Al Masdar Issue 83 Eng 4
Al Masdar Issue 83 Eng 4
ae
AL ISSUE 83
JUNE 2022
Our Purpose
Providing globally leading sustainable, efficient, and reliable power and water THE BEST SUCCESSOR
services, and related innovative smart solutions.
TO THE BEST PREDECESSOR
Our Vision
A globally leading sustainable innovative corporation.
The late Sheikh Khalifa bin Zayed Al Nahyan, may his soul and prosperity continues under the wise leadership of His
rest in peace, passed away after a journey of generosity, with Highness Sheikh Mohamed bin Zayed Al Nahyan, President
Our Mission significant achievements across all levels, locally and globally.
He was the leader of empowerment who continued the path
of the UAE. He is the best successor to the best predecessor
who spares no effort to continue the journey of development
of the late Sheikh Zayed bin Sultan Al Nahyan and led the so that the flag of the Union remains fluttering high, and the
We are committed and aligned to Dubai’s 8 Principles and 50-Year Charter UAE to outstanding achievements in all areas, ensuring its UAE continues its achievements and carries on its mission
supporting the UAE’s directions through the delivery of global leading services distinguished position globally. The late Sheikh Khalifa bin of spreading goodness and peace among all countries and
Zayed Al Nahyan was known for his humanity and sincerity. people across the world. His Highness Sheikh Mohamed bin
and innovative energy solutions enriching lives and ensuring the happiness of Throughout his life, he served his people and led the UAE’s Zayed Al Nahyan is an outstanding global leader, respected
our stakeholders in a sustainable manner. economic prosperity and sustainable development. He placed and appreciated by world leaders. He occupies a prominent
the affairs of the UAE and its citizens at the top of his place in the hearts of the people of the UAE and the world.
priorities, providing them with decent lives. He was also keen
Our Values to spread goodness and peace among all people of the world
and extended a helping hand to all those in need. His legacy
We thank Almighty Allah for having a leadership that places
the happiness and well-being of citizens, residents, and
has become a model for unlimited giving, charitable and visitors as a top priority. We pledge our allegiance to the
Stakeholder Happiness, Sustainability, Innovation, Excellence, humanitarian work, and his achievements and initiatives will UAE and our wise leadership, guided by their insightful vision
and Good Governance. remain engraved in the hearts and conscience of all people and wise directives. We will do our best to serve our dear
of the world, particularly the people of UAE. country, protect its gains and ensure further achievements,
so that the UAE becomes the world’s leading nation by its
Our Motto What comforts us is that the journey of success, progress Centennial in 2071.
Al Masdar Issue 83
6 7
MOST LOVED PHOTO COVER STORY
The late Sheikh Khalifa bin Zayed the Bani Yas tribe, which is the mother From his father, he inherited honourable
Al Nahyan was President of the UAE tribe of most Arab tribes. He was born in values, good traits, generosity, and
for 18 years from 3 November 2004 Al Muwaiji fort in Al Ain, in 1948. He was courage. He also learned leadership,
following the passing away of the the eldest son of the late Sheikh Zayed good management, decision-making,
late Founding Father, Sheikh Zayed bin Sultan Al Nahyan and his mother, and ways of development.
bin Sultan Al Nahyan, until he passed Sheikha Hessa bint Mohammed bin
away on 13 May 2022. Sheikh Khalifa’s Khalifa bin Zayed Al Nahyan, who named With the transfer of the late Sheikh
insightful vision and his exceptional him after his grandfather Sheikh Khalifa Zayed bin Sultan Al Nahyan to the city
leadership consolidated the security, bin Shakhbout. of Abu Dhabi to become Ruler of the
stability and development for the Emirate in August 1966, Sheikh Khalifa
people and the nation. Sheikh Khalifa studied at the Nahyaniya began practicing what he had learned
School established by the late Sheikh at the hands of the Founding Father,
The late, Sheikh Khalifa bin Zayed Zayed bin Sultan Al Nahyan. He spent who appointed him as the Ruler’s
bin Sultan bin Zayed bin Khalifa bin most of his childhood in Al Ain and Al Representative in the Eastern Region,
Shakhbout bin Theyab bin Issa bin Buraimi, accompanied by his father, who to make his way to leadership at the age
Al Masdar Issue 83
Al Masdar Issue 83
Nahyan bin Falah bin Yas, belonged to governed Al Ain region at that time. of 18 at the time.
8 9
COVER STORY
hub of excellence for policies, technology, plant, the largest independent solar model. Its capacity until June was 1,527
resources and financial knowledge in power plant in the world, constitutes megawatts (MW) with future phases to
renewable energy. a safe, reliable and sustainable source reach 5,000 MW by 2030.
of renewable energy, using the latest
Abu Dhabi Future Energy Company technical innovations. The prominent position of the UAE
(Masdar) was established as a global today comes as a result of the wise
leader in renewable energy and The Mohammed bin Rashid Al vision of the late Sheikh Khalifa bin
sustainable urban development. This is in Maktoum Solar Park in Dubai, which is Zayed Al Nahyan, may his soul rest in
addition to supporting the diversification implemented by Dubai Electricity and peace. The journey continues under
of its economic sources and energy for Water Authority, is the largest single- the wise leadership of HH Sheikh
the benefit of future generations. The site solar park in the world, using the Mohamed bin Zayed Al Nahyan,
inauguration of the Noor Abu Dhabi Independent Power Producer (IPP) President of the UAE.
