Mohammad Bin Rashid Al Maktoum Solar Park will start producing power with a capacity of 13MW by the end of this year, said Saeed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa).
He said: “The first phase of production will start with a capacity of 13MW while by 2030 the park will produce 1,000MW.”
Dewa is working on spreading awareness among consumers about the advantages of solar energy usage, and encouraging the private sector to invest in the solar energy projects in Dubai to provide clean-energy solutions to efficiently meet the future requirements and develop a reduced carbon-footprint economy, Al Tayer added.
While Dewa has no intention to issue further Sukuk, he said: “ Dewa financial situation is stable and it will be able to pay its outstanding loan worth Dh4 billion in June.”
Al Tayer said preparations were on for the 15th Water, Energy and Environment Exhibition (WETEX), which will be held under the umbrella of the Supreme Council of Energy for Dubai, from April 15 to 17 at the Dubai International Convention and Exhibition Centre (DICEC), with a theme “Sustainable Development for All”.
Achieving 22 per cent increase this year, Wetex will discuss major issues related to environment, green building solutions, natural resources and all other challenges related to water and electricity. As many as 32 countries are likely to take part.