#Utilities
The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)
The company said its third-quarter net profit exceeds the profit of the same period last year by 6.9 per cent despite a doubling in finance costs
The cooling firm reported a net profit of Dhs685m during the period under review and paid a cash dividend of Dhs425m for the first half of 2023
The company’s board of directors declared a second interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)
The project aims to build a network of medium and low-pressure power lines and electricity distribution transformers to provide electricity to homes, public institutions and social facilities
The Dubai-listed firm will acquire the existing cooling infrastructure at the Intellion Park development, which covers a total area of 3.5 million square feet
The utility firm is currently working on three other reservoir projects in Nakhali, Hassyan and Hatta in addition to the newly commissioned reservoir
The company’s shareholders approved the payment of H2 2022 dividend of Dhs3.1bn and a one-time special dividend of Dhs1.67bn
According to DEWA, the number of smart meters has increased from 200,000 in the first phase which was completed in January 2016 to 2.1 million meters currently
DEWA has been investing in metaverse technology to implement and develop current and future projects
DEWA has raised the capacity, efficiency and reliability of the electricity transmission network by implementing preventive maintenance and using SCADA system, telecommunications and tele-control systems
The Dhs897m SWRO desalination plant has a production capacity of 40 million imperial gallons per day of desalinated water
The adoption of new technologies is set to transform the functioning of the energy and utilities sector as it transitions to a sustainable future
The subsidies for the electricity and water sector are about $1.95bn
Francois Frigaux, director of Metrology Business, Middle East at Xylem on how technology is transforming water delivery
The Abu Dhabi Executive Council issued a decree to transfer ENEC to ADQ’s ownership