Utico wins Hassyan water reservoir project contract
DUBAI, April 19, 2021
Utico, a full service utility company in Middle East and the only private water and power company in the UAE, said it has secured a a major contract from Dubai Electricity and Water Authority (Dewa) for the development of its 120 million imperial gallons (MIG) Hassyan water reservoir project.
The Hassyan IWP project’s storage reservoir is for 60 MIG expandable to 120 MIG, while the desalination plant project capacity is 120 MIG per day with facilities to expand to 240 MIGD production per day.
This $80-million contract comes as an addition to the largest Independent Water Project (IWP) in Dubai – the Hassyan Sea Water Reverse Osmosis (SWRO) - which is a game-changer for its world’s lowest water tariff and potential to be expanded to the largest desalination project globally, said the statement from Utico.
Dewa had floated a separate tender for the Hassyan reservoir project and its scope of work includes associated electro-mechanical and Scada works, it added.
Utico had signed a 35-year shareholder agreement (SHA) and water purchase agreement (WPA) with Dewa earlier this month for the $410 million Hassyan SWRO.
"It makes us proud as an Emirati company equipped with cutting-edge technical, operational and engineering capabilities in winning these projects and providing the best globally competitive price for water projects," remarked Utico CEO Ali Al Darwish.
The engineering capacity that goes into these projects makes these wins the largest in the world in terms of total final capacity, noted Darwish.
Winning these projects demonstrated Utico’s value proposition in the context of the tough and challenging procurement model of Dewa, he added.-TradeArabia News Service
