White & Case Advises Emirates Water and Electricity Company on US$870 Million Water Plant Project
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Global law firm White & Case LLP has advised Emirates Water and Electricity Company (EWEC) on the US$870 million, 200 MIGD Taweelah reverse osmosis (RO) independent water plant project in Abu Dhabi, United Arab Emirates.
"This deal showcases the leading role White & Case continues to play in the power and water sector in the UAE," said partner Michael Watson, who co-led the Firm’s deal team. "This is a landmark project and we have now advised EWEC and its predecessor entities on 12 of its 13 power/water projects in Abu Dhabi and Fujairah."
The new Taweelah RO project will be located in Abu Dhabi’s Al Taweelah power and water desalination complex and is expected to be completed by 2022. With the capacity of more than 900,000 cubic meters of water per day, the plant is expected to be 44 percent larger than the world’s current largest RO plant. It will also be one of the most cost- and energy-efficient RO facilities in the world due to the inclusion of approximately 50 megawatts of photovoltaic solar panels to offset electricity consumption.
A partnership of Abu Dhabi Power Corporation and Mubadala Investment Company holds a 60 per cent equity interest in the Taweelah project, with the remaining 40 per cent held by ACWA Power.
The White & Case team in Abu Dhabi which advised on the transaction was led by partners Michael Watson and Yasser Riad, and included partner Alexander Malahias and associates Habeeb Rahman, Jennifer Riddle and Khawla Alatiyat.
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