ACWA Power has signed a 30-year water purchase agreement with Dubai Electricity and Water Authority for a seawater reverse osmosis independent water project inside the Hassyan complex, valued at about SAR 1.79 billion, or USD 478 million. The facility is planned at roughly 272,000 cubic metres per day, with ACWA holding a 40 percent stake and financial impact expected from 2030. The stock exchange disclosure named no EPC contractor and gave no construction start date.
This is an editorial summary written by Xinray Technology. All rights to the original report belong to Zawya (Reuters).
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