The plans, which come amid fast growing demand for power and water across the Gulf, have been laid out in a prospectus issued to investors ahead of a bond issue. It is hoping to raise up to $2bn in the bond issue, although far more funding will be required to complete the plans.
By 2017, Dewa plans to have a total installed capacity of 21,907MW of power and 1,038 million gallons a day (g/d) of water, up from the current 5,448 MW and 278 million g/d. The additional capacity is required to meet a surge in electricity demand, which has been growing at 15 per cent a year.
Between 2008-2012, Dewa plans to increase its installed electricity and water production capacity by 2.5 times. This will require up to $19.1bn in capital expenditure, which will be funded largely by borrowing from banks or through the capital markets.
Dewa also says it is seeking government approval for an increase in its water and electricity tariffs in the future, although this is unlikely to happen in the near future.
The following projects are planned:

Station Location Power Capacity Water Capcity Commission
H Phase II Al-Aweer 419 2007-08
H Phase III Al-Aweer 818 2008
L Phase II Jebel Ali 1,356 55 2008
M Phase I Jebel Ali 1,330 70 2009-10
M Phase II Jebel Ali 665 70 2010
P Phase I Hassyan 1,500 100 2011-12
P Phase II Hassyan 1,500 100 2011-12
Q and R Hassyan 6,000 400 2012-17
Station I Lehbab* 940 2015-17
Additional new sites   2,520 2016-17

*The station at Lehbab has the potential to reach a final capacity of 5,000MW after 2017.