Region, especially those aimed at prosperity of UAE citizens. This aimed to global competitiveness related to the National Day
improving agriculture. His remarkable complement Zayed’s development path. energy and infrastructure sector for “December 2” is
success in Al Ain was the beginning of the year 2021. adopted as the
World Future’s
a long career in serving the UAE and its Sheikh Khalifa steered the development Day
people, and the beginning of a leadership of the oil and gas sector and the Exceptional achievements in clean
role with skills reflected in outstanding downstream industries that have and renewable energy under Sheikh The first Arab
country to go to
achievements. Afterwards, he held a contributed so successfully to the Khalifa’s leadership space.. the arrival of
number of key positions in the Emirate country's economic diversification. He Hope Probe to
until he was nominated as Crown Prince undertook extensive tours throughout The UAE has established its globally Mars on 9 February
of Abu Dhabi on 1 February 1969, the UAE to study the needs of the leading position during the era of the in 2021
alongside his leadership tasks at the Northern Emirates, during which he gave late Sheikh Khalifa in the renewable
Department of Defence in the Emirate, instructions for building of a number of energy and sustainability sector by
which he established to become the projects related to housing, education launching numerous local, regional
nucleus of the UAE Armed Forces. and social services. and global projects and initiatives
that supports the country’s economic
Shortly after the UAE Foundation, Sheikh Khalifa bin Zayed Al Nahyan and social development goals and
Sheikh Khalifa assumed the post of launched an initiative for developing achieves a sustainable future for future
Deputy Prime Minister, in the second a legislative authority to modify the generations. The UAE witnessed a
cabinet, on 23 December 1973, after technique of selecting members of the major shift in clean energy through
which he was appointed as the first Federal National Council where the launching many quality projects within
Chairman of the Abu Dhabi Executive selection would be done by a combination the UAE Vision to diversify the economy
Council. He oversaw the realisation of of election and appointment. This was and energy resources. The late Sheikh
extensive development programmes in aimed at providing an opportunity to Khalifa affirmed the UAE’s keenness
Abu Dhabi, including the construction select members of the Council through and commitment to maintaining its
of housing, water supply system, roads
and general infrastructure that led to
direct elections. outstanding position as a major energy
provider by expanding its leadership to Exceptional achievements for clean energy in the UAE
the emergence of the city of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan include the renewable energy sector.
into the modern city that it is today. adopted relief and development policies
that supported countries and peoples in The UAE also won the rights to host Massive Hosting the Launching the strategic Dubai Net Zero Carbon
On November 3, 2004, a day after the need. The Khalifa bin Zayed Al Nahyan the headquarters of the International quality headquarters of initiative for net-zero Emissions Strategy 2050
late Sheikh Zayed bin Sultan Al Nahyan Foundation provides relief to more than Renewable Energy Agency (IRENA), an projects for the International emissions by 2050 - The to provide 100% of
renewable Renewable UAE is the first country Dubai’s total power
passed away, Sheikh Khalifa was elected 70 countries around the world. intergovernmental organisation that and clean Energy Agency in the MENA to launch capacity from clean
President of the UAE, along with his supports countries in their transition energy (IRENA) this strategic initiative energy sources by 2050
duties as Ruler of the Emirate. He The UAE has accomplished many to a sustainable energy future, and
began his journey by launching his first achievements under the rule of the late represents the primary platform for
Al Masdar Issue 83
Al Masdar Issue 83
strategic plan for the government of the Sheikh Khalifa bin Zayed Al Nahyan, international cooperation, as well as a
10 11
Promising prospects for clean and renewable energy thanks to
Warmest congratulations the vision and directives of our wise leadership
to President
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA
With the passing away of the late brighter future for generations to come. We continue to implement the projects
Sheikh Khalifa bin Zayed Al Nahyan, may Commenting on the announcement, of the Mohammed bin Rashid Al
his soul rest in peace, the UAE lost an HH Sheikh Mohammed bin Rashid Al Maktoum Solar Park, the largest single-
exceptional leader with a wise vision and Maktoum said, “We are committed to site solar park based on the Independent
insight who was always keen to serve this seizing the opportunity to cement our Power Producer (IPP) model globally,
country and provide a decent livelihood leadership on climate change within with a production capacity of 5,000
for all Emiratis. The late Sheikh Khalifa our region and take this key economic megawatts (MW) by 2030. We are
led the country to major achievements opportunity to drive development, also implementing various projects
in all areas, carrying on the path of our growth and new jobs as we pivot our for energy storage including the use
Founding Father, the late Sheikh Zayed economy and nation to net zero. With of Concentrated Solar Power (CSP) in
bin Sultan Al Nahyan, may his soul rest an investment of over AED600 billion in the 4th phase of the Mohammed bin
in peace. The late Sheikh Khalifa focused renewable energy, our vision for a clean Rashid Al Maktoum Solar Park, which
on renewable and clean energy. The future is clear.” combines CSP and photovoltaic solar
UAE established its global leadership panels with a production capacity of
His Highness position in the renewable energy
sector and implemented qualitative
In recognition of its leading role in climate
action, the UN Framework Convention
950MW. The project will have the
world’s largest global thermal storage
Sheikh Mohamed bin Zayed Al Nahyan projects to diversify energy sources
and increase the share of renewable
on Climate Change (UNFCCC)
announced that the UAE will host the
capacity of 15 hours, facilitating energy
availability round the clock. DEWA is
and clean energy in the energy mix to 28th Conference of the Parties (COP28) also implementing a 250MW pumped-
support comprehensive and sustainable in 2023. This underlines the UAE’s storage hydroelectric power station
on the great trust placed in him by Members development. In recognition of these
efforts, the UAE, in 2009, won the bid to
firm commitment to sustainability, its
unlimited support for energy and climate
in Hatta, the first of its kind in the
Arabian Gulf region. It will generate
of the Federal Supreme Council and Rulers of host the permanent headquarters of the
International Renewable Energy Agency
change issues, and its outstanding
efforts in comprehensive climate action.
