Mubadala, Dubal, EGA to sign AED1bn JV deal

ABU DHABI / WAM

Emirates Global Aluminium (EGA), Mubadala and Dubal Holding will sign an agreement worth over AED1 billion to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai.
The new facilities will improve efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consum- ption. Mubadala and Dubal Holding will establish a joint venture to develop the new facilities. EGA intends to buy the facility’s output for 25 years following its commissioning.
The joint venture will install a combined cycle power facility at EGA’s Jebel Ali site capable of generating over 600MW of electricity. The shareholders of 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.
Saeed Mohammed Al Tayer, Vice Chairman, Dubal Holding and Vice Chairman of EGA, said, “Our project includes a combined cycle power facility and a reverse osmosis water desalination plant that support objectives of UAE Vision 2021 and UAE Centennial 2071.”