Dubai Electricity and Water Authority (DEWA) is not expecting to issue more Islamic bonds before 2015 if electricity demand growth in the Gulf Arab emirate remains steady, its chief executive said on Wednesday.
“According to cash flow, there will be no additional sukuk or (conventional) bonds (in 2013). I do not think we are going to target sukuk next year, except if (electricity consumption) growth changes to 10 percent or growth targets change,” Saeed Mohammed al-Tayer said………………………………………..Full Article: Source