Emirates

TAQA revenue stays stable at $4.79bn in 2019 – Abu Dhabi

Abu Dhabi National Energy Company (TAQA), a leading global energy company with operations in 11 countries, said the total group revenues were stable at Dh17.6 billion ($4.79 billion) in 2019 (down 1% versus 2018). 

It said the group had achieved strong operational performance for the year with increased production levels across its businesses: power, water, oil and gas. “This helped ensure continued financial profitability for the group for a third consecutive year, despite more challenging market conditions for the oil and gas industry,” the company said.

The net income attributable to TAQA shareholders was Dh234 million, a Dh164 million decrease year-on-year, it said.

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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.

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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.

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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.

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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.

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Deal signed to build giant desalination plant in the UAE – United Arab Emirates

Emirates Water and Electricity Company (EWEC), on Wednesday said it has signed a water purchase agreement with Saudi-based ACWA Power.

The deal will enable the development of over 900,000 cubic metres per day desalination facility in Taweelah, sufficient to meet the demand of water for over 350,000 households.

Approximately 45km north of Abu Dhabi city, the project will use reverse osmosis technology to desalinate seawater and will be one of the largest plants in the world.

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Abu Dhabi launches new policy on recycled water – Abu Dhabi

Abu Dhabi Department of Energy (DoE) has announced the launch of a ‘Recycled Water Policy,’ that will ensure optimal use of recycled water in the emirate. 

Announced during a workshop held by DoE, which was attended by all concerned parties, the policy supports efforts to preserve Abu Dhabi’s water resources, including drinking and underground water, in order to meet the future needs of all sectors.

Developed in cooperation with the Treated Wastewater Reuse Committee, the ‘Recycled Water Policy’ reinforces its role in ensuring sustainable supplies of recycled water through the distribution companies, said a statement from the DoE. 

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DEWA invites Expression of Interest for 120 MIGD Hassyan Sea Water Reverse Osmosis Project – Dubai

Dubai: Dubai Electricity and Water Authority (DEWA) released an invitation for interested companies to apply for Expression of Interests (EOIs) for the 120 million imperial gallons per day (MIGD) Hassyan Sea Water Reverse Osmosis (SWRO) project, for competent companies that work based on the Independent Water Producer (IWP) model to enter the project.

The deadline to apply for the EOI is 9 July 2019, and this project will be DEWA’s first IWP project.

Last May, DEWA appointed a consortium including Ernst & Young (E&Y), CMS, and WSP as advisors to the project.

“This project supports the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to promote sustainable development.

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Dewa inaugurates Simulator and Training Centre – Dubai

The Dubai Electricity and Water Authority (Dewa) has launched the Simulator and Training Centre at its Jebel Ali Power Plant & Desalination Complex.

Saeed Mohammed Al Tayer, MD and CEO of Dewa inaugurated the centre, which Dewa built in collaboration with Siemens. It is the first-of-its-kind in the Arabian Gulf region and the biggest Siemens Simulator of-its-kind worldwide. It aims to enhance the capabilities of engineers and technicians at Dewa.

Al Tayer noted that the Simulator and Training Centre will contribute to consolidating Emiratisation of engineering and technical jobs at Dewa, providing a unique experience to those working in the Generation division. This is achieved using state-of-the-art technologies and best international practices that enable trainees to experience real-life conditions and provide them with the skills needed for dealing with different circumstances.

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DEWA breaks world record for re-engineering gas turbine overhaul – Dubai

Dubai Electricity and Water Authority (DEWA) has broken the world record in major inspection outages by re-engineering the Gas Turbine SGT-4000F overhaul process at the Jebel Ali Power and Desalination Complex.

DEWA succeeded the completion of its major inspection outage within 11 working days compared to 30 working days previously. This allows a 63% reduction in outage duration, leading to increased availability of its gas turbines.

“This meets the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to continue the path towards excellence and being first in everything. We aim to continuously develop our programmes, plans, and projects to strengthen our competitive position globally level to achieve the highest reliability, efficiency, and savings in operational and maintenance expenditure.

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