ACWA Power rolls out commercial project in Abu Dhabi

ACWA Power rolls out commercial project in Abu Dhabi

ACWA Power Firm has obtained a commercial operation certificates from Emirates Water and Electrical energy Firm (EWEC) for Group 2 of Taweelah RO Desalination Firm in Abu Dhabi.

The Group 2 has a each day manufacturing capability of 378,689 cubic metres of desalinated water, in accordance with a bourse submitting.

In the meantime, Group 1 started commercial operation on 9 June 2022, holding a each day capability of 454,609 cubic metres of desalinated water.

The full capability of the Taweelah RO facility stands at 833,298 cubic metres each day.

ACWA Power, which owns a 40% stake in Taweelah RO Desalination, anticipated that the monetary affect of Group 2 will start from the second quarter (Q2) of 2023 onwards.

Earlier this month, Rawabi Water Desalination Firm, partly owned by ACWA Power, and Saudi Water Partnership Firm inked a water buy settlement at a worth of SAR 2.54 billion.

In January-December 2022, the Tadawul-listed agency posted 102.96% year-on-year (YoY) larger internet earnings after Zakat and tax at SAR 1.54 billion, versus SAR 758.79 million.

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