China-UAE Ties: DEWA CEO praises Chinese investment
Updated 16:38, 22-Jul-2018
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03:15
Chinese companies have been developing major projects in the UAE in the past few years and sport an excellent track record. That was the word from the CEO of the Dubai Water and Electricity Authority in a wide-ranging interview. Yasser Hakim has the story from Dubai.
SAEED AL TAYER DEWA CEO "The vision of DEWA is a sustainable, innovative world-class utility. Our mission is to supply a reliable source of power and water. By 2020 our target is to reach 7% in renewable energy, 25% by 2030 and in 2050 would be 75%."
DEWA has the Lowest rate of power cuts, water loss and recovery time. It was ranked the best in the world by the World Bank in 2017. Chinese companies are a major partner in achieving the targets set by DEWA. There's Hassyan, the environment-friendly clean coal project by China's Herbun. And a consortium led by Shanghai Electric landed a huge Concentrated Solar Power project, at a cost of 13.6 billion dollars.
SAEED AL TAYER DEWA CEO "This is the largest single site in the world. It consists of 5000MW. This will actually reduce on a yearly basis about 6.5 tonnes of carbon emissions. This project is about parabolic technology and tower technology. The tower is the highest and tallest in the world at 260meters."
YASSER HAKIM "Tell us more about cooperation with China and why Chinese companies were chosen to partner you in these ambitious projects?"
SAEED AL TAYER DEWA CEO "Chinese companies have an excellent track record and their offer was very competitive. There are also other projects in the civil work, in transmission, distribution and supply construction. We are dealing with different companies from China since the '90s."
YASSER HAKIM "The Chinese President is visiting the UAE, how do you view this visit, which is his first to the United Arab Emirates?"
SAEED AL TAYER DEWA CEO "We welcome the Chinese president in his historic visit to the UAE. This confirms the strategic partnership between the countries and this will build stronger relations in the future in regards to economy, culture and trade."