DUBAI, UAE, 12 April 2022: UAE-based private water and power company, Utico signed a Water Purchase Agreement (WPA) with the Oman Water and Wastewater Services Company (OWWSC) following the winning of a contract to develop an independent desalination project in Ghubra in the Muscat Governorate.
Making the announcement through a Press release, Utico said the Ghubra project will supply 20,000 M3/d potable water to OWWSC at the lowest water tariff ever in Oman.
“The winning of the Ghubra desalination project in Muscat is a milestone for Utico and a clear evidence of the company’s ability to achieve sustainable returns for its shareholders, in addition to achieving efficiencies in long-term government concessions,” said Hussain Allawati, CEO, Global, Utico.
He said the Ghubra desalination project also pointed to the UAE-based company’s appetite to expand its investments and operations across the region, which has been made possible thanks to Utico’s innovative approach and integrated model that includes all elements in the value-chain in sustainable water generation and supply.
Utico said it will deploy innovative, strategic and sustainable production practices in the development of the Oman project in an environmentally friendly manner with the use of green electricity.
Utico said it will develop the Ghubra project at a highly efficient and affordable economic scale with optimal use of renewable energy. The company said it is also aligning with the Oman government’s long-term strategy by supporting Oman’s 2040 vision through investments into diversified base of projects in the utilities sectors, including IWPs, ISTPs, sustainable IPPs and related infrastructure projects.
Utico said its aim is to add value to the Omani water sector in a sustainable manner, in turn leading to knowledge transfer and contributing to the Sultanate’s social and economic progress.
Ali Al Darwish, CEO Utico, Utico, said: “Winning the Ghubra project emphasizes Utico’s growth and expansion strategy across the region and beyond the UAE. Over the years, Utico has been able to create a niche for itself in the utility sector as a full-spectrum entity with an end-to-end industry perspective and services spanning from production to transmission and distribution with a customer-centric focus.”