Dubai Investments Park (DIP), a 100% subsidiary of Dubai Investments(DIC), on Sunday announced signing an $86 million agreement with ABB Industries to commission a new substation of Dubai Electricity and Water Authority (DEWA) at DIP.
Situated in DIP 1, the 132/11 kilovolt (kV) substation is planned to be energised in July, according to the company’s statement to the Dubai Financial Market (DFM).
It is noteworthy that the new DEWA substation is the seventh operational substation in DIP 1 and 2.
“This new substation will help us to meet the demands of the businesses located in Dubai Investments Park. All sectors will be served from this substation and it will ensure the growth of logistics, residential, commercial and industrial sectors within DIP,” DIP general manager Omar Al Mesmar said.