The Dubai Government has opened the door to private investment in its electricity and water sector for the first time as it contemplates a slate of costly expansion projects.
The Dubai Electricity and Water Authority (DEWA) posted a notice on its website last week seeking bidders for a consultancy contract to manage the launch of the emirate’s first independent water and power project (IWPP). The utility, a fully government-owned entity, has retained full ownership of all its power stations in recent years even as neighbours such as Abu Dhabi and Oman welcomed private companies to invest in their plants.
DEWA officials did not respond to a request for comment, but experts said the opening to the private sector appeared to be driven by the utility’s long-term investment requirements.
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