Unfortunately, California American Water Co., a private water supplier, is discrediting the project in the hopes of instead getting approval for their much more costly, oversized and environmentally harmful groundwater desalination project to be built in, around and through the city of Marina.
The plant is being financed through limited recourse ring-fenced project financing from Al Rajhi Bank 1120.SE, Abu Dhabi Islamic Bank ADIB.AD, Riyad Bank 1010.SE and Mizuho 8411.T, ACWA said in a statement.
The transaction is funded through “limited recourse ring-fenced project financing” with Al Rajhi Bank, Abu Dhabi Islamic Bank, Riyad Bank and Mizuho Bank as initial mandated lead arrangers, the Saudi-based utility said in a statement.
Dubai’s Hassyan IWP achieves world’s lowest tariff of 0.277 USD per cubic metre – United Arab Emirates
After retendering the project, Dubai Electricity and Water Authority (DEWA) has achieved a new world’s breaking record for the lowest water levelised tariff of 0.277 USD per cubic metre for its 120 Million Gallons Per Day (MIGD) Hassyan Sea Water Reverse Osmosis (SWRO) Plant.
DEWA has adopted the IWP procurement model for the Hassyan desalination plant following the success of the Independent Power Producer (IPP) model at the Mohammed bin Rashid Al Maktoum Solar Park projects.
Chile produces nearly a quarter of the world’s copper supply, with the majority of production coming from the northern provinces (Exhibit 1). That same region is one of the driest places on the planet.
Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inspected the progress of the Seawater Reverse Osmosis (SWRO) Desalination Plant’s construction at the Jebel Ali Power Plant and Desalination Complex.
The plant will have a total production capacity of 40 Million Imperial Gallons per Day (MIGD). Jebel Ali Power Plant and Desalination Complex is one of the main complexes providing Dubai with reliable, efficient, and high-quality electricity and water services.
The European Bank for Reconstruction and Development reports it is considering lending $54 million to Saudi energy giant ACWA for a 200 MW solar power plant it is building in the town Kom Ombo, in the Aswan governorate of southern Egypt.
The 200 MW plant will be located in a vacant arid land 60 km north of Aswan city, adjacent to a 26 MW PV plant developed by the New and Renewable Energy Authority (NREA) and also approximately 17 km north of the 1.8 GW Benban solar complex, where ACWA Power has already developed 120 MW of solar.
Speaking on the topic “Making State Enterprises Profitable and Resilient”, Asabee said “Why would you want to desalinate seawater when you have clean water bodies like the Volta that has been dammed at Akosombo and, you can even supply to Togo if you are serious.