Dubai, UAE: The Federal Electricity and Water Authority (FEWA) and MDC Power Holding Company LLC, an entity fully owned by Mubadala Investment Company PJSC (Mubadala), have signed today a Joint Development Agreement and formed a consortium to co-develop Seawater Reverse Osmosis Desalination Plants in the Northern Emirates. The objective of the collaboration is to meet the growing water demand in the United Arab Emirates (UAE) through utilizing an efficient water generation system.

Commenting on the agreement, H.E. Mohammad Mohammad Saleh - Director General, FEWA said: “The mandate is to develop three desalination plants to be located in the Northern Emirates for a total capacity of 135 Million Imperial Gallons per Day (MIGD), which will be developed in two phases in three Emirates - Ras Al Khaimah, Um Al Quwain, and Fujairah. The timing and sizing of the facilities have been determined based on the optimal technical solution and commercial attractiveness. The first phase of the project is scheduled to be completed by 2021.”

Commenting on the agreement, Mohammed Al Huraimel, Utlilites Director, Mubadala said: “Mubadala is proud to partner with FEWA on this strategic project. This collaboration will leverage each entity’s unique capabilities. Together, with FEWA, our goal is to continue working on improving the overall power and water sector towards a highly efficient generation system while reducing the emissions of carbon dioxide (CO2), associated with the water desalination process in alignment with the UAE Water Security Strategy 2036”

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About the Federal Electricity and Water Authority

The Federal Electricity & Water Authority was established to cater the needs of the Northern Emirates population by providing world-class electricity and water services, improve the standards of living and achieve sustainable growth by 2021. It seeks to meet its mission by developing the necessary infrastructure, to fulfil the growing demand in the emirates under FEWA’s jurisdiction and to rationalize the usage of electricity and water to promote sustainable development.

About Mubadala Investment Company

Mubadala Investment Company is a pioneering global investor, deploying capital with integrity and ingenuity to accelerate economic growth for the long-term benefit of Abu Dhabi. As Abu Dhabi’s leading strategic investment company, Mubadala is active in 13 sectors and more than 30 countries around the world, creating lasting value for our shareholder, the Government of Abu Dhabi. Our work includes the development of global industrial champions in sectors such as aerospace, ICT, utilities, semiconductors, metals & mining and renewable energy, and the management of diverse financial holdings. Our investment approach prioritizes partnership with best-in-class organizations and a commitment to the highest standards of governance.

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