Ewec aims to reduce carbon emissions linked to water desalination. Sarah Dea / The National
Ewec aims to reduce carbon emissions linked to water desalination. Sarah Dea / The National
Ewec aims to reduce carbon emissions linked to water desalination. Sarah Dea / The National
Ewec aims to reduce carbon emissions linked to water desalination. Sarah Dea / The National

Ewec awards desalination plant contract to Taqa and France's Engie


  • English
  • Arabic

Emirates Water and Electricity Company has awarded a contract to develop a desalination plant to a consortium made up of Abu Dhabi National Energy Company, better known as Taqa, and France’s Engie.

Taqa will take a majority share of the equity in the Mirfa 2 Reverse Osmosis plant, along with a stake in the operations and maintenance company, Ewec said on Monday.

“We look forward to this strategic collaboration with Taqa and Engie, which will see the development of the UAE’s third-largest low-carbon intensive RO water desalination plant,” said Ewec chief executive Othman Al Ali.

“Ewec is continuing to invest heavily in the development of RO projects and by 2030, [we] expect over 90 per cent of our water production to be via RO, resulting in the total carbon emissions associated with water production falling from 14.6 million tonnes in 2020 to 2.1 million tonnes by 2030,” said Mr Al Ali.

Reverse osmosis is a membrane-based method of desalination that uses less energy than the thermal process of producing fresh water. The method helps to lower the energy intensity of an industry that takes up a significant share of regional power consumption.

The project, which is expected to become fully operational in the third quarter of 2025, will use low-carbon technology to produce up to 550,000 cubic metres of potable water a day.

It will be 60 per cent owned by Taqa while the remaining 40 per cent will be held by Engie.

“As the low-carbon power and water champion of Abu Dhabi, Taqa is proud to be a principal shareholder in the M2 RO project, which will be critical to supporting national decarbonisation efforts and long-term water security for the UAE,” said Farid Al Awlaqi, executive director of generation at Taqa.

“The project also supports our growth ambitions to have water production using RO technology become more than two thirds of our total capacity by 2030.”

The UAE, Opec's third-largest oil producer, aims to become carbon neutral by 2050 and is focusing on the development of clean energy projects.

The country has Dh600 billion ($163.3 billion) worth of clean and renewable energy investments planned over the next three decades.

The Emirates is building the five-gigawatt Mohammed bin Rashid Solar Park in Dubai and the 1.5-gigawatt Al Dhafra station.

In December, Ewec said that clean energy accounts for more than 60 per cent of the total power it generates.

How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The years Ramadan fell in May

1987

1954

1921

1888

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Updated: February 20, 2023, 7:28 AM