Abu Dhabi's TAQA eyes water projects in MENA, India

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo by Bradley Kanaris/Getty Images - for illustrative purposes only)

(Photo by Bradley Kanaris/Getty Images - for illustrative purposes only)

Abu Dhabi National Energy Company (TAQA) plans to grow its water business via new projects and acquisitions across the Middle East and North Africa (MENA) as well as India by creating an independent operation, a company executive said on Tuesday.

Currently, the firm's power and water businesses operate together as in many of its markets water desalination and power generation plants are situated in close proximity.

The state-owned utility has investments in the energy and power sector from India and the Middle Eastand Africa to the United Kingdom and north America. Its desalination assets, however, are all located in the UAE.

As its sets up a separate water business within the company later this year, TAQA aims to boost its water output by at least 120 mgpd (million gallons per day) in five years by building new desalination plants or through acquisitions. That would mean about four plants each with a capacity of 30 mgpd.

"We are looking at doing some projects in the UAE and some across the MENA region and India where the market is huge," Ahmed bin Abbod al Adawi, head of TAQA's global water operations, told Reuters at an energy conference.

TAQA may invest in Ghana's water sector after the African state sought the UAE's expertise in this field, he added.

TAQA is among bidders for a 46 mgpd independent water project in Qurrayat, Oman.

"There is a local and regional market shift to independent water projects, a decoupling from power generation," al Adawi said.

This is in part due to the new Reverse Osmosis (RO) technology, an alternative desalination technique that is cheaper, needs less energy and can be sited anywhere along a country's coast.

Also, most countries in the region have huge power capacity serving a highly seasonal demand (mainly in summer) that makes it expensive and wasteful to ensure steady water production using power plant-based thermal technology.

TAQA, majority-owned by the Abu Dhabi government, has launched its first RO technology project at its existing Fujairah 1 power and desalination plant, investing $186 million to add 30 mgpd of water. The project is due for completion in 2015.

Related:

Market Performance

Abu Dhabi National Energy Company
1.19
-0.04 -3.25 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew