The UAE-based Utico signed a Water Purchase Agreement (WPA) with the Oman Water and Wastewater Services Company (OWWSC) following the winning of a contract to develop an independent desalination project in Ghubra in the Muscat Governorate.
In a statement, Utico said the Ghubra project will supply 20,000 M3/d potable water to OWWSC at the lowest water tariff ever in Oman.
Hussain Allawati, CEO of Utico Global, said: “The winning of the Ghubra desalination project in Muscat is a milestone for the company and a clear evidence of the company’s ability to achieve sustainable returns for its shareholders, in addition to achieving efficiencies in long-term government concessions.”
He added that with this new contract, Utico continues to expand its investments and operations across the region. The service utility has an innovative approach and integrated model that includes all elements in the value-chain in sustainable water generation and supply.
As part of the contract, the company will deploy innovative, strategic, and sustainable production practices in the development of the Oman project in an environment-friendly manner with the use of green electricity.
Utico said the Ghubra project will supply 20,000 M3/d potable water to OWWSC at the lowest water tariff ever in Oman
The company will deploy innovative, strategic and sustainable production practices in the development of the Oman project in an environment-friendly manner with the use of green electricity.
Utico will develop the Ghubra project at a highly efficient and affordable economic scale with optimal use of renewable energy. The company said it is also aligning with Oman government long-term strategy by supporting Oman's 2040 vision through investments into diversified base of projects in the utilities sectors including IWPs, ISTPs, sustainable IPPs as well as related infrastructure projects.
The statement said Utico’s aim is to add value to the Omani water sector in a sustainable manner, in turn leading to knowledge transfer and contributing to the Sultanate’s social and economic progress.
“Winning the Ghubra project emphasize Utico’s growth and expansion strategy across the region and beyond the UAE. Over the years, Utico has been able to create a niche for itself in the utility sector as a full-spectrum entity with an end-to-end industry perspective and services spanning from production to transmission and distribution with a customer-centric focus,” said Mr. Ali Al Darwish, CEO Utico , Utico.
The company has constantly proven its ability to innovate and maintain its unique business model despite global economic fluctuations, supporting and enabling its customers and partners to adopt and expand sustainability practices across the region.