Sunday 17 January 2010

Dubai Utility DEWA Defers Bond Issue to Second Quarter, CEO Says

Dubai Electricity & Water Authority deferred plans for a bond offer to the second quarter from the first, the state-run utility’s Chief Executive Officer Saeed Mohammed al-Tayer told reporters in Dubai today.

Dubai Electricity expects its generating capacity to rise to 10,000 megawatts this year from the current 7,000 megawatts, he said.END

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