Business Investment

Abu Dhabi’s Mubadala, ACWA Power to develop $891 million water project

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Thursday 12, September 2019 BY Kuda Muzoriwa

The plant is due to start full commercial operations in the fourth quarter of 2022 and Emirates Water Electricity Company (EWEC) will be the buyer of the water produced for a 30-year period.

Abu Dhabi’s Mubadala and Saudi Arabia’s ACWA Power plans to develop a AED 3.27 billion ($891 million) independent water desalination plant, reported Reuters.

Independent Water Producers, a company set up by Mubadala Investment Company and Abu Dhabi Power Corporation, holds a 60 per cent stake while ACWA Power holds 40 per cent.

Independent Water Producers has awarded a joint venture between Abengoa and PowerChina the engineering, procurement and construction (EPC) contract to build the 200 million gallon per day facility in Taweelah, using reverse osmosis (RO) technology to desalinate water.

Othman Al Ali, the Chief Executive of EWEC, said that the choice of Reverse Osmosis sea water desalination technology will play a critical part in significantly reducing water production costs, contributing to the government’s goal to build a more sustainable and efficient water and energy sector in the UAE.

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