GDF Suez signs Mirfa power and water deal in Abu Dhabi

French utility says it has inked 25-year agreement as it seeks to capitalise on growing demand in region

French utility GDF Suez said it signed a 25-year water and power contract with the Abu Dhabi Water and Electricity Company as it seeks to capitalise on growing demand in the region.

The Mirfa project will be built at a cost of about $1.5 billion and will involve the acquisition of certain water and power facilities, the development, design, engineering and construction of new power and water facilities, and the operation of the plant, GDF Suez said.

"This new project will allow us to pursue our growth strategy in the region and to meet the increasing demand for both electricity and water in the United Arab Emirates," Chief Executive Gerard Mestrallet said in a statement on Thursday.

GDF Suez has five power and water plants in operation in the UAE. Once the Mirfa project is completed, GDF Suez said it would operate 10.4 gigawatts of power capacity and 2.77 million cubic metres a day of water capacity.

Related:
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!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Power to the people in Saudi Arabia

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand...

The upstream movement: Oil producers must invest to avoid another crisis

The upstream movement: Oil producers must invest to avoid another crisis

While oil producers continue to debate a reduction in output...

Saudi's Naimi's battles against Western 'greed' shine light on Aramco IPO

Saudi's Naimi's battles against Western 'greed' shine light on Aramco IPO

Former minister releases memoirs 'Out of the Desert'; reveals...

Most Discussed
sponsoredTracking