Logo ofAcwa
Acwa signed a 30-year water purchase agreement with Dubai Electricity and Water Authority (DEWA) for the Hassyan Seawater Reverse Osmosis (SWRO) independent water project in Dubai, the company said in a statement to Tadawul on Wednesday. 
The agreement is valued at $478 million (SAR 1.794 billion) and covers the development, financing, construction, and operation of the plant.
The project, located in the Hassyan Complex, will have a daily desalination capacity of about 272,000 cubic meters. Acwa holds a 40% stake in the project.
The financial impact is expected to begin in 2030, following the completion of the project. The agreement involves no related parties, the company said.
Logo ofAcwa
Acwa signed a 30-year water purchase agreement with Dubai Electricity and Water Authority (DEWA) for the Hassyan Seawater Reverse Osmosis (SWRO) independent water project in Dubai, the company said in a statement to Tadawul on Wednesday.
The agreement is valued at $478 million (SAR 1.794 billion) and covers the development, financing, construction, and operation of the plant.
The project, located in the Hassyan Complex, will have a daily desalination capacity of about 272,000 cubic meters. Acwa holds a 40% stake in the project.
The financial impact is expected to begin in 2030, following the completion of the project. The agreement involves no related parties, the company said.
