UAE Business: Abu Dhabi sets $13.6bn revenue limit for utility project operators
Abu Dhabi Department of Energy (DoE) has issued the
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Abu Dhabi Department of Energy (DoE) has issued the
Abu Dhabi Department of Energy has issued the second regulatory control for water, electricity and wastewater sector operators, which sets the revenue limit at AED50 billion ($13.6 billion) for January 2023 to December 2026 to ensure operator efficiency.
ABU DHABI, 13th July, 2023 (WAM) -- Abu Dhabi Department of Energy (DoE) has issued the Second Regulatory Control for water, wastewater and electricity sector operators, which sets the revenue limit at AED 50 billion for January 2023 to December 2026, to ensure operator efficiency and strengthen regulatory framework.Those controls will apply on each of the following companies: Abu Dhabi Distribution Company (ADDC), Al Ain Distribution Company (AADC), Abu Dhabi Transmission & Despatch Company (TRANSCO), and Abu Dhabi Sustainable Water Solutions Company (ADSWSC), previously known...