Publication Date:
Tue, 2011-10-04 00:30
DEWA's Chief Executive Saeed Mohammed Al-Tayer told Al-Bayan newspaper that the payments included 6 billion dirhams for projects including electricity distribution installations and 10 billion dirhams for the Jebel Ali power and desalination M plant.
He said the payments would be made during 2012 and 2013.
DEWA issued 7.35 billion dirhams worth of bonds in October 2010. It is the sole provider of electricity and water in the emirate of Dubai, one of seven members of the United Arab Emirates federation, but the Dubai government could soon allow other providers into the market.
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