Friday, April 3, 2020

Dubai Moves to Shield Prized Emirates Airline From Virus Fallout – Biedex Video

Dubai Moves to Shield Prized Emirates Airline From Virus Fallout Loading advertisement... Up...

World’s largest desalination plant in the UAE secures $758 mn loan

A UAE government-owned desalination project has secured a loan certificate of $758 million with a 32.4 year tenor.

The project is expected to be completed in 2022. Once operational, it will be the largest desalination plant not only in the UAE but in the world.

The funds will be used to designing, development, operation and maintenance of the 200 million imperial gallons per day desalination plant and associated infrastructure and facilities.

To be developed at the existing Taweelah complex, in the Emirate of Abu Dhabi, UAE, it also includes a 68 MW peak photovoltaic power plant to complement the energy supply from the procurer’s grid.

The project, which is called the Taweelah Independent Water Project, is 40 percent co-owned by Saudi-based ACWA Power.

Vigeo Eiris, which provided an independent second party opinion on the sustainability credentials and management of this project finance loan said in a statement, “Taweelah Independent Water Project (IWP) project includes a state-of-the-art desalination plant, including modern and energy-efficient technologies for water production (seawater reverse osmosis), higher standards and monitoring of its effluents’ water quality”.

“The technology employed is considered by the World Bank as the most energy-efficient and best-in-class among existing desalination technology. The new desalination plant will significantly increase – almost doubling – the volume of water supply available to the local water network and population, aligned with the projected doubling of local water demand by 2050”.

The total cost of the project is estimated to be around AED3.19 billion. Renewable energy is expected to account for at least 30 percent of the project’s electricity capacity in the next 10 years. The target is to raise it to 55 percent by the end of the first quarter-life of the project.

Latest Posts

There is no flights from UAE to Yerevan currently – Embassy of United Arab Emirates in Armenia

There is no flights from UAE to Yerevan currently - Embassy of United Arab Emirates in Armenia The Embassy of the United Arab Emirates...

UAE appoints Abdulhamid Saeed as new central bank governor – government office

DUBAI, April 2 (Reuters) - The United Arab Emirates’ president appointed Abdulhamid Saeed as the new central bank governor, the government communication office said...

BP resumes gas production at Ghazir field in Oman

DUBAI, April 2 (Reuters) - BP’s Oman unit is resuming gas production at its Khazzan field, known as Ghazir, following a three-week planned shutdown,...

Abu Dhabi outlets to use taxi services to deliver goods

Thursday, April 2nd, 2020 4:16pm SUPPLIED/ITC Home delivery taxis are now operating in Abu Dhabi, helping...

Don't Miss

HSE Manager – Bright Fortune – Dubai

With relevant degree & certification in Safety.2-3 years UAE experience is the must.Ability to coordinate with HSE officers & implement the strategies.Job Types: Full-time,...

Naga City records 1st case of COVID 19

NAGA CITY, March 31 (PIA) – City Mayor Nelson Legacion, on Monday evening officially announced the first case of COVID 19, here after a...

Avaya Spaces Online Collaboration App Gets TRA Approval in the UAE

Avaya today commended the approach to public-private partnerships being taken by the UAE’s Telecommunications Regulatory Authority, following the...

Dubai Free Zones Council announces COVID-19 economic stimulus package

Disclaimer Unsolicited emails and other information sent to Dentons will not be considered confidential, may be disclosed to others, may not...

Al-Futtaim Engineering will sanitise your business

Feel the need to deep clean your office space or studio?Al-Futtaim Engineering & Technologies has introduced a sanitisation service for homes and business.Good...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: