Middle East Economic Survey
DEWA Appoints HSBC As Advisor For First IWPP
Dubai Electricity and Water Authority (DEWA) on 30 June awarded an international advisory contract to HSBC Middle East for Dubais first independent water and power project (IWPP). The Hasyan 1 IWPP will have capacity to generate 1.5gw of electric power and produce 120mn gal/day of desalinated water. The contract involves development of a strategy for further IWPP schemes in Dubai.