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Law No. 27 of 2021 concerning the Dubai Electricity and Water Authority.

Country/Territory
United Arab Emirates
Territorial subdivision
Dubai
Document type
Legislation
Date
2021
Source
FAO, FAOLEX
Subject
Energy, Water
Keyword
Governance Institution Legal proceedings/administrative proceedings Authorization/permit Business/industry/corporations Financing Tax/levy Water supply
Geographical area
Middle East, Near East and North Africa, Persian Gulf
Entry into force notes
This Law enters into force onthe day of its publication in the Official Gazette.
Abstract

This Law consists of 20 articles and (i) establishes the Dubai Electricity and Water Authority PJSC as a public joint stock company wholly owned by the Government of Dubai; (ii) defines the objectives, powers, functions, and structure of the Company. It is exclusively responsible for establishing, managing, and owning the Public Network, including power stations, water desalination plants, reservoirs, and distribution systems in the Emirate. Its objectives include (i) developing water resources; (ii) implementing electricity and water projects for public needs; (iii) achieving other goals outlined in the Articles of Association. The Company has the authority to purchase electricity and water, contract for construction, establish or hold shares in related companies, engage in fuel transactions, own and lease property, invest commercially, borrow funds, grant usufruct rights, and undertake activities aligned with its objectives as defined in the Articles of Association. The Company will have a Board of Directors responsible for the general supervision and management of the Company, ensuring compliance with the law and Articles of Association. Their key functions include approving and overseeing strategic plans, policies, and organizational structures, issuing financial and administrative bylaws, and managing assets. The Board has the authority to make decisions on property and asset-related matters, authorize investment, borrowing, and lending transactions, acquire or merge companies, and perform any other functions outlined in the Articles of Association. The Chairman of the Executive Council, based on the Board of Directors' recommendation, will determine electricity and water consumption tariffs, as well as fees and security deposits for the Company's services. Additionally, matters related to the protection of the Public Network will adhere to the provisions of Law No. 6 of 2015 and its associated resolutions.

Full text
English/Arabic
Website
dlp.dubai.gov.ae