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Emirates Water And Electricity Awards Taweelah C Power Project To TAQA And Global Consortium
Emirates Water And Electricity Awards Taweelah C Power Project To TAQA And Global Consortium
About this update from Taqa Arabia
Emirates Water and Electricity Company (EWEC) announces award of Taweelah C Independent Power Producer (IPP) project, in Abu DhabiThe project has been awarded to TAQA alongside an international consortium comprising Aljomaih Energy and Water Company and Sembcorp IndustriesFollowing the award, EWEC signed the project’s Power Purchase Agreement (PPA) with the partners, which will run through to 2050Under the terms of the PPA, EWEC will act as sole procurer of electricity, purchasing the net electrical energy generated by plantTAQA, the local and majority shareholder of the project, will own a 60% stake, with the international consortium holding 40%TAQA will also own a 40% stake in the operations and maintenance (O&M) company, while the international consortium will own 60%TAQA and the consortium will be responsible for the design, finance, construction, operation, and maintenance of the facility under Abu Dhabi’s successful IPP programme