electricity using the water stored at
Hatta Dam with a storage capacity
the Emirates to lead the country after being (IRENA), despite strong competition
from other countries. In Dubai, under the directives of His
of 1,500 MWh. In collaboration with
Expo 2020 Dubai and Siemens Energy,
elected President of the UAE. This journey continues under the wise
Highness Sheikh Mohammed bin
Rashid Al Maktoum, we have a clear
DEWA has inaugurated the Green
Hydrogen project, the first of its kind
leadership of His Highness Sheikh direction for the energy sector to in the Middle East and North Africa
We pray to Allah Almighty to bless Mohamed bin Zayed Al Nahyan, President achieve the objectives of the Dubai to produce green hydrogen using solar
of the UAE. His Highness clearly Clean Energy Strategy 2050 and the power. The project was implemented at
and guide His Highness. We renew our anticipates the future. In his speech at Dubai Net Zero Carbon Emissions the outdoor testing facilities of DEWA’s
the World Government Summit in Dubai Strategy 2050 to provide 100% of R&D Centre at the solar park.
loyalty and pledge of allegiance to his in 2015, His Highness announced that the energy production capacity from
50 years from now, we would celebrate clean energy sources by 2050. DEWA’s We will continue to implement pioneering
leadership to serve the UAE people. when the last barrel of oil is exported. strategy to ensure energy security and projects to diversify Dubai’s clean and
In October 2021, His Highness Sheikh sustainability includes three main pillars: renewable energy sources to include
Mohamed bin Zayed Al Nahyan and producing more clean energy, especially all available technologies in Dubai to
His Highness Sheikh Mohammed bin solar energy; decoupling the water achieve wise leadership’s vision for a
Chairman, MD&CEO, Board Members, and all employees Rashid Al Maktoum, Vice President and desalination process from electricity brighter and more sustainable future
of Dubai Electricity and Water Authority (DEWA) Prime Minister of the UAE and Ruler of generation and desalinating water using for our future generations. We pledge
Dubai, launched the UAE Net Zero by Reverse Osmosis (RO) and solar energy; our allegiance to the UAE and our wise
2050 Strategic Initiative, a national drive and disrupting the role of utilities by leadership, guided by their insightful
to achieve net-zero emissions by 2050, digitisation using the Fourth Industrial vision and directives. We will do our best
making the UAE the first country in the Revolution’s disruptive technologies to serve our dear country, protect its
Middle East and North Africa to do so. such as Artificial Intelligence, UAVs, gains and ensure further achievements,
This initiative will turn challenges in this energy storage, blockchain, and the so that the UAE becomes the world’s
Al Masdar Issue 83
Al Masdar Issue 83
sector into opportunities that ensure a Internet of Things, among others. leading nation by its Centennial in 2071.
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MAIN STORY
DEWA’s consolidated gross fixed Demand expectation development. Increased adoption of
assets grew by AED 2.8 billion to AED Electric Vehicles in Dubai is expected
204.2 billion as on 31st March 2022 DEWA currently provides its services to have a direct incremental impact to
compared to AED 201.4 billion on 31st to 3.5 million Dubai residents, and the DEWA’s bottom line.
December 2021. Emirate’s active daytime population of
over 4.7 million. These numbers are Inorganic growth update
“DEWA meets the increasing demand expected to grow to 5.8 million and 7.8
for electricity and water in Dubai million respectively by 2040. DEWA’s On 27 October 2021, Empower signed
according to the highest standards of growth plans are aligned to Dubai’s Heads of Terms (HOTs) with Dubai
reliability, efficiency and quality, thanks 2040 Urban Master Plan, Dubai’s Clean Airports City Corporation (“DACC”)
to the best-in-class infrastructure and Energy Strategy 2050 and Dubai’s Net for the potential acquisition of district
sound governance system across the Zero Carbon Emissions Strategy 2050 cooling assets. The acquisition is
group. The strong first quarterly result which aims to provide 100% of Dubai’s expected to be completed in the second
is a testament to our resilient operating energy production capacity from clean quarter of 2022 for an estimated
business model and continues a track energy sources by 2050. consideration of AED 1.05 billion. On
record of consistent growth. We have 29 March 2022, EMPOWER entered
ample liquidity on our Balance sheet to Electric mobility updates into a new bridge loan agreement of
allow us to pursue growth opportunities. AED 918 million to fund this potential
DEWA will continue to make disciplined In April of 2022, DEWA launched the acquisition.
