© Reuters. The logo of the Abu Dhabi National Oil Company (ADNOC) in a photo from the Reuters archive.
(Reuters) – Abu Dhabi National Energy Company (TAQA): * ADNOC and TAQA announce the completion of the financial closing process for a sustainable water supply project. * Energy: The sustainable seawater treatment plant and transportation network will enhance energy efficiency by up to 30 percent in ADNOC’s onshore operations. * Energy: Redirecting more than 60 percent of the total value of the project to the UAE economy. * A consortium composed of Orascom Construction (EGX:) and Metito will build a central seawater treatment facility and a transmission and distribution network. * ADNOC and TAQA jointly own a majority stake of 51 percent (25.5 percent each), and the consortium owns the remaining 49 percent in the project company. * A group of nine local and international banks will finance the project.
(Prepared by Salma Najm for the Arabic Bulletin – Edited by Doaa Muhammad)
2023-09-25 05:22:00
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