DEWA and BSI agree to develop a risk management standard for the energy and utilities sector
- Published: Tuesday, 29 January 2019 14:04
The Dubai Electricity and Water Authority (DEWA) and the British Standards Institution (BSI) have signed an agreement to develop the PAS 60518:2020 standard for risk management in the energy and utilities sector. PAS 60518 will be the first of its kind in the world and will provide a global reference standard for the energy and utilities sector.
“The agreement between DEWA and BSI shows our commitment to cooperate to develop leading international standards by developing the PAS 60518:2020 (Risk Management in Power & Utilities Sector) Standard.
“DEWA is the Middle East's first organization to implement the SAP Risk Management 10.1 and adopt best international practices based on the ISO 31000 certificate. DEWA also received the Business Continuity Management System (ISO 22301) for its integrated operations and is the first utility in the Middle East and North Africa to do so,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
The new PAS 60518 standard will be launched during Q3 of 2019 and will be ready for implementation in 2020.