Dubai, UAE, 16 February 2016:  Dubai Electricity and Water Authority (DEWA) has received the ISO 55001: 2014 Certificate for Asset Management after passing an external audit conducted by an international organization. As a result, DEWA is the first government utility in the world to receive the prestigious award for the integration of high quality asset management in operations pertaining to the generation, transmission, and distribution of electricity and water.

His Excellency Saeed Mohammed Al Tayer, MD & CEO of DEWA received the award in the presence of Hussain Lootah, EVP-Transmission Power at DEWA.

His Excellency Al Tayer said:  “DEWA makes use of the best international methods of practice among all fields, in addition to adopting the integrated systems needed for efficient preservation of asset management, based on the highest standards from around the globe, to assure balance between costs, risks, and asset performance, in support of our vision of becoming a sustainable, innovative world-class utility capable of achieving great results for our customers, clients, and stakeholders.”

DEWA is committed to sourcing infrastructure capable of meeting all energy and water demands as part of the development of the Emirate.

“DEWA has launched a host of successful initiatives and have allocated over AED 2.6 billion towards the development of world class electricity and water infrastructure in the Emirate, ahead of the World Expo 2020, which will showcase Dubai’s state of the art public facilities as well as its focus on exploring renewable energy in line with the Dubai Expo 2020’s theme of 'Connecting Minds, Creating the Future,’ which focuses on the concepts of opportunity, mobility, and sustainability. DEWA is further developing their infrastructure to become more efficient with the generation, transmission, and distribution of electricity and water, meeting the needs of customers, and developers, in light of the increasing demand for water and electricity,” said Al Tayer.

“DEWA’s total amount of assets is equal to AED 120 billion, while assets in conjunction with affiliated companies exceed AED 127 billion. The 2016 budget includes a number of key projects, including AED 2.957 billion in generation, AED 3.416 billion in power transmission, AED 1.209 billion in power distribution, and AED 1.042 billion in water and civil, in addition to other amounts totalling AED 95 million allocated to various other projects,” added Al Tayer.

DEWA’s success in asset management has brought the utility to a new height of international competitiveness, surpassing the likes of other European and American companies.