Dewa seals water purchase deal with Utico for $410m SWRO project
DUBAI, 3 days ago Dubai Electricity and Water Authority (Dewa) has signed a 35-year water purchase agreement (WPA) and the shareholders agreement (SHA) for the Hassyan Sea Water Reverse Osmosis (SWRO) plant, with Emirati company Utico. The 120 million imperial gallons per day (MIGD) project will be built using the Independent Water Producer (IWP) model. It is expected to be completed by March 2024 at a total cost of $410 million. The agreements were signed by Saeed Mohammed Al Tayer, MD and CEO of Dewa, and Ivan Richard Menezes, the managing director of Utico in the presence of the group s Chairman Rashed Mehran Al Blooshi and other senior officials.