UAE GIANTS INK POWER DEAL
THE NEW DEAL WILL LEAD TO THE DEVELOPMENT OF A DESALINATION PLANT AT EMIRATES GLOBAL ALUMINIUM’S SMELTER AT JEBEL ALI
EMIRATES GLOBAL ALUMINIUM, MUBADALA AND DUBAI Holding announced that they are to to develop a new power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai.
The new facilities will improve the efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consumption, a statement said.
Mubadala and Dubal Holding are to establish a joint venture to develop the new facilities while EGA intends to buy the facility’s output for 25 years following commissioning, it added.
EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala and Dubal Holding.
The joint venture will install a combined cycle power facility at EGA’s Jebel Ali site capable of generating over 600 megawatts of electricity, ncessary for the company’s aluminium smelting.
The shareholders of the joint venture have signed an agreement with Siemens to install the UAE’s first combined cycle H-class gas turbine, a leading technology in efficient power generation.
“This builds on our investment partnership with Mubadala, following the successful establishment of EGA itself. This project is expected to improve the overall power efficiency at Jebel Ali smelter and I look forward to further improvements in the near future,” said Dubai Holding CEO Abdulnasser Bin Kalban.