Dubai:Dubai Electricity and Water Authority (DEWA) has been awarded the Structured Finance Deal of the Year at the Global Banking and Markets Awards Middle East 2026. This accolade recognizes the organization's significant transaction and outstanding performance across regional capital markets.
According to Emirates News Agency, the award was conferred upon DEWA for its successful refinancing of the 2,400MW Hassyan Power Complex, amounting to US$2.45 billion. The project operates under the independent power producer model, underscoring the strength of DEWA's financial structure, operational efficiency, and sustainable value creation.
Saeed Mohammed Al Tayer, the Managing Director and Chief Executive Officer of DEWA, and Chairman of Hassyan Energy, remarked that the award reflects the strong confidence in Dubai's energy sector's ability to deliver significant long-term infrastructure projects. He emphasized DEWA's commitment to adhering to the highest global standards of governance and financial innovation while continuing to develop resilient and sustainable energy infrastructure.
Al Tayer also noted the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, in setting advanced performance standards that integrate efficiency with sustainability. The Hassyan Power Complex, he added, bolsters national readiness by enabling a decisive response to current challenges while anticipating future needs.
Waleed bin Salman, DEWA's Executive Vice President of Business Development and Excellence, highlighted that the prestigious global awards DEWA receives demonstrate its competitive capabilities on a global scale. He affirmed DEWA's success in enhancing its excellence and leadership to achieve sustainable value for all stakeholders.
The Global Banking and Markets Awards Middle East is a distinguished event that brings together leading regional and international financial and investment institutions. Winners are chosen by a panel of esteemed banking and finance leaders.