Saturday, October 18

Tag: DEWA

DEWA collaborates with severalorganisations to expand EV fast charging network
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DEWA collaborates with severalorganisations to expand EV fast charging network

Dubai Electricity and Water Authority (DEWA) has signed agreement and contracts to expand the electric vehicle (EV) charging network across Dubai, as part of its EV Green Charger initiative, launched in 2014. DEWA signed the contracts and agreements with Emirates National Oil Company (ENOC), Dubai Taxi and Parkin company. “In collaboration with our partners from the government and private sectors, we are enhancing Dubai’s green mobility journey by building and developing an integrated infrastructure for charging electric vehicles. This contributes to reducing carbon emissions and achieving the goals of the Dubai Clean Energy Strategy 2050, the Dubai Net Zero Carbon Emissions Strategy 2050 and the Dubai Green Mobility Strategy. We continue to ...
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Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025 and approves dividend payment of AED 3.1 billion
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Dubai Electricity and Water Authority PJSC reports a record AED 14.6 billion in revenue for the first half of 2025 and approves dividend payment of AED 3.1 billion

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), today reported its first half 2025 consolidated financial results, recording first half revenue of AED 14.6 billion, EBITDA of AED 7.0 billion, operating profit of AED 3.7 billion, net profit of AED 2.9billion and cash from operations of AED 9.2 billion.  “DEWA is committed to be an innovative and sustainable corporation inspired by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of His Highness Sheikh Hamdan bin Mohammed bin Ras...
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DEWA receives applications from local and international companies seeking to participate in 27th edition of WETEX
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DEWA receives applications from local and international companies seeking to participate in 27th edition of WETEX

Dubai Electricity and Water Authority (DEWA) has started to receive applications for participation in the 27 th edition of the Water,Energy, Technology, and Environment Exhibition (WETEX). Organised by DEWA in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President andPrime Minister of the UAE and Ruler of Dubai, and under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, the exhibition will take place from 30 September to 2 October 2025 at the Dubai World Trade Centre.WETEX is the region’s largest trade fair, spanning key sectors such as energy, water, green development, sustainability, green mobility, and smart and sustainable cities, alongside other related industries. It is also one of the world’s larges...
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DEWA PJSC added to the MSCI Emerging Markets Index
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DEWA PJSC added to the MSCI Emerging Markets Index

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the globalinvestment community, announced that Dubai Electricity and Water Authority PJSC (ISIN: AED001801011)(Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed onthe Dubai Financial Market (DFM), is in the MSCI Emerging Markets Index, effective as of the market closeon 30 May 2025.“DEWA is proud to be the largest listed company on the Dubai Financial Market, with a market capitalizationexceeding AED 130 billion. Our inclusion in the MSCI Emerging Markets Index marks a pivotal milestone inDEWA’s journey as a publicly listed company and reinforces our growing relevance on the global investmentstage. DEWA was among largest additions to the MSCI ...
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DEWA announces record quarterly revenue of AED 5.96 billion and quarterly Cash from Operations of AED 3.85 billion 
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DEWA announces record quarterly revenue of AED 5.96 billion and quarterly Cash from Operations of AED 3.85 billion 

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, listed on the Dubai Financial Market (DFM), reported its first quarter 2025 consolidated financial results, recording quarterly revenue of AED 5.96 billion, EBITDA of AED 2.43 billion, operating profit of AED 838 million and net profit of AED 496 million.The company also generated a record net cash from operations of AED 3.85 billion resulting in closing cash and cash equivalents of AED 8.17billion, which is AED 2.07 billion higher than the balance as at year-end 2024. “We are progressing in our journey to Net Ze...
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DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024
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DEWA’s General Assembly Approves Dividend Payment of AED 3.1 Billion to Shareholders for H2 of 2024

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported that its shareholders have, in the general assembly held on 21 March 2025, approved the payment of total dividend of AED 3.1 billion for H2 of 2024, with a record date of 31 March 2025.  The meeting, chaired by HE Matar Humaid Al Tayer, Chairman of the Board of Directors of DEWA, was attended by HE Saeed Mohammed Al Tayer, MD&CEO of DEWA and Members of the Board of Directors of DEWA as well as 92.2% of the shareholders. During the meeting, a Board of Directors was elected for the next three years. ...
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DEWA invites international developers to submit expressions of interest for the 1,600MW 7th phase of the Mohammed bin Rashid Al Maktoum Solar Park, with 1,000MW of energy storage
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DEWA invites international developers to submit expressions of interest for the 1,600MW 7th phase of the Mohammed bin Rashid Al Maktoum Solar Park, with 1,000MW of energy storage

Dubai Electricity and Water Authority (DEWA) has invited international developers to submit expressions of interest for a tender to develop the 1,600-megawatt (MW) seventh phase of the Mohammed bin Rashid Al Maktoum Solar Park. This phase, which is expandable to 2,000MW, will use photovoltaic solar panels and a battery energy storage system with a capacity of 1,000MW for six hours, providing a total storage capacity of 6,000 megawatt-hours (MWh). This will make it one of the world’s largest solar-plus-storage projects. The phase will be implemented under the independent power producer (IPP) model. DEWA has invited international developers or consortia to submit their expressions of interest by 21 March 2025. The 7th&n...
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