DEWA and ACWA Sign Agreements for Second Phase of Hassyan Desalination Project
Reuters reports that DEWA and ACWA have signed water purchase and shareholder agreements for the second phase of the Hassyan desalination plant in the UAE.
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what happened
Dubai Electricity and Water Authority (DEWA) and ACWA have signed water purchase and shareholder agreements for the second phase of the Hassyan desalination project, Reuters reported. The project company will handle development, financing, construction and operation of the plant. DEWA will hold a 60% stake in it and ACWA a 40% stake. The water purchase agreement runs for 30 years, and the second phase will have a capacity of roughly 60 MIGD (million imperial gallons per day).
why it matters
For markets, this is a long-term infrastructure contract with a fixed 30-year term and risk shared between DEWA and ACWA. Deals of this kind interest investors in Middle East water and power infrastructure, though they rarely produce quick price effects.
market impact
UAE power and water sector: a long-term desalination contract strengthens ACWA Power's infrastructure pipeline.
tags
instruments
on polymarket
sources
- DEWA And Acwa Sign Water Purchase, Shareholder Agreements For 2nd Phase Of Hassyan Desalination Project — Reuters, 6 November 2026 at 05:03 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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