Dewa awards $59m contract to expand water networks
Dubai Electricity and Water Authority (Dewa) will spend millions of dirhams to expand the water transmission networks in the emirate to meet growing demand.
The state-owned utility provider awarded a contract worth AED216 million ($59 million) this week for the expansion.
The work scope includes the supply, installation, testing and commissioning of glass-reinforced epoxy pipelines of varying diameters, in addition to associated works across multiple locations, the UAE state-owned Wam news agency reported.
The project also includes the installation, testing and commissioning of a 7-km main water transmission line and 20 interconnections for the transmission and distribution networks to increase flow and pressure in the network across the emirate.
The expansion is scheduled for completion within 24 months.
In November Dewa reported a net profit of AED6.8 billion between January and September, a 25 percent year-on-year increase.
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 shares closed flat at AED2.81 on Thursday, up nearly 12 percent in the year to date.
The state-owned Dubai Investment Fund owns 82 percent of the utility provider.
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