Dubai’s DEWA May Seek Funds for Power-Plant Expansion, CEO Says
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Dubai Electricity and Water Authority, the government-owned utility in the Persian Gulf emirate, may seek financing to pay for a power-plant-expansion project, Chief Executive Officer Saeed Al Tayer said.
DEWA, as the company is known, plans to add two natural gas turbines to its M Station facility in a project that may start next year, Al Tayer said in an interview after a news conference yesterday. He didn’t say how much the project to add 400 megawatts of generation capacity would cost or when the utility might need the funds.