capital investments, achieving cost ‘Dubai EV Community Hub’ website
savings while growing our footprint for Dubai, aiming to increase electric Dividend policy
and maintaining high level of safety, vehicle (EV) adoption by centralising
quality and customer happiness. We information regarding EV developments DEWA has announced a dividend
are committed to creating incremental in Dubai. This is part of DEWA’s efforts policy which is based on the Group’s
shareholder value and to providing to encourage the use of sustainable expectation of strong cash flow and
dividend visibility to our shareholders,” transport as well as to consolidate earning potential. Interim dividend
said HE Saeed Mohammed Al Tayer, MD Dubai’s position as a global capital payment of AED 3.1 billion is scheduled
& CEO of DEWA. for a green economy and sustainable to be paid in October 2022.
Dubai Electricity and Water Authority Robust financial performance part due to the easing of Covid-related
PJSC (ISIN: AED001801011) (Symbol: restrictions world-wide, has contributed
DEWA), the Emirate of Dubai’s exclusive DEWA’s first quarter revenue increased to the robust demand growth.
Electricity and Water services provider, by 15% to AED 5.068 billion which was
which is listed on the Dubai Financial driven by an increase in consumption Compared to the first quarter of 2021,
Market (DFM), recently reported its first across all sectors and the transition electricity revenue is up 17.5%, water
quarter 2022 financial results, recording to a normalised tariff structure in the revenue is up 20.2% and district cooling
Revenue of AED 5.068 billion and Net beginning of this year. Rise in hospitality revenue is up 17.6% in the first quarter
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Al Masdar Issue 83
Profit of AED 691 million. and commercial activities in Dubai, in of 2022.
14 15
NEWS - ACHIEVEMENTS
DEWA wins three Global Excellence Assembly awards 2022 DEWA’s R&D Centre registers a patent for charging UAVs
in the USA, scoring maximum points
In a new global achievement that and Prime Minister of the UAE and Al Tayer thanked DEWA’s employees
adds to its record of international awards Ruler of Dubai, to achieve excellence in for their continuous efforts that
in excellence, DEWA has won three Global all areas and across all levels. We have contributed to DEWA winning many DEWA’s Research & Development make the centre a global platform for the future and create a knowledge-
Excellence Assembly Awards 2022. succeeded in institutionalising a culture local and international awards. He also Centre has registered a new patent for promising technologies. This maintains based, competitive economy that uses
These are the Excellence in Innovation of excellence and making it an integral commended the Global Excellence an Unmanned Aerial Vehicles (UAV) DEWA’s position as one of the best innovation and future technologies,”
Award, the Business Innovation Award, part of our daily practices. Excellence Assembly for its efforts in recognising charging system that enables continuous utilities in the world. The system enriches added Al Tayer.
and the Outstanding Customer Service for us is a daily work programme excellence and innovation. charging for UAVs and thus provide the scientific community in Dubai and
Award. DEWA is the first entity to win implemented according to specific longer flying hours with a large storage the UAE through spreading knowledge
three awards in the same cycle based strategies and plans to achieve DEWA’s “It is important to note that while very capacity. This is in addition to improving and qualifying Emirati researchers.
on the Baldrige Excellence Framework vision to become a globally leading few manage to win a Global Excellence the efficiency of charging and facilitating
criteria, the highest level of recognition sustainable innovative corporation. Assembly Award, DEWA is officially the the charging process. The innovative “At DEWA, we work to include innovation
for Performance Excellence. The Winning three Global Excellence first international government entity system uses a group of UAVs to charge in our different strategies and initiatives.
