the Green Economy for Sustainable Development initiative, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai.

Al Zaabi emphasised the significance of designing special campaigns to communicate the conservation and awareness messages to the various community segments effectively. He highlighted the Neighbourhood Campaign, which aims to spread environmental awareness using innovative and creative means. The campaign recorded an overwhelming participation from the community members.

Al Zaabi demonstrated the initiatives and campaigns which were designed for particular community segments such as the ‘Conservation Award’ themed ‘For a Better Tomorrow’ for the educational sector, ‘Best Consumer Award’ and ‘Be Water Smart’ campaign.

 

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DEWA signs new contracts to lay low voltage cables in record time

HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), signed contracts with Power Magic Electrical Works LLC and Gulf Sands Contracting LLC last week to complete low voltage cable-laying works within one week of receiving requests made by DEWA’s relevant departments.

The contracts accord with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, to ensure the highest standards of excellence. Through such agreements, DEWA aims to strengthen the electricity infrastructure of Dubai.

“We had implemented enhancement programmes and projects to position ourselves in first place in the Doing Business report by the World Bank. We are committed to further enhancing our ranking globally and achieve first place. To achieve this, we were ranked in fourth place globally out of 186 countries and first in the Middle East and North Africa. We are investing in further strengthening our infrastructure, which also reflects our goal to be a sustainable world-class utility. We will submit reports of the new enhancements to the World Bank for their consideration in the new ranking,” said HE Tayer.

DEWA has implemented the ‘One Window’ system to strengthen ease of access to electricity and reduce the number of procedures for consultants and contractors. DEWA consistently conducts customer satisfaction surveys to further improve its services.

“The agreements will contribute to enhancing the efficiency of our services and maximise customer satisfaction. They will also enable us to complete field works and new connections easily and efficiently. This will help us to enhance our ranking globally and achieve first place,” said Rashid Humaidan, EVP of Power Distribution.

 

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Report: Renewable energy should be make up a third of world use by 2030… ‘at no extra cost’

The global renewable energy share can reach and exceed 30 per cent by 2030 at no extra cost, the International Renewable Energy Agency (IRENA) says in a report “REmap 2030,” that was published yesterday to coincide with the Wolrd Future Energy Summit in Abu Dhabi.

The study maps out a pathway for doubling the share of renewable energy in the global energy mix based on the technologies that are available today. Energy efficiency and improved energy access can advance the share of renewables in the global energy mix up to 36 per cent, according to the new report.

“There is a strong economic case for the renewable energy transition. When considering climate change mitigation, health impact and job creation, the transition practically pays for itself,” Adnan Z. Amin, IRENA’s Director-General, said. “More renewables in the energy system provide greater flexibility, increase energy independence, and make the system more resilient.”

The deployment of modern renewables – renewable energy sources that exclude traditional use of biomass – needs to grow more than threefold, the study shows. A rethinking of energy taxes and subsidies is critical to the economic case for renewable energy. A reduction of fossil fuel subsidies will facilitate the uptake of renewables. Subsidies for renewable energy can disappear altogether, if green house gas emissions and other air pollution are reasonably priced.

“Many governments are underestimating the potential of renewables in their planning the for energy transition. To reach the goal of doubling the share of renewable energy by 2030, additional efforts are needed, particularly in the building, industry and transport sectors,” Dolf Gielen, Director of IRENA’s Innovation and Technology Centre in Bonn, Germany said. “We identified five areas of national action: Planning realistic but ambitious transition pathways; creating an enabling business environment; managing knowledge of technology options and their deployment; ensuring smooth integration of renewables into the existing infrastructure; and unleashing innovation.”

“REmap 2030” builds on the analysis of the energy supply and demand of 26 countries, which account for 74 per cent of projected global total final energy consumption in 2030. IRENA collaborates with member states and research institutions for “REmap 2030,” which derives its objective from the United Nations Secretary General’s Sustainable Energy for All initiative.

The International Renewable Energy Agency (IRENA) is mandated as the global hub for renewable energy cooperation and information exchange by 124 Members (123 States and the European Union). Over 40 additional countries are in the accession process and actively engaged. Formally established in 2011, IRENA is the first global intergovernmental organisation to be headquartered in the Middle East.

