UAE – Mubasher: The Federal Electricity & Water Authority (FEWA) has signed an agreement with Saudi Arabia’s ACWA Power, and MDC Power Holding Company, a subsidiary of Mubadala Investment Company to build a desalination plant in the Emirate of Umm Al Quwain.
Under the agreement, FEWA will hold 20% of the plant, while ACWA and Mubadala will own 40% stake each, according to a company statement released on Tuesday.
The new plant’s production capacity will reach 150 million imperial gallons per day.
“This project is FEWA’s first asset in partnership with the private sector. Its implementation will reinforce UAE’s Water Security Strategy 2036 as well as bolster its core programmes,” chairman of FEWA Suhail Mohamed Al Mazrouei said.
The construction of the project is expected to commence in the second half of 2019, while the initial water production is slated for 2021.
“We made the strategic decision to expand our footprint in the UAE through investing in the Umm Al Quwain SWRO and increasing our contribution to the safe and reliable delivery of water,” president and CEO of ACWA Power, Paddy Padmanathan, commented.
