Family-owned conglomerate committed to nurturing the development of Emirati workforce
business5 hours ago
The Dubai Electricity and Water Authority (Dewa) has appointed a consortium of companies including Ernst & Young (E&Y), CMS, and WSP as advisors on the Hassyan's Sea Water Reverse Osmosis (SWRO) Project to produce 120 million imperial gallons per day.
The project is Dewa's first Independent Water Producer model (IWP) project. Dewa adopted the IWP system for the Hassyan desalination plant following the success of the Independent Power Producer model at the Mohammed bin Rashid Al Maktoum Solar Park projects. The SWRO project is expected to commence production in 2023. The desalination plant will use the most efficient and proven art technology available at the mark. The plant will supply the Dewa water transmission network to ensure sustainable supply.
Advisory services provided by the consortium include reviewing existing UAE legislation and regulatory framework, IWP Developer tender document preparation, soliciting development and investment market interest, financial model development, IWP Developer tender submission management and evaluation, development of supplemental agreements, commercial negotiation, concluding a water purchase agreement, and financial closure with the developer. The scope also includes the preparation of a project marketing plan, participating in marketing activities, local and international roadshows, workshops, and the provision of training for the IWP concept.
"We are building production plants based on Reverse Osmosis which requires less energy than that multi-stage flash distillation based plants, making it a more sustainable choice for water desalination," said Saeed Mohammed Al Tayer, managing director and CEO of Dewa.
- Wam
Family-owned conglomerate committed to nurturing the development of Emirati workforce
business5 hours ago
The digital asset industry is experiencing exponential growth
tech5 hours ago
Urban Ledger debuts at Seamless Middle East 2024
tech5 hours ago
Applications now open for AFE’s talent development programme
entertainment6 hours ago
Dubai Premier Padel P1 is part of a 25-tournament season that visits 18 countries across five continents
sports6 hours ago
His first job was in construction, which paid a salary of Rs150 — a significant sum at the time
uae6 hours ago
The emirate has proven itself to be one of the most attractive global destinations for investors
realty6 hours ago
Similar concept as Open-Book model trialled at schools here
education6 hours ago