Construction Dewa rolls out $1.9bn smart grid to boost efficiency By Pramod Kumar December 24, 2024, 8:22 AM Dewa The smart grid will ensure integrated services by offering advanced features such as automated decision-making Dubai Electricity and Water Authority (Dewa) is implementing a smart grid that will cost AED7 billion ($1.91 billion) up to 2035, focusing on efficient and reliable operations. It says the smart grid will ensure integrated services, offering advanced features such as automated decision-making and interoperability across the electricity and water network. “The smart grid will contribute to providing electricity and water services according to the highest standards of availability, reliability, sustainability and quality,” said Saeed Mohammed Al Tayer, managing director and CEO of Dewa. “In 2023, line losses in electricity transmission and distribution networks were reduced to 2 percent, compared to 6-7 percent in Europe and the US. Water network losses reached 4.6 percent, significantly lower than the approximately 15 percent recorded in North America,” he said. State-backed UAE companies lead the pack for share price gains Oman and TotalEnergies target renewable projects Water scarcity biggest threat to North Africa’s green energy drive In 2014, Dewa developed its first smart grid strategy. In 2021, the utility provider launched an updated strategy extending to 2035. The smart grid programmes includes the automatic smart grid restoration system, the first in the Middle East and North Africa, which enhances Dewa’s power network’s control, management and monitoring.
Education Gems Education announces $100m Dubai school Gems Education has revealed plans to open the most expensive school in the Gulf, which is set for completion later this year. It is spending $100 million to develop Gems School of Research and Innovation in Dubai Sports City. Annual fees will start from AED116,000 ($31,582) for early-years education and rise to AED206,000 by the […] 3 hours ago
Energy Aramco announces $9bn of localisation investment Saudi Aramco has identified 210 localisation opportunities within 12 sectors with an estimated market size of $28 billion. Wail Al Jaafari, Aramco vice president of technical services, revealed the plans on the opening day of the Iktva Forum in Dhahran on Monday. Iktva, which stands for “in-kingdom technical value add”, “is a top priority in […] 2 hours ago
Mining Brazil and UAE sign minerals exploration deal The UAE and Brazil have signed an agreement potentially worth billions of dollars to invest in the search for minerals that are essential to the green energy transition. The memorandum of understanding aims to promote exploration for and development of “strategic” minerals, in a partnership that could reach R$15 billion ($2.45 billion) in investments, Brazil’s […] 2 hours ago
Energy Turkey needs $80bn for energy transition, says minister Turkey needs $80 billion to meet growing energy demand, which has tripled in the last two decades, the energy minister said on Monday. “We need to attract capital into our energy markets. We need to find new business solutions,” Alparslan Bayraktar said at the International Renewable Energy Agency assembly in Abu Dhabi, adding that the […] 2 hours ago
