Dubai Electricity and Water Authority (DEWA) announced in a statement that it has signed a Water Purchase Agreement (WPA) and the Shareholder Agreement (SHA) for the Hassyan Sea Water Reverse Osmosis (SWRO) Plant, (Hassyan IWP).
The agreement was signed with Emirati company Utico.
The total cost of the project is around USD 410 million (around AED 1.5 billion).
The 120 Million Imperial Gallons per Day (MIGD) project will be built using the Independent Water Producer (IWP) model.
The agreements were signed by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and Ivan Richard Menezes, Managing Director of Utico. Rashed Mehran Al Blooshi, Chairman of Utico and a number of DEWA officials were present.
The duration of the agreement is 35 years and the project is expected be completed by March 2024.
Earlier, during September 2020, DEWA received a world record for the lowest levelised water tariff of 0.277 USD per cubic meter for this project, which is DEWA’s first IWP project. (read more)
During November 2020, DEWA announced that Utico as the preferred bidder for the project. (read more)
The project is part of DEWA’s strategy to increase the water desalination capacity in Dubai to 750 MIGD, from 470 MIGD at present.
Earlier during May 2019, DEWA has appointed UK’s EY as lead and financial adviser for the project, UK-based CMS as legal adviser and Canada’s WSP as technical adviser.
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