Mubadala and Dubal to build 600 MW power and desalination plant in Dubai

• 5 years ago (2018-12-19)
• David Flin

Gas 371 Middle East 310

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Abu Dhabi’s Mubadala Investment Company and Dubal Holding have announced plans to set up a joint venture to develop a power and water desalination plant in Dubai. The 600 MW plant will be built at Emirates Global Aluminium’s (EGA) smelter at Jebel Ali in Dubai. Mubadala and Dubal Holding signed a 25-year deal with EGA worth $275 million to develop the project.

The shareholders of the joint venture also signed an agreement with Siemens to install the UAE’s first combined cycle H-class gas turbine.

Abdulla Kalban, Managing Director and CEO of EGA, said: “This deal will enable EGA to further improve energy efficiency, saving natural resources and reducing the cost and environment emissions associated with our aluminium production. Bringing in our shareholders to invest in such power facilities through a new company makes sense for EGA from a capital allowance perspective as we expand our core business upstream and internationally.”