Dubai Electricity and Water Authority (Dewa) said on Saturday it had increased its budget by Dh6.7 billion ($1.8 billion) for 2014 to pay for projects and purchases.

Dewa's 2014 budget has been set at Dh20.56 billion compared with Dh13.835 billion in 2013.

"Expenditures on projects and purchases will reach Dh7.057 billion," the state-owned utility said.

DEWA did not say how it is going to finance the increase in the budget.-Reuters