The cost of producing desalinated water is set to drop to a record low, thanks to a new reverse osmosis plant that will come up in Abu Dhabi.
The facility in Al Taweelah will be the biggest of its kind in the world when completed in 2022.
It will be able to produce desalinated water at about half the current cheapest price.
Paddy Padmanathan, CEO of the Saudi power company ACWA, shared the details with ARN News.
He also explained how reverse osmosis technology works.
Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and ACWA Power, announced the successful financial closing of the Taweelah project earlier this week.
It will cost more than AED 3 billion, with funding sourced from a combination of loans worth a total of AED 2.71 billion, in addition to equity contributions from shareholders and operating cash flow from pre-operations.
ADPower and Mubadala Investment Company hold a 60 per cent equity interest in the project, while ACWA holds the remaining 40 per cent.
China and Pakistan have reached a "new broad consensus" on deepening strategic ties to beef up development of a joint economic corridor and establish the port of Gwadar as a regional connectivity hub, the neighbours said on Tuesday.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has highlighted the UAE's strong performance in the tourism sector by unveiling a record 9.7 per cent growth in hotel revenues in 2025.
The UAE's Ministry of Energy and Infrastructure has participated in the World Hydrogen Summit & Exhibition in Rotterdam, a leading international platform bringing together policymakers, experts and industry leaders to discuss the future of hydrogen and sustainable energy systems.
US Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed trade, visas, maritime security and energy supplies, while Washington cited progress on efforts to resolve the Iran conflict.
Dubai-based ENOC Group has signed an agreement with Abu Dhabi company Allied Biofuels Holding to explore the supply and distribution of sustainable aviation fuel, or SAF, from a new production facility being developed in Uzbekistan.
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