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Dewa Outlines $478 Million Desalination Project with Acwa Power

MT Newswires·10/29/2026 11:47:35
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11:47 AM EDT, 10/29/2026 (MT Newswires) -- Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, confirmed its $478 million Hassyan seawater desalination project in the Arabian Gulf with Acwa Power (SASE:2082). The United Arab Emirates-based electric and water services company owns a 60% stake in the project, while the Saudi Arabian utility owns the remaining 40%, according to a Thursday filing. The 30-year joint venture aims to deliver a desalination capacity of 272,000 cubic meters per day, with the commercial operation date scheduled for October 2029.