Mubasher: The government of Abu Dhabi has invited companies from around the world to bid for building one of the world’s biggest water desalination plants in the UAE.
The project has an estimated to cost ranging between $600 million and $1.2 billion, and will have a capacity of 200 million gallons per day, the director of the Abu Dhabi Water and Electricity Authority (ADWEA), Adil Al-Saeedi told Reuters on Wednesday.
The developer will own up to 40% of a special purpose vehicle that will sign a long-term agreement to sell water to ADWEA, which will directly or indirectly own the rest of the equity in the project.
Abu Dhabi’s current water production capacity is around 960 million gallons per day from 10 desalination plants, the news agency noted.
