By Andy Sambidge
DEWA chief says he is keen to get private sector involved in helping meet demand.
Dubai Electricity and Water Authority (DEWA) said on Tuesday that it was aiming to attract advisors for its plan to privatise the emirate's power generation and water desalination sectors.
It is the latest move to promote competitiveness of Dubai, DEWA said in a statement, adding that it was "working to attract advisory services offers for privatisation".
Saeed Mohammed Al Tayer, managing director and CEO of DEWA, said he was keen to get the private sector involved in power and water generation.
He added that both national and foreign companies would be encouraged to invest in the industries, while strict legislation would control future pricing and regulations relating to emissions.
Al Tayer also said that DEWA would continue to complete its water and power projects while the process of privatisation is implemented. He did not give a date for when privatisation would happen.
"Since the introduction of an Independent Producer of Water and Power Producer (IWPP) requires time for implementation, therefore, DEWA will continue to meet the growing needs and demand for power and desalinated water in Dubai," he added.
DEWA serves nearly 600,000 customers in Dubai.
I can almost smell the World Bank recommendation Privatization of a state assets and services is the WB and IMF game We will know when the giant US corporates names set in to own and manage very people related services
To spider - So true, plus the recent WHO recommendations it is like watching a pincer movement.
Thanks for the confirmation :) We've seen this growing in Egypt for the last 30 years, privatization went from cities infrastructure services to banks, schools and major manufacturing plants, even government industries cheap retail outlets next step, huge increase in DEWA bills, then the rest will follow The world bank is back for his "pound of flesh", pay or do what you're told ...they usually call it "recommendations"