Emirates Global Aluminium (EGA), Mubadala and Dubal Holding are to sign an agreement to develop a state-of-the-art power block and a water desalination plant at EGA’s smelter at Jebel Ali in Dubai.
The new facilities will improve the efficiency of power for EGA’s aluminium smelting, reducing environmental emissions and natural gas consumption.
Mubadala and Dubal Holding are to establish a joint venture to develop the new facilities. EGA intends to buy the facility’s output for 25 years following commissioning.
EGA is the largest industrial company in the UAE outside oil and gas, and is jointly owned by Mubadala and Dubal Holding.
The joint venture will install a combined cycle power facility at EGA’s Jebel Ali site capable of generating over 600 megawatts of electricity.
The shareholders of the joint venture have signed an agreement with Siemens to install the UAE’s first combined cycle H-class gas turbine, a leading technology in efficient power generation.
A signing ceremony for the project (pictured) was witnessed by His Excellency Eng. Suhail Mohamed Faraj Al Mazrouei, UAE Minister of Energy and Industry, Khaldoon Khalifa Al Mubarak, Chief Executive Officer and Managing Director of Mubadala Investment Company and Chairman of EGA, His Excellency Saeed Mohammed Al Tayer, Vice Chairman, Dubal Holding and Vice Chairman of EGA, and Joe Kaeser, President and Chief Executive Officer of Siemens AG.