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

CEO Middle East - - NEWS -

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.

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