UAE's Mubadala, EGA & Dubal Holding to develop water & power plant in Dubai | Reuters:
Emirates Global Aluminium (EGA), Mubadala Investment Co and Dubal Holding on Tuesday announced plans to develop a power and water desalination plant at EGA’s smelter in Jebel Ali in Dubai.
The 25-year agreement is worth more than 1 billion dirhams ($272.5 million), the companies said in a joint statement.
The joint venture will install a combined cycle power facility at EGA’s Jebel Ali site capable of generating over 600 megawatts of electricity.
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