Energy demand in Dubai rose by 6.3% year-on-year during the first half of this year, driven by the sustained economic recovery in the UAE, said Dubai Electricity and Water Authority.
Demand for energy during the first six months touched 23,096-gigawatt hours as compared to 21,729-gigawatt hours in the same period in 2021.
DEWA’s capacity surpassed 14,117 megawatts of electricity as well as 490 million imperial gallons of desalinated water every day, it stated in a statement on Tuesday, July 19.
The chief executive and managing director of Dewa, Saeed Al Tayer, stated that we persist in increasing the production capacity of electricity and water as per the highest standards of availability, efficiency, reliability and quality.
The economy of Dubai has recovered enormously from the pandemic-induced slowdown, with business activity in its non-oil private sector enhancing at its rapid pace in three years last month, as new orders increased sharply in spite of inflationary pressures.
DEWA, the first government entity which will list on the Dubai Financial Market, works as a vertically integrated multi-utility with several business activities, including transmission and distribution, electricity generation, water desalination and district cooling.
The utility listed shares in the month of April in the most extensive public float in the Middle East as well as Europe since Saudi Aramco went public in the year 2019, raising Dh22.41 billion ($6.1bn) from its initial public offering.
DEWA presently provides services to over 3.5 million Dubai residents and the UAE’s active daytime population of over 4.7 million.
These numbers are predicted to raise to 5.8 million and 7.8 million by 2040, respectively, it stated.
The utility is further focused on executing Dubai’s Clean Energy Strategy 2050 and Net Zero Carbon Emissions Strategy 2050 of Dubai, as part of which the UAE strives to assure 100% of energy production capacity from the clean energy sources by the year 2050.