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Dubai: Utico has scored another major win in Dubai bagging the US$80m, 120 million imperial gallons (MIG) Hassyan water reservoir project from the Dubai Electricity and Water Authority (DEWA).
In a statement, Utico said that this comes as an addition to the largest Independent Water Project (IWP) in Dubai – the Hassyan Sea Water Reverse Osmosis (SWRO) - which is a game-changer for its world’s lowest water tariff and potential to be expanded to the largest desalination project globally.
DEWA had floated a separate tender for the Hassyan reservoir project and its scope of work includes associated electro-mechanical and SCADA works.
Utico, the Middle East’s leading full service utility and the only private water and power company in the UAE, had signed a 35-year Shareholder Agreement (SHA) and Water Purchase Agreement (WPA) with DEWA earlier this month for the US$410m Hassyan SWRO.
“It makes us proud as an Emirati company equipped with cutting-edge technical, operational and engineering capabilities in winning these projects and providing the best globally competitive price for water projects ” said Mr. Ali Al Darwish, Chief Executive Officer of Utico in the UAE.
Winning these projects demonstrated Utico’s value proposition in the context of the tough and challenging procurement model of DEWA, he said.
The Hassyan IWP project’s storage reservoir is for 60 MIG expandable to 120 MIG, while the desalination plant project capacity is 120 MIG per day with facilities to expand to 240 MIGD production per day. The engineering capacity that goes into these projects makes these wins the largest in the world in terms of total final capacity, Utico said.
Mr. Ali Darwish said Utico is honored for the trust placed in it to develop and build these strategic projects of Dubai and is confident to execute it to the complete satisfaction of DEWA and all project stakeholders.
“The excellence of our capabilities as an Emirati company founded on innovation and sustainability inspires us to live up to the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai and of the entire UAE leadership, ” Mr. Ali Darwish added.
About Utico
Utico is a leading private utility company in the United Arab Emirates. It was founded in 2005 by Mr. Richard Menezes. It has since developed into a fully integrated privately owned utility provider. It is the Middle East’s largest major full service private utility. It is also the only private sector utility in the United Arab Emirates (UAE). Utico is part of the US$2.8 billion business conglomerate, RMB Group, based in Abu Dhabi and its business spans water supply, desalination, waste water treatment solutions, power generation and transmission as well as solar. Investors in Utico include sovereign government entities from the Kingdom of Saudi Arabia, Bahrain, Sultanate of Oman and Brunei. Utico has over 500 km. of water network. It also owns a first-of-its-kind 58 km. Ras Al Khaimah- Sharjah inter-emirates 50 MIGD water pipeline connecting the entire Northern Emirates across Ras Al Khaimah, Umm Al Quwain, Ajman and Sharjah. It also owns approximately 33 KV power transmission line and over 250 km. of 11 KV power network. Utico services across an area of 700 sq.km.
© Press Release 2021
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