TAQA, an Abu Dhabi-listed utilities company, has finalised the acquisition of all outstanding shares of Sustainable Water Solutions Holding (SWS Holding) Company for AED 1.7 billion.
SWS Holding is the parent company of Abu Dhabi Sustainable Water Solutions Company, the sole entity responsible for wastewater collection and treatment as well as production of recycled water in the Emirate of Abu Dhabi.
Eng. Ahmed Al Shamsi, SWS Holding’s Chief Executive Officer and Managing Director, said that the TAQA acquisition will “strengthen” its position to ensure responsible water use and reuse, support the circular economy and “promote smart growth” in the UAE and abroad.
“As stewards of sustainable water management, we are a reliable low-carbon water champion and look forward to bringing even more integrated and innovative solutions powered by cutting-edge technology and operational excellence to lead water transformation to our customers,” Al Shamsi said.
ADSWS has a network of approximately 13,000 km of sewer pipelines and a water treatment capacity of approximately 1.3 million cubic metres per day from 43 plants, with a regulated asset value of approximately AED 17.5 billion.
“By bringing the treated water business into TAQA, alongside our other water activities of production and transmission & distribution, we will be able to optimise the way we produce, use and reuse water,” said Jasim Husain Thabet, TAQA’s Group Chief Executive Officer and Managing Director.
“As a company we can now offer an even broader range of utility solutions while we continue to grow here in the UAE and internationally. Adding SWS Holding to our portfolio strongly aligns with our net zero strategy, helping to ensure water security in the UAE while minimising related greenhouse gas emissions through effective wastewater treatment and reuse,” he added.