The Middle East’s
3. Saeed Mohammed Al Tayer
Designation: CEO & Managing Director
Company: Dubai Electricity and Water Authority (DEWA)
Established: 1992
Headquarters: U.A.E.
DEWA’s gross power generation reached 25.5TWh in the first half of 2024, with 12.9% coming from green energy. In 2023, DEWA reduced its CO₂ emissions by 10.54 million tonnes compared to 2006. As of July 2024, DEWA’s independent power and water producer model had attracted projects worth $11.9 billion over 10 years. DEWA is designing the Mohammed bin Rashid Al Maktoum Solar Park to have a production capacity of 5,000 megawatts by 2030. It is currently at 2,860 megawatts. DEWA is also constructing a $387 million pumped-storage hydroelectric power plant in Hatta, with a production capacity of 250 megawatts, which is expected to be completed in Q1 2025.