DEWA's hydroelectric power station is 29 per cent complete.
The plant, which is being built in Hatta, will have a production capacity of 250 megawatts (MW), a storage capacity of 1,500 megawatt-hours, and a life span of up to 80 years.
According to the emirate's electricity and water authority, this is the first station of its kind in the GCC.
The hydroelectric power plant helps with energy storage with a turnaround efficiency of 78.9 per cent.
It utilises the potential energy of the water stored in the upper dam - which is converted to kinetic energy during the flow of water through the 1.2-kilometre subterranean tunnel, to rotate the turbines and convert mechanical energy to electrical energy. This is then sent to the DEWA grid within 90 seconds in response to demand.
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), inspected the site and revealed that the 60-metre-deep excavation for the area where the generators will be installed is complete.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.
UAE climate-tech company HyveGeo has been crowned the winner of Dubai Holding's Innovate For Tomorrow Impact Accelerator, securing pilot funding and the opportunity to test its solutions within Dubai Holding's business ecosystem.
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