Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA) says that DEWA strives in line with Dubai's economic vision to turn Dubai into a global hub of green economy.

According to Amac News: Altair emphasizes that DEWA has developed the IPWP independent electricity and water producer model using international best practices and practices.
According to him, this model is designed to harmonize with the requirements of Dubai and its legal and technical environment. DEWA's adoption of the independent producer model has helped attract investments worth AED 43.6 billion over 10 years.
Through this model, DEWA has achieved the lowest Levelized Cost of Energy (LCOE) in the world for solar projects, making Dubai a global benchmark for solar energy prices.
 IPWP projects support Dubai's D33 economic agenda, which aims to double the size of Dubai's economy within 10 years and consolidate its position among the top three global cities.
Al Tayer said that they are also aligned with Dubai's Clean Energy Strategy 2050 and Dubai Zero Carbon Emission Strategy 2050 to provide 100% of energy production capacity from clean energy sources by 2050.
Dubai has maintained its position as the world's leading FDI hub for the third year in a row, according to data from the Financial Times.
Dubai will attract more than 39.2 billion dirhams in FDI in 2023 and create about 45,000 jobs.
DEWA is helping to attract foreign investments through its pioneering energy and water projects based on the independent power and water producer (IPWP) model. DEWA has adopted this model since 2014, replacing the Engineering, Procurement and Construction (EPC) model.
Among DEWA's key IPP projects is the Mohammed Bin Rashid Al Maktoum Solar Park, the largest single-site solar park in the world, with a planned generation capacity of over 5,000 MW by 2030 and a total investment of AED 50 billion.
DEWA has inaugurated 5 phases of the solar park and is currently running the 6th phase of 1,800 MW at a cost of around AED 5.5 billion.
Other DEWA energy projects based on the IPP model include the Hassyan Power Complex, which runs on natural gas. The 2400 MW power complex is one of the largest power plants in the region, which uses the latest international technologies in energy production.
DEWA is also running a 180 million imperial gallons per day (MIGD) seawater reverse osmosis (RO) desalination project at Hassyan using an independent water producer model. It is the world's largest project of its kind using RO technology based on the independent water producer (IWP) model with an investment of 3.4 billion dirhams.