The state-run Emirati power utility Dubai Electricity & Water Authority (DEWA) has approved a total budget of AED26.4bn (approximately US$7.2bn) for 2018, which is AED2bn more than in 2017. The company will spend this amount in both conventional and non-conventional energy sources such as innovative technologies and projects. Around AED2.7bn (US$730m) will be dedicated to electricity and water generation, AED5bn (US$1.4bn) to power transmission activities and AED1.7bn (US$475m) to electricity distribution.
DEWA supports the Dubai Clean Energy Strategy 2050, which aims at providing 75% of Dubai's total power generation from renewable energy sources such as wind and solar power. DEWA has announced the preferred bidder for its 700 MW concentrated solar power (CSP) Independent Power Producer (IPP) model project costing AED 14.2bn (US$3.9bn).