GDF Suez signs partnership with ADWEC

Dubai

French multinational GDF SUEZ has signed a 25-year Power and Water Purchase Agreement (PWPA) with the Abu Dhabi Water and Electricity Company (ADWEC) for the Mirfa Independent Water and Power (IWPP) project.

ADWEC will hold 80 per cent of the project while GDF SUEZ will hold the remaining 20 per cent.

The Mirfa project, which will involve the acquisition of certain existing water and power facilities, is Abu Dhabi’s tenth facility to be build under the Public-Private Partnership model.