United Arab Emirates

Dh3.4m prize offered to improve water desalination – UAE

Entrepreneurs are being offered Dh3.4 million in prize money to help reduce the amount of brine produced at desalination plants.

The UAE government has combined with the private sector to launch Rethink Brine in an effort to solve the issue.

Officials hope the challenge will encourage more researchers and scientists to develop new ways to tackle the problem.

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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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GCC leading the world in water desalination efforts – Asia

The GCC is leading the world in desalination with the UAE and Saudi Arabia being market leaders, according to data published ahead of the second edition of MENA Desalination Projects Conference which will take place on March 10, 11 in Abu Dhabi.

In Oman, desalination market has been expanding by 5 per cent per year. The country has a total of nine large desalination plants, plus 47 small plants all of which supply about 86 per cent of the country’s potable water.

GCC countries have the highest global water desalination capacity of 81 per cent, producing around 40 per cent of the total world water desalination. Saudi Arabia is responsible for about one-fifth of the global production and leads the world in the volume of desalinated water it produces which makes up 50 per cent of its water consumed. The country is the largest desalination market in the world producing around 4mn m3 of desalinated water per day, and approximately US$80bn is expected to be invested in new projects over the next 10 years.

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DEWA receives world’s lowest tariff of 0.306 USD for Hassyan desalination plant – UAE

Dubai Electricity and Water Authority (DEWA) received with world’s lowest water levelised tariff of 0.306 USD per cubic metre for its 120 Million Gallons Per Day (MIGD) Hassyan Sea Water Reverse Osmosis (SWRO) Plant.

The project is DEWA’s first Independent Water Producer (IWP) model project.

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. The Project will be commissioned in August 2023. The plant will use the latest and most efficient and reliable technologies to support DEWA’s water network to ensure sustainable water supply.

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GCC Countries Leading the World in Desalination with Around 40% of Total – UAE

 The GCC is leading the world in desalination with the UAE and KSA being market leaders, according to data published ahead of the second edition of MENA Desalination Projects Conference taking place on 10-11 March 2020 at Jumeirah Etihad Towers, Abu Dhabi.

GCC countries have the highest global water desalination capacity of 81%, producing around 40% of the total world water desalination.  KSA is responsible for about one-fifth of global production and leads the world in the volume of desalinated water it produces which makes up 50% of its water consumed.

The country is the largest desalination market in the world producing around 4 million cubic meters of desalinated water per day, and approximately $80 bn is expected to be invested in new projects over the next 10 years.

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GivePower and Zero Mass Water win awards – Dubai

The US-based companies GivePower foundation and Zero Mass Water won the first and third place, respectively in the Innovative Projects Award – Small Projects category, at the 2nd cycle of the Mohammed bin Rashid Al Maktoum Global Water Award.  

Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Media Council, has awarded the winners at a special event held in Dubai. 

GivePower Foundation won first place in the Innovative Projects Award – Small Projects category that is worth $120,000. Give Power’s project, Blu Drop Solar Water Farm, is a solar-powered desalination unit that fits into a container. 

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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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Funding secured for $800m Umm Al Quwain desalination plant

A consortium has achieved the financial closure for the largest desalination project in Umm Al Quwain.

The group consisting of ACWA Power and MDC Power Holding Company, along with the Federal Electricity & Water Authority (FEWA) has funds in place for the 150 million imperial gallons per day (MIGD) Umm Al Quwain independent water project.

The $800 million project is mainly funded by a syndicate of seven international and local lenders who will provide $680 million senior debt.

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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.

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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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