DEWA (Dubai Electricity & Water Authority)

Business focus

New Energy & Storage

Description

DEWA (Dubai Electricity and Water Authority) is Dubai's state-owned power and water utility, formed in 1992 by merging the emirate's electricity and water departments, operating since 1959. It serves about 1.6 million customers, with capacity above 11,400 MW of electricity and 470 million imperial gallons of desalinated water daily. In 2022 DEWA listed 18% of its shares, raising AED 22.3 billion - the Gulf's second-largest IPO on record.