Assembly, based in New York, USA, Assembly Awards demonstrates that to win while scoring maximum points. the main one through electromagnetic This is part of the Dubai 10X initiative
commended DEWA and praised its we are on the right path to translating Additionally, it is worth noting that induction. The innovative system can launched by His Highness Sheikh
success in institutionalising a culture of the wise leadership’s vision. DEWA has this is the very first time that Global be used for government, military, Mohammed bin Rashid Al Maktoum,
excellence and making it a daily practice. successfully promoted a solid corporate Excellence Assembly has granted more commercial, and personal operations. Vice President and Prime Minister of the
culture by adopting innovation as a key than one award to one applicant, in this UAE and Ruler of Dubai, which mandates
HE Saeed Mohammed Al Tayer, pillar for continuous development and case, three different categories. This is HE Saeed Mohammed Al Tayer, MD & the Government of Dubai to be a global
MD & CEO of DEWA, expressed his improvement. This promotes its global an achievement for DEWA to be proud CEO of DEWA, praised the researcher’s leader that is 10 years ahead of all other
happiness at DEWA winning these competitiveness and efforts to shape of, which is also one more reason for continuous efforts which have resulted cities through government innovation
prestigious international awards. “We a new future for utilities worldwide them to keep striving for continuous in an innovative system to increase the and the reformation of traditional
are guided by the vision and directives and provide a work environment that improvement and performance efficiency of operations that use UAVs. work mechanisms. We intend DEWA
of His Highness Sheikh Mohammed encourages employees to be creative excellence,” said the Global Excellence Al Tayer noted that patents registered to keep pace with the Fourth Industrial
Al Masdar Issue 83
Al Masdar Issue 83
bin Rashid Al Maktoum, Vice President and innovative,” said Al Tayer. Assembly in its press release. by the R&D Centre support efforts to Revolution technologies to shape
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NEWS - ACHIEVEMENTS
DEWA has launched its Water Smart at interconnections between the of water flow to meet the needs of
Distribution Management System to transmission and distribution pipelines. sustainable development and meet the
increase the visibility and management In addition, it is linked with advanced growing demand. This is according to the
of its water distribution network. It also water SCADA (Supervisory Control highest standards of quality, availability,
improves the automation, efficiency of & Data Acquisition) and hydraulic- reliability, and efficiency. DEWA has
operations, reliability of water supplies, management systems. The system will become one of the most innovative
and DEWA’s excellence worldwide improve fault location and isolation, and utilities worldwide. Its results surpassed
in reducing water losses. It has a lower costs. top European and American companies
centralised around the clock system by reducing the electricity network losses
for remote control and monitoring, as
well as innovative smart equipment
DEWA has made significant
achievements in developing its water
to 3.3% compared 6-7% in Europe and
the US in 2021. DEWA reduced the
DEWA wins Globe of Honour Award for
and systems. The system also uses
Remote Terminal Units (RTUs) installed
network to enhance its efficiency and
reliability as well raise the amount
water network losses to 5.3% compared
to 15% in North America. Environment for the 10th time and the
Sword of Honour for Health and Safety for the 14th time
DEWA has won the Globe of Honour & safety requirements and specifications, the British Safety Council, which takes
Award for Environment for the 10th with zero environmental violations at all on new dimensions as the world is on
time and the Sword of Honour for health of its facilities. track for recovery from the COVID-19
and safety for the 14th time. This new pandemic that imposed a significant
achievement adds to the organisation’s HE Saeed Mohammed Al Tayer, MD & challenge. The award once again proves
record of winning prestigious awards. CEO of DEWA, received the two awards DEWA’s success in protecting lives and
The British Safety Council announced at DEWA’s headquarters in the presence property in all circumstances, continuing
that DEWA is one of six organisations of Dr Yousef Al Akraf, Executive Vice the journey of global excellence and
globally to simultaneously win the Globe President of Business Support and leadership without compromising the
of Honour Award for Environment and Human Resources; and Zaal Khalifa Bin health and safety of employees and
the Sword of Honour for Health and Zaal, Vice President - Commercial & members of society. Al Tayer noted that
Safety, for ten years running. This places Business Improvement at DEWA. in 2021, DEWA was the first organisation
DEWA at the forefront of sustainable in the Middle East to meet the British
utilities, fully abiding with all local and Al Tayer expressed his pride in DEWA Standards Institute (BSI)’s international
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Al Masdar Issue 83
international environmental and health winning this prestigious award from protection standard against COVID-19.
18 19
NEWS - ACHIEVEMENTS
DEWA’s 250MW Hatta hydroelectric power plant is 44% complete
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Plan launched by His Highness.
20 21
NEWS - ACHIEVEMENTS NEWS - MEETINGS
Dubai Supreme Council of Energy discusses legislative and executive
measures to regulate district cooling services and the LPG sector
HE Saeed Mohammed Al Tayer, Dubai's position as the most active and open invitation for all to practise
MD&CEO of DEWA, received from HE happiest city in the world. sports activities for a whole month,” HH Sheikh Ahmed bin Saeed Director General of Dubai Municipality; implementing the policies and procedures
Helal Saeed Al Marri, Director General said Al Tayer. Al Maktoum, Chairman of the Dubai HE Saif Humaid Al Falasi, CEO of last year, which had a positive impact on
of Dubai's Department of Economy "I am honoured to extend my thanks Supreme Council of Energy, chaired the Emirates National Oil Company (ENOC); improving safety practices and reducing
and Tourism, a certificate of thanks and and gratitude to His Highness Sheikh Dubai Fitness Challenge activities 70th meeting held virtually. HE Saeed Juan-Pablo Freile, General Manager risks. The procedures encouraged
appreciation from His Highness Sheikh Hamdan bin Mohammed bin Rashid were organised from 29 October to 27 Mohammed Al Tayer, Vice Chairman of of Dubai Petroleum; and Nasser Abu distributors to abide by the conditions
Hamdan bin Mohammed bin Rashid Al Al Maktoum, Crown Prince of Dubai November 2021, to give everyone the the Dubai Supreme Council of Energy, Shehab, CEO of the Strategy & Corporate approved by the Supreme Council of
Maktoum, Crown Prince of Dubai and and Chairman of The Executive Council opportunity to take part in various sports also participated. Governance Sector at the Roads & Energy. They also created a supportive
Chairman of The Executive Council of Dubai, for honouring DEWA for its activities or try new exercises. Health Transport Authority (RTA). organisational structure for the sector by
of Dubai. This is in appreciation of participation and sponsorship of the and fitness enthusiasts of different ages The meeting was attended by HE Ahmed unifying processes with distributors due
DEWA’s active role and its sponsorship Dubai Fitness Challenge initiative. and physical abilities gather to achieve Buti Al Muhairbi, Secretary-General of The meeting discussed several topics, to the cooperation of accredited national
of the Dubai Fitness Challenge initiative, Dubai Fitness Challenge has become one goal, which is to do 30 minutes of the Dubai Supreme Council of Energy, most notably the current situation of the companies. The meeting also reviewed
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Al Masdar Issue 83
launched by His Highness, to promote an anticipated annual event, and an daily exercise over 30 days. and board members HE Dawood Al Hajri, petroleum derivative trading market after the regulation of district cooling services.
