Thursday, 19 April 2012

Dubai defers $1.3 bln power project indefinitely | Agricultural Commodities | Reuters

Dubai Electricity and Water Authority (DEWA) said it has deferred plans to build the $1.3 billion Hassyan independent power and water project, citing increased efficiency at existing power plants.

"The Hassyan power plant project can be deferred until a later date," the state company said, adding that it had raised power production capacity elsewhere while demand growth had slowed.

Demand for cooling and fresh water have driven rapidly rising use of electricity in Dubai. But the government has been forced to reassess many of its projects following its standstill debt announcement in 2009.

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