IRENA supports countries in their transition to a sustainable energy future, and serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.  IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

Picture caption:  H.E. The Honourable Kevin Rudd, 26th Prime Minister of Australia, discussing the “REmap 2030″ report at IRENA’s FT Question Time in Abu Dhabi yesterday. Panelist of the debate included Michael Eckhart, Global Head of Environmental Finance and Sustainability, Citigroup; Dr José Goldemberg, Professor, University of São Paulo; Paddy Padmanathan, President and CEO, ACWA Power International; and Prof. Dr. Klaus Töpfer, Executive Director, Institute for Advanced Sustainable Studies (IASS).

 

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DEWA shows its energy saving credentials at WFES

Dubai Electricity and Water Authority (DEWA) is a Platinum Sponsor in the seventh World Future Energy Summit (WFES) 2014, which opened today in Abu Dhabi.

The summit is under the patronage of HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and runs from January 20 to 22 at the Abu Dhabi National Exhibition Centre. The theme for WFES 2014 is, ‘Powering the future of energy innovation and investment.’

DEWA’s stand at WFES witnessed a strong turnout from visitors and exhibitors who expressed their admiration of DEWA’s achievements in the fields of sustainability and renewable energy. Official delegates and decision-makers discussed ways of collaboration with DEWA to execute future projects in the areas of energy, water, environment, sustainability, and renewable energy to further boost the clean energy sector in the UAE.

“In line with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, DEWA is committed to achieving the Green Economy for Sustainable Development initiative, and support the UAE Vision 2021. DEWA is keen to participate in national and international events to exchange expertise, experiences and best practices with relevant organisations. Through our participation at WFES, we aim to evaluate and focus on the latest advanced technological solutions that can help to improve our performance in administration, operations, and services. This will further strengthen our strategic initiatives to promote the sustainable development of Dubai,” said Al Tayer.

At its stand, DEWA showcased a model of the Mohammed bin Rashid Al Maktoum Solar Park, which is one the largest renewable energy projects in the region, and will generate 1,000MW upon completion in 2030, totalling 5% of Dubai’s total power output.

HH Sheikh Mohammed bin Rashid Al Maktoum, opened the first phase of the solar park, which uses photovoltaic technology to produce 13MW, and is linked directly to DEWA’s grid, which covers all areas of Dubai. His Highness has initiated the second phase, a 100MW photovoltaic plant.

This is a leading sustainable project, and a centre for the production of energy from solar power, and a comprehensive innovation and research centre that supports the promotion of renewable energy technologies and energy efficiency. The project will also include a renewable energy academy to advance the skills of future professionals.

DEWA also highlighted its M Station for electricity generation and water desalination in Jebel Ali, which is equipped with the latest electronic devices and superior systems at a total cost of AED 10 billion. M Station has a capacity of 2,060MW of electricity, and 140 million imperial gallons of desalinated water per day.

M Station is now being expanded with new substations that have a capacity of 400MW, increasing the installed capacity of the station to 2,460MW, upon completion in 2018.

DEWA officials delivered presentations on DEWA’s Sustainable Building in Al Quoz, which is the first public sector sustainable building in the UAE, and the largest government building in the world with a Platinum rating for green buildings from Leadership in Energy and Environmental Design (LEED), the US Green Building Council institute, which has a set of rating criteria for the design, construction and operation of high-performance green buildings, homes and neighbourhoods in the world. The DEWA Sustainable Building achieved 98 out of 110 points.

The Sustainable Building reduces consumption of energy by 66% and water by 48%, and houses a 660kW onsite solar power plant.

A dedicated team has been appointed by DEWA supervise its stand and provide information about DEWA, and address general and technical questions about its projects.

Hosted by Masdar, WFES is a key event under the Abu Dhabi Sustainability Week, and is regarded as the region’s largest gathering of its kind to focus on sustainable development. The Summit aims to identify and promote sustainable solutions to address the energy sector’s challenges, climate change, and environmental pollution across the globe.

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