22 23
DIGITAL TRANSFORMATION
digital transformation strategies in the energy sector “As part of our efforts to support the
vision of the wise leadership to make the
UAE government the first in the world
in AI investments in various sectors, we
are working on upgrading our services
Al Masdar Issue 83
In his keynote speech, Al Tayer noted that the USA,” said Al Tayer.
24 25
NEWS - INITIATIVES
DEWA collaborates with Eutelsat to develop its Space-D DEWA’s R&D Centre launches
programme, including nanosatellite DEWA-SAT1 its second Transactions Report
DEWA signed an MoU with
Eutelsat, the French global satellite
operator, to provide technical support
for DEWA’s Space-D programme and
DEWA’s 3U nanosatellite DEWA-SAT1.
This will help develop nanosatellite
Internet of Things (IoT) terminals and
enhance connectivity between DEWA’s
assets and its nanosatellite.
HE Saeed Mohammed Al Tayer, MD DEWA’s Research and HE Saeed Mohammed Al Tayer, MD & damage patterns in EVA encapsulants
& CEO of DEWA, said that DEWA’s Development Centre has issued its CEO of DEWA, commended the efforts in PV modules; a consolidated review
Space-D programme has contributed second Transactions Report, which by researchers and the team at the R&D and comparison of all ageing defects in
to promoting the resilience and agility contains the Scopus Indexed scientific Centre to support DEWA’s objectives PV modules in arid climates; a detailed
of DEWA in managing and monitoring and research papers that the Centre in making the R&D Centre a global model of scaling processes for Reverse
electricity and water networks, since published in international scientific platform for promising technologies Osmosis membranes validated using
its launch by His Highness Sheikh conferences and journals in 2021. The and delivering Emirati research projects the PVRO facility; a calibrated model
Mohammed bin Rashid Al Maktoum, report includes 31 research papers to international academic institutions. to forecast monthly electricity demand
Vice President and Prime Minister of the with an increase of 100% in scientific This raises performance indicators by account using actual DEWA data
UAE and Ruler of Dubai in January 2021. proactively. DEWA was the world’s Launching the U3 nanosatellite has papers published by the Centre in 2020. in scientific research in the UAE and and environmental conditions; the use
The programme also helps to reduce first utility to use nanosatellites to enabled the R&D team to gain the The articles focused on solar energy, enriches the scientific community in of IoT and Virtual Power Plant data for
costs, improve its asset utilisation and enhance the maintenance and planning latest knowledge and experience to water, energy efficiency, smart grid Dubai, the UAE, and the world. fault detection; advances in 3D printing
management, and support its network of electricity and water networks. understand the effectiveness and value integration, Fourth Industrial Revolution technology and an extensive review
of the IoT nanosatellite constellation technologies, space technologies, and The report includes several important of the potential of ionic liquids for
in supporting utilities such as DEWA energy systems analysis. subjects such as: the identification of UV supercapacitor electrolytes.
to improve the management of their
power grid and water transmission and
distribution networks. The programme
also aims to train Emirati professionals
to develop a constellation of
68,888 new electricity connections and 68,315 new water
nanosatellites to serve DEWA business
and the global utility market. Al Tayer connections in Dubai in 2021 despite Covid-19 challenges
noted that IoT satellite technology is
complementary to the terrestrial IoT
communication network and will enable DEWA announced that the the total number of water connections
the expansion of IoT in the smart grid number of new electricity connections reached 979,230.
and water networks. This will improve in Dubai was 68,888 in 2021, while
the efficiency of DEWA’s operations, there were 68,315 new water HE Saeed Mohammed Al Tayer, MD &
and support the digitalisation of energy, connections in 2021, despite the CEO of DEWA, said that year after year,
water transmission and distribution Covid-19 challenges. By the end DEWA records an increase in the number
networks. It will also integrate IoT data of April 2022, the total number of new electricity and water connections
using DEWA’s cloud services. of electricity connections in Dubai in Dubai due to new projects across
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Al Masdar Issue 83
reached 1,074,583 connections, and different economic sectors in the Emirate.
