The committee, comprising the state utility’s executive vice presidents and its managing director, Saeed Mohammed al-Tayer, will “review and align Dewa’s strategy” with Dubai’s wider vision and directives.
The committee’s priorities include enhancing Dewa’s resilience and response to rapid developments by “leveraging digital technologies and fourth industrial revolution, and redirecting financial and human resources to raise the level of productivity and competitiveness”.
“We will set specific goals, key performance indicators (KPI) and accurate targets within our strategy to achieve these directives,” said Al-Tayer.
“We will integrate them in all relevant procedures, processes and systems … and we will be one of the first government organisations to reformulate our corporate vision and strategy in line with the vision and directives of the wise leadership for the next phase.”
Dewa recently signed a 25-year power purchase agreement (PPA) for the 900MW fifth phase of the Mohammed bin Rashid al-Maktoum (MBR) solar park.
A team comprising Saudi utilities developer Acwa Power and Kuwait’s Gulf Investment Corporation (GIC) submitted a low bid of 1.695 $cents a kilowatt-hour ($c/kWh) for the project in October.
It also retendered the contract for the emirate’s first independent water project (IWP).
The Hassyan IWP will have a capacity of 180 million imperial gallons a day.
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