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HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, receives delegation from Masdar

Dubai, UAE, 30 August 2016: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), received a delegation from the Abu Dhabi Future Energy Company (Masdar)­, at DEWA’s head office. The delegation was headed by HE Mohamed Jameel Al Ramahi, CEO of Masdar, and included Bader Al Lamki, Executive Director at Masdar Clean Energy, and Yousif Al Ali, Business Development Director at Masdar.

HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, receives delegation from Masdar

The meeting featured discussions to enhance partnership in the renewable energy field, and projects in the renewable energy market. This supports the UAE Vision 2021, to become one of the best countries in the world by 2021. This in turn, strengthens the UAE’s global competitiveness, especially in renewable energy, and green economy technologies and products.

“We are proud of our ongoing strategic partnership with Masdar, and strive to exchange skills and expertise, to achieve excellence in implementing world-class projects, in adherence with the directives of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. This vision recognises the significance of renewable energy in achieving a balance between development and sustainability. This balance will help preserve the rights of future generations to live in a clean, healthy, and safe environment,” said Al Tayer.

“DEWA cooperates with different government organisations in the UAE, to consolidate sustainability and to ensure a brighter and happier future. This is achieved through distinguished projects and initiatives to increase dependence on renewable and clean energy sources. DEWA is working on diversifying Dubai's energy mix to include 61% from natural gas, 25% from solar energy, 7% from clean coal, and 7% from nuclear power by 2030. The energy mix will gradually increase the employment of clean energy sources to 75% by 2050, to achieve sustainable development and enhance the prosperity and well-being of our citizens, residents, and visitors, while ensuring a sustainable future for generations to come. We aim to become a global role model by supporting Dubai’s economic growth, securing our energy supply, using energy efficiently and meeting our environmental and sustainability goals, to make Dubai a global centre for clean energy and green economy. Through the Dubai Clean Energy Strategy 2050, we aim to provide 7% of Dubai’s total power output from clean energy by 2020. This target will increase to 25% by 2030 and 75% by 2050,” added Al Tayer.

The visiting delegation hailed DEWA’s commitment towards enhancing cooperation and strategic partnership, to support national clean and renewable energy strategies for future generations.

Last June, DEWA announced the selected bidder for the 800 megawatt (MW) third phase of the Mohammed bin Rashid Al Maktoum Solar Park, which will be constructed based on the Independent Power Producer (IPP) model. The selected bidder for the project is a Masdar-led consortium including the Spanish companies FRV (Fotowatio Renewable Ventures) and Gransolar Group. The consortium bid a Levelised Cost of Electricity (LCOE), of USD $2.99 cents per kilowatt (kW). The Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world with a planned capacity of 5,000MW by 2030 with a total investment of AED 50 billion.