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Adnoc & Taqa's Water Sustainability Project | |
| Sumita Pawar |
Abu Dhabi National Oil Company (Adnoc) and Abu Dhabi National Energy Company (Taqa) will jointly invest $2.4 billion in a project to provide sustainable water supply to Adnoc's onshore operations.
The initiative will consist of a centralised seawater treatment facility and transportation network for the Bab and Bu Hasa fields in Abu Dhabi.
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Adnoc Refining plans to complete the first phase of its $600 million waste-heat recovery project by the end of the year.
The strategic project will "reduce our environmental footprint and unlock significant value as we continue to decarbonize and future-proof our operations", said Abdulmunim Al Kindy, Adnoc Upstream executive director.
"The project will enhance our onshore energy efficiency by replacing less-efficient high-salinity, deep aquifer water systems with a centralised seawater treatment facility and transportation network."
The project will be developed under a build, own, operate, and transfer model, with Adnoc and Taqa holding a 51% stake in the project company and Orascom Construction and Metito holding the remaining 49%. The project will be returned to Adnoc after 30 years of operation.
The project will "advance the UAE’s sustainability goals", said Jasim Thabet, Taqa’s group chief executive and managing director.
"As a major utility, Taqa is especially committed to partnerships like this that use our expertise to help drive environmental stewardship while maintaining water security and supporting economic growth."