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Oman signs $10 billion deals for green hydrogen projects

Hydrogen Oman (Hydrom), an Energy Development Oman subsidiary, has signed major agreements with international consortium to develop two green hydrogen projects in Al Wusta. The two agreements represent a total investment value of $10 billion, Zawya reported, citing the Oman News Agency. The total estimated production of the two projects will be 250,000 metric tonnes of […]

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Veolia secures $324 million EPC contract for Abu Dhabi’s Mirfa 2 project

Veolia‘s subsidiary, SIDEM, is leading a consortium that has secured an engineering, procurement and construction (EPC) contract for the Mirfa 2 desalination project in Abu Dhabi. The deal, commissioned by TAQA and ENGIE, is worth nearly $324 million in revenue for Veolia, according to a press statement from the company. The construction of the state-of-the-art […]

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ENGIE, TAQA achieve $620 million financial close for massive UAE desalination project

UAE’s TAQA, EWEC, alongside France’s ENGIE, have announced the successful financial closing of the AED 2.3 billion ($620 million) low carbon Mirfa 2 Reverse Osmosis (M2 RO) desalination project. The project is primarily funded (78%) through debt financing from both local and international banks, including Abu Dhabi Islamic Bank (ADIB), BNP Paribas Fortis SA/NV, Sumitomo […]

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ENGIE expects financial close on $800 million water project soon

International water and power developer ENGIE expects to achieve financial close for the Mirfa 2 seawater desalination project in the coming weeks, a senior company executive has revealed. 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 […]