Sewa inks USD 680 mn water purchase and development contract with Saudi’s Acwa Power

Acwa Power to build independent water project in Sharjah: Saudi-listed private water desalination company Acwa Power inked an agreement with Sharjah Electricity, Water and Gas Authority (Sewa) to develop Sharjah’s first independent water project in Hamriyah, according to a disclosure to Tadawul.

By the numbers: The USD 680 mn project will use seawater reverse osmosis technology to produce 410k cubic m per day of desalinated water by 2Q 2028 — enough for as many as 1.4 mn people.

The 30-year contract signed between SEWA and Hamriyah Developer Holding (45% owned by Acwa) will cover the design, finance, operation, and maintenance of the plant.

OTHER INFRASTRUCTURE NEWS-

Etihad Water and Electricity inaugurated four new power and water facilities across three emirates with a total cost of AED 442 mn, Wam reported. The facilities include:

• AED 137 mn substation in Ajman’s Al Hamdiya;
• AED 61 mn substation in Mohamed Bin Zayed;
• AED 122 mn main station in Fujairah’s Al-Nujaymat;
• AED 122 mn water pumping station in Ras Al Khaimah’s Al Ghail.