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.
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
The sweeping new US tariffs has had no "negative impact" on DXB, airport's CEO Paul Griffiths said, but added that with the "volatility of the situation, it's far too soon to comment".
UAE Ambassador to the UN, Mohamed Abushahab, has reiterated the call for an immediate ceasefire in Sudan during talks with UN Under-Secretary-General for Political and Peacebuilding Affair, Rosemary DiCarlo.
The UAE has strongly condemned the repeated attacks by Israel on Syria and reaffirmed its commitment to the country's "unity, stability and territorial integrity".