19 July 2018
Dubai invested 250 million UAE dirhams ($68.06 million) in 2017 to make its buildings more energy efficient, according to a press statement issued by Dubai Electricity and Water Authority (DEWA
) on Thursday.
The statement, quoting the Regulatory & Supervisory Bureau's (RSB) 2017 Annual Report, said these investments are expected to deliver 21 percent savings in electricity and 31 percent in water.
In 2016, the investments in building energy-efficiency projects touched 194 million dirhams, according to RSB's 2016 annual report.
The DEWA press statement, citing the latest annual report, said cumulative investments in energy efficiency, from 2014 to 2017, has now topped 500 million dirhams ($136 million). In 2014, cumulative investments were 4.5 million dirhams, RSB's 2016 report said.
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, which oversees the RSB, said in the statement that over 30,000 buildings in Dubai are being retrofitted to make them energy efficient.
"The present costs for this strategic project are approximately 30 billion dirhams, with returns of 82 billion dirhams and a net present profit of 52 billion dirhams," he said.
The press statement also said that recycled water use in district cooling schemes was 40 percent, according to the 2017 report. This represents a decline of nine percent from 2016, when recycled water or Treated Sewage Effluent (TSE) accounted for 44 percent of the water used in district cooling, according to data published in the 2016 report.
(Writing by Anoop Menon; Editing by Michael Fahy)
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