26 27
EVENTS
DEWA celebrates World Environment Day 2022 DEWA enhances water security in Dubai through 3 water reservoirs with
storage capacity of 210 MIG and investments of about AED 550 million
In conjunction with World the Mohammed bin Rashid Al Maktoum
Environment Day, observed on 5 June Solar Park, organised a cleaning To enhance water security, DEWA integrated infrastructure for electricity
every year and held this year under campaign for the area around the Solar is increasing the storage capacity of and water to provide our services
the theme ‘Only One Earth’, DEWA Park. This was in collaboration with desalinated water in Dubai. To achieve according to the highest standards of
organised several internal and external Dubai Sports Council, the participants this target, DEWA is building three water availability, reliability, efficiency and
activities. It also launched an awareness in Al Marmoom Ultramarathon, Dulsco, reservoirs in different parts of Dubai; quality. The construction of the water
campaign on its social media accounts to and FittGROUP. one in the Nakhali area with a storage reservoirs in Al Nakhali, Al Lusaily, and
encourage society members to conserve capacity of 120 MIG and investments Hatta supports DEWA’s strategy to
electricity and water consumption HE Saeed Mohammed Al Tayer, MD totalling AED 287.8 million, one in the increase the efficiency and reliability
and adopt sustainable practices that & CEO of DEWA, stressed the need Lusaily area with a storage capacity of water networks, raise water flow
protect the environment and natural to engage all members of society in of 60 MIG and investments totalling and volume of water reserves to meet
resources. These include using digital efforts to preserve natural resources, AED 175.4 million, and one in Hatta the growing demand and sustainable
services, electric vehicles, installing solar environmental habitats and biodiversity, with a storage capacity of 30 MIG and development in Dubai. We aim to
photovoltaic panels, planting trees and and reduce wrong environmental investments totalling AED 86 million, increase the storage capacity of Dubai
reducing plastic. practices, to ensure environmental to 1002 MIG compared to the current
sustainability in Dubai to maintain the “Water security is a national priority capacity of 815 MIG,” said HE Saeed
In addition, DEWA’s Innovation Centre at quality of life. for the UAE and is one of the seven Mohammed Al Tayer, MD & CEO
strategic sectors of the National of DEWA.
Innovation Strategy. The UAE Water
Security Strategy 2036 aims to ensure Al Tayer noted that these reservoirs add
sustainable access to water during both to the Aquifer Storage and Recovery
normal and emergency conditions as (ASR) project for desalinated water
well as address future water security which DEWA has completed its first
challenges. The Dubai Integrated Water phase. The full scale of the ASR project
Resource Management Strategy 2030 can store up to 6,000 million imperial
focuses on enhancing water resources gallons of water once completed by 2025.
and using cutting-edge technologies This makes it the largest ASR of its kind
and innovative solutions. At DEWA, in the world to store potable water and
Al Masdar Issue 83
Al Masdar Issue 83
we work to provide state-of-the-art retrieve it in case of an emergency.
28 29
VISITS Organised by
MD & CEO of DEWA Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum,
Chairman of the Dubai Supreme Council of Energy
welcomes Chairman
of Dubai Quality
Group
MD&CEO discusses
strengthening
cooperation with
Consul General of
Denmark
STRATEGIC SPONSORS
| [email protected]
Al Masdar Issue 83
Al Masdar Issue 83
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INTERVIEWS
companies, "main listing" for free zone government or private companies. 4. What is the ability of the DFM
companies, and "dual listing" for regional to attract regional and international
and international companies. This makes In addition to enhancing its capabilities companies for listing in it?
DFM ready to receive more listings in the to attract new listings by providing
next phase, whether as part of the Dubai various listing alternatives for companies Dubai Financial Market enjoys a
Government plan to list government according to their category, ownership distinguished position as a preferred
companies, or from private and family structure and place of establishment, destination for leading local and regional
companies. the DFM is keen to highlight the companies seeking to list their shares. It is
importance of becoming a public listed the first choice for dual-listing companies
Reviving the public offering sector and company as listing is the main factor for regionally, thanks to the distinguished
attracting more family, private and diversifying investment opportunities services and innovative solutions it
government companies to list on the in the market and achieving the best provides to companies, whether in terms
market is at the heart of DFM’s growth possible representation of the main of disclosure services and transparency,
strategy, as part of its commitment sectors of the national economy. or enabling them to enhance their
highlighting the vital role of capital Accordingly, the DFM is keen to presence and strengthen their links with
markets in promoting sustainable growth. communicate with many family, private local, regional and global investors.
The DFM works diligently to encourage and governmental companies to explain
these companies to take advantage of the advantages and dimensions of the The market currently includes 14 dually-
its many services and advantages. It transition to a publicly listed company listed companies from several Arab
should be noted here that the market and listing in the market and its countries including Kuwait, Bahrain,
HAMED ALI has provided, throughout its history,
an effective platform for raising the
benefits on growth and development,
enhancing operational effectiveness
Egypt and Sudan. The dual listing
contributed to consolidating relations
necessary liquidity to enable companies and sound succession planning. This is between companies and investors in
CEO of Dubai Financial Market and Nasdaq Dubai to implement growth strategies. especially the case as this strategic step those countries, and the stock market
is essential in motivating companies and investors in the UAE, as well as
The total funds raised by companies to adopt best international practices, diversifying the opportunities available
through the market exceeded AED 125 whether with regard to the separation to investors.
billion. This reflects the pivotal role the of management from ownership or the
market plays in supporting the UAE’s application of governance rules and The DFM carries roadshows and makes
economic development efforts. The investor relations. extensive contacts in many countries
leading companies listed on the market in the region, including Kuwait, Egypt
are among the most prominent driving In addition to intensive communication and India, to attract companies for dual
forces for developing many economic and awareness, the DFM provides a listings and enhance their presence
sectors, particularly real estate, banking, comprehensive team of specialists in regionally and internationally from
investment, transportation, services and public offerings to support and guide Dubai, the leading global financial hub.
