Dewa announces latest water network project worth $78m

The Dubai Electricity and Water Authority (Dewa) has awarded a contract worth AED289 million ($78 million) to strengthen the state-owned utility provider’s water transmission network.

The contract covers supply, installation, testing and commissioning of glass-reinforced epoxy water transmission lines connected to the Hassyan water plant, the Dubai Media Office said in a statement.

It will include the installation of 1,200mm-diameter water lines across 32km.

The Hassyan plant, located in Jebel Ali in Dubai, is one of the world’s largest seawater reverse-osmosis projects.

The new infrastructure will strengthen network resilience and capacity to meet growing demand, reinforcing sustainability and reliability, Dewa CEO Saeed Mohammed Al Tayer said.

The works are expected to be completed in 18 months, the statement added.

Last week Dewa announced a separate project worth AED216 million to improve water infrastructure.

In November, Dewa reported a 23 percent increase in net profit of AED6.8 billion between January and September.

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It invested more than AED7.8 billion in capital expenditure during the nine-month period, expanding renewable capacity, electricity and water networks, water desalination and district cooling infrastructure. The company’s installed desalinated water production capacity was 495 million imperial gallons per day.

The company’s shares closed flat at AED2.89 on Friday, up around 1.7 percent in the year to date. The state-owned Dubai Investment Fund owns 82 percent of the utility provider.