HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) received, at his office, a delegation from Japan Bank for International Cooperation. The visit aimed to build closer ties, discuss DEWA’s projects, and investment opportunities.
The Japanese delegation included Masayuki Yutani, Deputy Director, Division 3 (Project Finance in MENA) – Power & Water Finance Department, Infrastructure and Environment Finance Group, Kohei Toyoda, Director – Division 3 (Project Finance in MENA), Power & Water Finance Department, Infrastructure and Environment Finance Group, Naoki Tamaki, Chief Representative, Representative Office in Dubai, Shun Hanagata, Representative, Representative Office in Dubai, and Haitham Al Zughaibi, Division 3, Power and Water Finance Investment, Infrastructure Finance Group.
At the meeting, Al Tayer highlighted DEWA’s activities, projects, and achievements, and underlined the ongoing development of DEWA’s services to support its vision to become a sustainable world class utility.
Al Tayer highlighted DEWA’s investment projects, especially in the energy and water sectors, emphasising the promising opportunities in Dubai, especially in water, energy, green solutions, and green technologies for sustainable development.
The MD and CEO also briefed the delegation about DEWA’s major projects, particularly two leading Public-Private Partnership projects that will use the Independent Power Producer (IPP) model. These are the Mohammed bin Rashid Al Maktoum Solar Park, and the Hassyan clean coal project which will produce 1,200 MW. These projects support the Dubai Integrated Energy Strategy 2030, which aims to diversify the energy mix by 2030 to include 71% from natural gas, 12% from nuclear power, 12% from clean coal, and 5% from solar power.
Al Tayer emphasised DEWA’s keenness to promote cooperation in this important investment sector for the benefit of the two sides.
The Japanese delegation briefed Al Tayer about investment opportunities that the Japan Bank for International Cooperation provides, especially in energy, water, green solutions and green-technology projects.
At the end of the meeting, the delegation thanked Al Tayer and DEWA’s officials for the warm welcome, and for the opportunity to discuss cooperation between DEWA and the Japan Bank for International Cooperation.