Latest / DEWA Podcasts / DEWA’s IWPP model earns Seven-Star recognition and attracts over AED 47.4 Billion in investments
Transcript
- 0:00Let's start with DEWA, the Dubai Electricity
- 0:03and Water Authority. It has secured a seven -star
- 0:06rating at the International Best Practice Competition
- 0:09for its independent water and power producer
- 0:11model. Over the past 12 years, that framework
- 0:15has attracted more than 47 .4 billion dirhams
- 0:19in cumulative project investments. That's a remarkable
- 0:23achievement. The model functions as a strategic
- 0:26enabler. allowing DEWA to deliver energy and
- 0:29water projects alongside the private sector.
- 0:32Waleed bin Salman, Executive Vice President of
- 0:35Business Development and Excellence at DEWA,
- 0:37explains that the authority adopted the independent
- 0:40power producer model back in 2014, moving away
- 0:44from the traditional engineering, procurement,
- 0:46and construction approach. Since then, DEWA has
- 0:50continuously refined the framework to attract
- 0:52leading international developers and investors
- 0:55while improving delivery efficiency. Among the
- 0:59flagship projects delivered under this approach
- 1:01is the Mohammed bin Rashid Al Maktoum Solar Park,
- 1:05the world's largest single -site solar park,
- 1:09with a planned capacity exceeding 8 ,000 megawatts
- 1:12by 2030. DEWA has also extended the model into
- 1:17the water sector. through the Hasayan Seawater
- 1:20Reverse Osmosis Project, its first independent
- 1:23water project, with a production capacity of
- 1:26180 million imperial gallons of desalinated water
- 1:30per day. Earlier, His Excellency Saeed Mohammed
- 1:34Al -Tayyar, MD and CEO of DEWA, shared his perspective
- 1:39on the broader impact. He said, quote, Dubai
- 1:42continues to consolidate its position as a global
- 1:45investment destination, ranking first worldwide
- 1:49for attracting Greenfield Foreign Direct Investment
- 1:51Projects, FDI, for the fifth consecutive year
- 1:55in 2025, according to Financial Times' FDI Markets
- 1:59data. The IWPP model is one of the key pillars
- 2:03enabling DEWA to implement strategic projects
- 2:06in partnership with the private sector. The model
- 2:09has delivered globally recognized outcomes, most
- 2:13notably achieving record low energy purchase
- 2:15tariffs for solar projects at the Mohammed bin
- 2:18Rashid Al Maktoum Solar Park. It has also attracted
- 2:22substantial investments from the private sector
- 2:24and international financial institutions, supporting
- 2:27investment inflows into Dubai and the UAE, end
- 2:31quote. His Excellency also emphasized that the
- 2:34success of the framework rests on an integrated
- 2:36approach. combining good governance, transparency,
- 2:41fair value creation for all stakeholders, and
- 2:44strong risk management practices that reinforce
- 2:47investor confidence and the long -term sustainability
- 2:51of these projects.