Deals signed to expand clean, renewable energy in Abu Dhabi

Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company (Taqa), Dubal Holding and Emirates Water and Electricity Company (EWEC) have signed a series of agreements to decarbonise aluminium production and expand renewable and clean energy development in Abu Dhabi.

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The initiative supports the growth strategies of Taqa and Dubal Holding, places EGA among the global aluminium industry's leaders in the drive to net zero by 2050, strengthens EWEC’s optimisation of new solar power generation and enhances overall power generation efficiency in the Emirate.

The agreements were signed by senior executives from the four entities in the presence of Dr Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy, Homaid Al Shimmari, Chairman of Emirates Global Aluminium, and Jasim Husain Thabet, Group Chief Executive Officer and Managing Director of Taqa.

Taqa and Dubal Holding will acquire EGA’s power and water generation assets in Al Taweelah for $1.9 billion (around Dhs7 billion). The plant, with a generation capacity of 3.1GW and 6.25 million imperial gallons per day of desalination, uses high-efficiency combined-cycle gas turbines and reverse osmosis technology. The assets will be transferred to a joint venture equally owned by Taqa and Dubal Holding, with operations managed by a new company jointly owned by Taqa and EGA.

The joint venture signed a Power Purchase Agreement with EWEC for the supply of power from Al Taweelah until 2049. The plant will provide flexible capacity to support further integration of renewable and clean energy into the Abu Dhabi grid.