DUBAI, UAE – Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and the third fastest growing brand in the UAE according to the annual report issued by ‘Brand Finance’.
The report underlined the remarkable success of DEWA’s Initial Public Offering (IPO) during the first half of 2022, noting that the strength of DEWA’s brand played a fundamental role in achieving this success.
The report also highlighted the importance DEWA attaches to sustainability and green energy to achieve carbon neutrality.
Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his pride in this new achievement, which adds to the organization’s record of prestigious international achievements.
He said this global ranking reflects DEWA’s position as one of the most prominent and distinguished utilities globally.
“At DEWA, we support the vision and directives of the wise leadership, to consolidate the competitiveness of the UAE, which leads global indices in various areas,” said Al Tayer.
“DEWA spares no effort in supporting ambitious national strategies, including the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy to provide 100 percent of Dubai’s total power capacity from clean energy sources by 2050,” he said.
“The secret of DEWA’s success lies in applying the principles and practices of excellence across all its operations and activities as well as in strategic planning, in addition to including them within its corporate culture,” he added.
DEWA’s teams have made unprecedented achievements at the local and global levels. DEWA’s results surpass major European and American utilities in several indicators.
In 2021, losses from electricity transmission and distribution networks were 3.3 percent compared to around 6-7 percent in Europe and the US.
Water network losses were also reduced to 5.3 percent compared to about 15 percent in North America, making it one of the lowest water losses worldwide.
Fuel heat utilization in DEWA’s power plants reached 90 percent.
DEWA has achieved a new world record in Electricity Customer Minutes Lost (CML) per year. Dubai recorded 1.43 minutes per customer in 2021, compared to around 15 minutes recorded by leading utility companies in the European Union.
By the end of the first half of 2022, DEWA provided its services to 1,126,121 customers, according to the highest standards of quality, efficiency, availability and reliability.