Abu Dhabi, UAE – ENGIE’s investments in energy, water desalination and green hydrogen projects in the UAE is around $12 billion (AED44 billion), said Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia at ENGIE.
Claux explained that ENGIE’s investments in the UAE are distributed across several strategic and vital projects, local media reports said.
This includes the development of the Al Ajban Solar PV, water desalination projects, battery storage and green hydrogen production.
Development and operation of the Mirfa 2 Reverse Osmosis Independent Water Project, and the running of six power and water plants in the country are also a part of ENGIE’s investments.
He also affirmed that the company aims to achieve further growth through renewable energy ventures by participating in various solar energy projects under the Emirates Water and Electricity Company (EWEC).
For example, it is involved in the development of Al Ajban Solar PV worth some $1 billion, which produces 1.5 gigawatts (GW) of energy, he added.
He said ENGIE recently won a tender to develop and operate the Mirfa 2 Project, valued at $800 million and with a daily water production capacity of 20 million gallons.
The company also expects to finalize the project’s financial closure in the coming weeks and commence its construction, with operations scheduled to start in 2026, he said.
ENGIE’s involvement in district cooling projects helps reduce carbon emissions, and it owns a stake of around 40 percent in the National Central Cooling Company (Tabreed), Claux went on to explain.
Currently, ENGIE operates six power and water plants in the UAE with total capacities ranging from 1 to 1.5 GW, depending on location.
With the addition of the Mirfa 2 project, the company’s total investments in this sector in the UAE will reach around $7 billion, he said in conclusion.