Utico
Utico is a company that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
Utico, Chinese firm partner for breakthrough JV to extract industrial chemicals from brine waste
First-of-its-kind bromine industry project in the GCC to be set up in Ras Al Khaimah at an investment of AED 160 million. Project part of channel investment programme under the China-UAE bilateral cooperation in the Belt & Road Initiative (BRI).
Utico makes offer for Hyflux assets with Creditors and PnP recovery
Utico has made an offer for Hyflux assets and PnP recovery which Borelli Walsh (BW) is considering as part of creditor agreement. In a statement, the Middle Eastern utility major said that it was still engaged with the information provided and the current status of assets which included offtaker, lender and co-shareholder defaults. Malakoff from Malaysia, Al […]
Utico, Siemens sign MOU for Hassyan IWP Project
Strategic agreement involves design and supply of electrical and automation for Hassyan IWP with final phase 2 capacity of 1,100,000m3/day.
Utico announces AED 3 billion primary listing in 2021
Region’s largest Full service utilities leader will float its shares in Dubai.
Utico achieves 2.98m3/KWH for a large SWRO in the Middle East
Utico stated that it has started its new 22MIGD SWRO as part of the 44MIGD development, with the first unit going operational. The overall power consumption with allocations was exciting since it was achieved at 44000mg/l. TDS, and with permeate water quality of less than 300ppm. This achievement was recorded and observed consistently for over 500 hours […]
Hyflux to arrange virtual Townhall for P&P
Hyflux today delayed the P&P virtual Townhall to give Pison time to make an offer to P&P working with SIAS. However SIAS issued a letter to Hyflux on 7th October that there are no offers to P&P other than Utico. Utico also issued a letter asking Hyflux as Obligor to arrange the virtual Townhall and […]
Utico agrees to extend Hyflux restructuring deadline
Utico improves RA offer & keeps recovery to senior creditors intact, P&P to benefit further, Oman, Algeria shareholders to get relief.
Utico continues to support consumers during COVID-19 times
Utico sets up a program to defer 100% bills of those who lost their jobs and seeking new jobs in the country.
Utico clarifies about advisors fees and Hyflux assets
States S$50m pot is linked to scheme timing and to Hyflux asset value.