Dubai

Dubai adds innovation to destination status – UAE

Over the years, Dubai’s rapid transformation has put it at the forefront of key sectors of the global economy. A strong focus on innovation is now further boosting the city’s economic diversification and in turn enhancing Dubai’s status as an international meetings hub.

Taking its lead from the UAE National Strategy for Advanced Innovation, Dubai is today building a reputation for its knowledge base and the visionary strategies of its leaders, put in place to accelerate innovation across key sectors, including renewable energy, transport, education, health, technology, water and space.

Dubai has been consistently ranked the “Most Innovative City” in the region and the highest-ranking city for deployment of smart city apps — with the highest awareness, usage and satisfaction among its residents. This rapid evolution of innovation and digital transformation has made its way into the city’s infrastructure, bolstering not only the aforementioned verticals, but playing a major role in the business events sector, enhancing the delegate experience and creating lasting legacies.

Desalination plant achieves financial closure in UAE – UAE

The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt.

The Water Purchase Agreement with off-taker, FEWA, is signed for a 35-year term, and the plant is expected to be commercially operational by July 2022.

According to a company statement, the mandated lead entities including Korea Development Bank, MUFG Bank, Siemens Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, First Abu Dhabi Bank and Samba Financial Group helped structure the first IWP non-recourse project finance debt for FEWA on a 24.5-year door-to-door tenor.

Financial closure achieved for largest desalination plant in Umm Al Quwain – UAE

United Arab Emirates: A consortium consisting of ACWA Power and MDC Power Holding Company LLC, an entity fully owned by Mubadala Investment Company PJSC (Mubadala) along with the Federal Electricity & Water Authority (FEWA) has achieved the financial closure for the 150 MIGD Umm Al Quwain Independent Water Project (IWP) in the United Arab Emirates.

The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt.

The mandated lead entities including Korea Development Bank, MUFG Bank, Siemens Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, First Abu Dhabi Bank and the Saudi American Bank helped structure the first IWP non-recourse project finance debt for FEWA on a 24.5-year door-to-door tenor.

Dewa issues RFP for Hassyan SWRO desalination plant – Dubai

Dubai Electricity and Water Authority (Dewa) has issued a Request for Proposal (RFP) to nine qualified bidders for the development of the Hassyan sea water reverse osmosis (SWRO) plant with a 120 million gallons per day (MIGD) capacity.

This is the first water desalination project that Dewa has undertaken that uses the Independent Water Producer (IWP) model, said a statement from the Dubai utility. The project is expected to start operations in 2023, it added.

For this SWRO project, Dewa said it had received a total of 34 requests for qualification (RFQs) till date. Subsequently, it evaluated them and shortlisted these nine pre-qualified bidders to submit their proposals. The last date for submitting the bids is January 31, 2020.

Nine bidders compete for Dubai desalination plant contract – Dubai

Nine bidders are set to compete for a contract to develop a 120 million gallons a day desalination plant in Dubai.

Dubai Electricity and Water Authority (DEWA) said it has issued a request for proposal to nine qualified bidders for the Hassyan plant. This is which is the first water desalination project that DEWA has undertaken that uses the independent water producer (IWP) model.

DEWA said it has adopted IWP for the plant, following the success of the IPP model at the Mohammed bin Rashid Al Maktoum Solar Park projects.

International Desalination Association honours DEWA’s Al Tayer – Dubai

DEWA and the International Desalination Association have concluded the 2019 World Congress.

The event was held at the Dubai International Convention and Exhibition Centre under the theme Crossroads to Sustainability, and featured prominent seminars and discussion panels, as well as a prestigious prizegiving.

A technical programme was held to explore all aspects of advanced water treatment technologies, practices, and experiences.

NMES to provide new solutions for power and water plants in ME – UAE

ACWA Power, a Saudi leader in the sectors of water desalination and conventional and renewable power generation worldwide, and its Operations and Maintenance arm, The First National Operation & Maintenance Co. (NOMAC), are expanding and fortifying their presence in the power and water market through a newly established entity – NOMAC Maintenance Energy Services (NMES).

The newly formed NMES specialises in deploying and providing technologically advanced maintenance solutions for power generation and water desalination plants.

The launch of NMES is in line with ACWA Power and NOMAC’s expansion and growth plan within power generation and water desalination plants in the region.

Financial close reached for giant $870m UAE desalination plant – UAE

Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and Saudi-based ACWA Power have confirmed the successful financial closing of the world’s largest reverse osmosis desalination plant.

The new plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in 2022.

A partnership of Abu Dhabi Power Corporation and Mubadala Investment Company holds a 60 percent equity interest in the Taweelah project with the remaining 40 percent held by ACWA Power, a statement said.

EWEC, ACWA Power announce financial closing of world’s largest RO desalination project – Duabi

Emirates Water and Electricity Company, EWEC, a subsidiary of Abu Dhabi Power Corporation, ADPower, and Saudi Arabia’s ACWA Power have announced the successful financial closing of the world’s largest reverse osmosis desalination plant.

The new plant will be located at the Taweelah power and water desalination complex in Abu Dhabi, with completion expected in 2022. ADPower and Mubadala Investment Company hold a 60% equity interest in the Taweelah project while ACWA Power holds the remaining 40%.

The project is to cost AED3.19 billion, with funding sourced from a combination of senior project finance loans worth a total of AED2.71 billion, in addition to equity contributions from shareholders and operating cashflow from pre-operations.

Metito to showcase desalination expertise at top Dubai event – UAE

Metito, the multinational global provider of intelligent water management solutions, is set to showcase its expertise in the field of desalination and water reuse at the International Desalination Association (IDA) World Congress 2019 to be held in Dubai.

One of the world’s most anticipated and prestigious desalination and water reuse event, IDA is bringing together leading global experts in desalination and water reuse to share their knowledge, expertise and latest technologies in this field.

Through this event, IDA aims to further bridge the gap between industry innovations, integration, decision makers and the wider community.

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