INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Dubai energy demand grew by 5.5 percent in 2022: DEWA CEO

In 2022, DEWA scored 98 percent in the Dubai government’s Instant Happiness Index by Dubai Digital Authority, the utility's CEO said. (WAM)
  • DEWA provides electricity and water services to 3.514 million people living in Dubai and the Emirate’s active daytime population of over 4.7 million.
  • These numbers are expected to grow to 5.8 million and 7.8 million, respectively by 2040.

Dubai, UAE– Dubai witnessed a 5.5 percent increase in energy demand in 2002, from 50,402 GWh to 53,180 GWh, said Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA).

The company has outperformed major European and American utilities with a reduced line loss of 2.2 percent and a world-record low electricity Customer Minutes Lost of 1.19 minutes per customer.

In 2021, energy demand in the emirate grew by around 10 percent compared to 2020. It had reached 50,202 gigawatt-hours compared to 45,712 gigawatt-hours in 2020.

In the first half of 2022, demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh, according to Tayer.

DEWA provides electricity and water services to 3.514 million people living in Dubai and the Emirate’s active daytime population of over 4.7 million. These numbers are expected to grow to 5.8 million and 7.8 million, respectively by 2040.