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Emirates Water and Electricity Company

Growth Score40DXBi Rank138Heat Score100

Emirates Water and Electricity Company PJSC (EWEC)

Sole procurer and supplier of water and electricity for Abu Dhabi, driving the emirate's clean energy transition.

Founded 2018Government-ownedEWEC Building, 603 Saeed Bin Ahmed Al Otaiba Street, Al Danah, Abu Dhabi, UAE, Abu Dhabiewec.ae
Prospect profileutilitiesrenewable energysolar powerdesalinationpower procurementAbu Dhabi
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Overview

EWEC is the sole procurer and offtaker of bulk water and electricity for the Emirate of Abu Dhabi, responsible for long-term demand planning, power and water purchase agreements with independent power/water producers, and system dispatch balancing across the emirate. Formed in November 2018 as successor to the Abu Dhabi Water and Electricity Company (ADWEC), it operates under ADQ, one of Abu Dhabi's major holding companies. EWEC procures from a portfolio of roughly 22 generation/desalination plants (including Al Dhafra Solar PV, Noor Abu Dhabi, Taweelah RO desalination, and the Barakah Nuclear Energy Plant) and is driving large-scale renewable and gas capacity additions, including the 2.6GW Taweelah C combined-cycle gas project and multi-gigawatt solar-plus-storage projects with Masdar, toward UAE net-zero and clean-energy targets.
40

Growth Score

Steady

100

Heat Score

Trending up

Details

Operating Status
Active
Company Type
Government-owned
Headquarters
EWEC Building, 603 Saeed Bin Ahmed Al Otaiba Street, Al Danah, Abu Dhabi, UAE
Founded
2018
Website
ewec.ae

Products & Services

Al Shuweihat Power and Water Complex

Operating power generation and desalination complex

Umm Al Nar Power and Water Complex

Operating power generation and desalination complex

Al Taweelah Power and Desalination Complex

Operating power generation and desalination complex

Mirfa Power and Desalination Facility

Operating power generation and desalination plant

Barakah Nuclear Energy Plant

Nuclear power generation supplying EWEC's procured electricity

Noor Abu Dhabi Solar PV (935 MW)

Operating utility-scale solar power plant

Al Dhafra Solar PV (1,584 MW)

Operating utility-scale solar power plant, refinanced in Jan 2026 with $870.75m in green bonds

Taweelah Reverse Osmosis Desalination Plant

Operating large-scale reverse-osmosis desalination facility

UAE Wind Programme

Wind power generation initiative

Fujairah Water and Electricity Generation Complex

Operating power and water generation complex

M2 Reverse Osmosis Independent Water Project

Under-construction desalination IWP

Abu Dhabi Waste-to-Energy Plant

Under-construction waste-to-energy power facility with Tadweer

Al Zarraf Solar PV IPP (1,500 MW)

Planned utility-scale solar IPP in Al Dhafra

Khazna Solar PV IPP (1.5 GW)

Planned utility-scale solar IPP procured by EWEC, developed by Masdar/ENGIE

Taweelah C IPP (2.6 GW CCGT)

Planned combined-cycle gas power plant with future carbon-capture readiness

Clean Energy Certificates (CECs)

Certificate program allowing businesses to procure and claim clean energy attributes

People

Technology

No technology or web presence data on file yet.

Financials

Funding rounds

Projects

Contract AwardAnnounced

ADNOC Gas–EWEC $10bn Gas Sales & Purchase Agreement

ADNOC Gas Facilities LLC and EWEC signed a 10-year flexible natural gas sales and purchase agreement worth approximately $10 billion to underpin decarbonisation of the UAE's water and electricity supply.

$10.0B

Jan 21, 2025

Project LaunchAnnounced

Al Zarraf Solar PV IPP (1.5 GW) Joint Development Agreement

EDF Power Solutions and Korea Western Power Co. (KOWEPO) signed a Joint Development Agreement with EWEC for the 1.5 GW Al Zarraf Solar PV Independent Power Producer project in Al Dhafra, Abu Dhabi — EWEC's fifth utility-scale solar project, expected to power ~160,000 homes and cut ~2.4 million tonnes of CO2 annually.

Jun 3, 2025

Contract AwardAnnounced

Abu Dhabi Waste-to-Energy Plant Concession Award

EWEC and Tadweer Group awarded a concession agreement for Abu Dhabi's first, and one of the world's largest, waste-to-energy facilities to a consortium including Marubeni, ALEC Engineering & Contracting, Butec and Hitachi Zosen Inova; EWEC will procure the electricity produced over a 30-year term.

Apr 2, 2024

Contract AwardAnnounced

Taweelah C IPP (2.6 GW CCGT) Partner Award

EWEC announced the award of the Taweelah C Independent Power Producer project, a 2.6 GW Combined Cycle Gas Turbine plant using Siemens Energy H-class turbines and designed to enable future carbon capture, to a consortium of TAQA, Sembcorp Industries and Aljomaih Energy and Water Company; EWEC will procure electricity under a PPA through 2050, with commercial operation expected in 2029.

Jun 3, 2026

PartnershipAnnounced

EWEC–Masdar Collaboration Framework Agreement (30 GW solar / 8 GW storage)

EWEC signed a Collaboration Framework Agreement with Masdar to jointly accelerate development of more than 30 GW of solar PV and over 8 GW of battery energy storage capacity across the UAE, supporting Abu Dhabi's Clean Energy Strategy 2035 and UAE Net Zero 2050.

May 6, 2026

Project LaunchCompleted

Khazna Solar PV (1.5 GW) Financial Close & 30-year PPA

Masdar and ENGIE reached financial close on the 1.5 GW (AC) Khazna Solar PV project between Abu Dhabi and Al Ain, backed by a 30-year Power Purchase Agreement with EWEC signed after the project's October 2025 award; commercial operations expected 2028.

Jan 19, 2026

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