1. What is the importance of as the first government offering in the the ’market’s trading from the date of others. potential issuers on the DFM. We have We have also developed the innovative
DEWA offering its shares on the DFM as part of an ambitious plan that listing on 12 April 12 until the end of also launched an incentive programme to Single Order Book mechanism (SOB),
Dubai Financial Market? What does includes 10 government companies, is trading on 17 May). DEWA’s share was 3. How does the DFM encourage encourage IPOs from the private sector which has been a major step in the
this mean for trading? clear evidence that DEWA was ready added to the Dubai Financial Market new public subscriptions and listings? including many benefits and exemptions method of trading dual-listing shares,
to transform into a public joint stock General Index on 12th of May, with a And what are your plans for that? from fees. whether for companies currently listed
The listing of DEWA on the Dubai company (PJSC) and be listed on the weight of approximately 14%. or likely to be listed in the future.
Financial Market (DFM) was a market, both in terms of the excellence The Dubai Financial Market is in an ideal DFM’s efforts in digital transformation
fundamental development as part of the of its structures and the stability of 2. How do you see the future of public position in terms of the integration of have contributed to providing The keenness of many companies to
efforts to implement Dubai’s strategy to its financial position as well as its offerings at the DFM by government its infrastructure, its advanced services, many solutions that facilitated the list in the market reflects the great
develop its financial markets. This helps to proactive adoption of international best and private organisations? How does and the diversity of its investor base. participation of investors in public confidence that the various business
achieve the vision of His Highness Sheikh practices that listed companies must this support the national economy? This makes it the preferred choice for offerings wherever they are and sectors in the region have towards
Mohammed bin Rashid Al Maktoum, adhere to, such as transparency and companies to carry out public offerings whenever they want through the IPO’s Dubai in general, as well as towards
Vice President and Prime Minister of governance among others. The great We are optimistic about the prospects and raise the necessary funds to online platform, smart phone apps, and the DFM. These companies consider
the UAE and Ruler of Dubai, to enhance success of DEWA’s public offering, the for public offerings and listings in implement growth strategies. We are online linkage with the receiving banks. DFM as a distinguished stock exchange
Dubai’s leading position as a global hub largest public offering in the history of the market in light of the ongoing ready to receive more listings in the Together, these solutions played an with a track record of success in
for capital markets, under the follow-up the UAE’s financial markets and the discussions with many companies next stage. Without a doubt, the great effective role in the digital onboarding terms of high professionalism and
and directives of His Highness Sheikh second largest in the region’s markets seeking to expand and develop their success of offering and listing of DEWA’s of investors and submitting subscription highly attractive organisational and
Hamdan bin Mohammed bin Rashid Al and DEWA becoming the largest listed businesses, driven by the growing shares establishes a new prosperous and applications. The benefits were evident operational structure, thanks to its high
Maktoum, Crown Prince of Dubai and company in the market in terms of confidence in the national economy, in active phase, whether through listings of during DEWA’s IPO. levels of liquidity and activity.
Chairman of the Executive Council of market capitalisation, highlight the great addition to their desire to benefit from
Dubai, and under the direct supervision added value that DEWA has brought to the many regulatory developments that
of His Highness Sheikh Maktoum bin the securities traded in the market. have been introduced recently. These
Mohammed bin Rashid Al Maktoum, have enhanced the attractiveness of the
Deputy Ruler of Dubai, Deputy Prime Starting with DEWA as a leading global market and given companies a variety of
Minister and Minister of Finance. utility was the best launch for the public alternatives to take this strategic step.
utility sector in the DFM. DEWA’s share
Undoubtedly, the selection of the Higher has recorded a remarkable presence The DFM provides flexible and
Committee for the Development of since the listing, with transactions worth diversified listing alternatives, including
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Al Masdar Issue 83
Financial Markets in Dubai for DEWA AED 3.5 billion (representing 40% of "main listing", "direct listing" for private
32 33
NEWS - PEOPLE OF DETERMINATION
From DEWA to the community: Including and Empowering People of Determination
People of Determination
People of Determination
“DEWA works within the framework a decent life for people of determination programmes to include and empower
of the National Policy for Empowering and their families. DEWA empowers people of determination. Between
People of Determination, launched by people of determination in an inclusive 2015 and 2021, there were 71 such
His Highness Sheikh Mohammed bin environment that allows them to unleash programmes for them, reaching
Rashid Al Maktoum, Vice President their potential and prove their capabilities. 3,484,998 people. The Society
and Prime Minister of the UAE and Happiness score for DEWA’s support
Ruler of Dubai,to create an inclusive DEWA has implemented and sponsored to people of determination was 94%
society that ensures empowerment and several corporate social responsibility in 2021.”
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with Dubai POD club, such as sport aim of encouraging POD centres to to the success of DEWA’s ‘Inclusion
34 35
AROUND THE WORLD PARTNER FOCUS
IRENA: Renewable energy projects production capacity ˜°˛˝˙ˆˇ˘ °°°°°°°°°
DIGITAL DUBAI
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PARTNER FOCUS
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