Category: Smart Grid

Dubai will spend $22 Billion in an energy infrastructures plan

The arabic emirate has announced an ambitious project to boost its energy infrastructures during the next 5 years As Bloomberg has informed recently, Dubai Electricity & Water Authority is planning a energy infrastructures plan that will need, at lest, an investment of $22 Billion. This huge effort, that is expected to be developed during the next five years,  will be focused in three main necessities: gas turbines, solar power and storage plants, as Saeed Mohammed Al Tayer, CEO of Dubai Electricity & Water, said.Furthermore, DEWA awarded last week a contract for a 815 megawatt gas turbine project in Dubai, in particular in Al Aweer, suburb. Meanwhile, DEWA is also building the world´s largest solar energy park. These new energy infrastructures investments have the aim on reducing the dependency of Dubai in the oil and gas energy...