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ACWA Power Company announces that it has received a notification from the Project Company stating that it has received the Project Commercial Operation Certificate for the Taweelah RO Desalination Company from the Emirates Water and Electricity Company (EWEC)
2082
ACWA POWER
9.70
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1445/09/03 13/03/2024 09:13:03
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA Power Company announces that it has received on the 12th of March 2024 a notice from Taweelah RO Desalination Company located in Abu Dhabi, United Arab Emirates stating that it has been granted the Project Commercial Operation Certificate from the Emirates Water & Electricity Company (EWEC) for the remaining 75,920 m3/day, this comes in addition to Group 1 that started commercial operation on 9 June 2022 with 454,609 m3/day capacity of desalinated water and Group 2 that started the commercial operation on 25 April 2023 with 378,689 m3/day capacity of desalinated water. With this, the project has now achieved full commercial operation with total capacity of 909,218 m3/day. ACWA Power owns a 40% stake in the project company. The financial impact is expected to be reflected from Q2 2024 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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