Adnoc and Abu Dhabi National Energy Company (Taqa), announced the signing of a 27-year utilities purchase agreement to supply critical utilities to the Ta’ziz Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.

The duration of the agreement includes the offtake of the utilities and construction of the plant.

Under the agreement Adnoc and Taqa will jointly develop the central utilities project, including the electricity grid connection, steam production, process cooling, and a range of water and wastewater utilities required to enable Ta’ziz’s chemicals and transition-fuels projects. 

Ta’ziz, a joint venture between Adnoc and ADQ, will set up and own a service management company, who will be the sole offtaker of the utilities, providing a stable foundation for efficient industrial activity within the Ta’ziz Industrial Chemicals Zone.

Farid Al Awlaqi, Chief Executive Officer, Taqa’s Generation business, said: "This agreement strengthens Taqa’s role in enabling industrial growth in the UAE by providing reliable and efficient utility infrastructure to service Ta’ziz chemicals and transition-fuels production. Through this long-term partnership with Adnoc, we are supporting the diversification of Abu Dhabi’s economy and investing in strategic and sustainable infrastructure that will contribute to GDP growth. Adnoc and Taqa both have a proven track record in the energy sector and together are developing a world-class facility in Ruwais."

Mashal Al-Kindi, Chief Executive Officer of Ta’ziz, said: “This multi year agreement with Taqa is a pivotal step in advancing Ta’ziz’s long term vision, driving sustainable growth and strengthening the UAE’s industrial base. Reliable and efficient utilities remain central to our value proposition, providing industry leaders with the stable infrastructure essential for world scale chemicals and transition fuels manufacturing.” -TradeArabia News Service