Abu Dhabi project to make desalination cheaper

123RF

The cost of producing desalinated water is set to drop to a record low, thanks to a new reverse osmosis plant that will come up in Abu Dhabi.

The facility in Al Taweelah will be the biggest of its kind in the world when completed in 2022.

It will be able to produce desalinated water at about half the current cheapest price.

Paddy Padmanathan, CEO of the Saudi power company ACWA, shared the details with ARN News.

He also explained how reverse osmosis technology works.

Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and ACWA Power, announced the successful financial closing of the Taweelah project earlier this week.

It will cost more than AED 3 billion, with funding sourced from a combination of loans worth a total of AED 2.71 billion, in addition to equity contributions from shareholders and operating cash flow from pre-operations.

ADPower and Mubadala Investment Company hold a 60 per cent equity interest in the project, while ACWA holds the remaining 40 per cent.

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!