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Main privately-owned utility agency Utico has signed a Water Buy Settlement (WPA) with the Oman Water and Wastewater Companies Firm (OWWSC) following its success in securing a contract to develop an unbiased desalination venture at Al Ghubra within the Muscat Governorate.
UAE-based Utico, which counts Oman Funding Authority (OIA) as amongst a various portfolio of traders, stated the Al Ghubra venture will provide 20,000 cubic metres/day potable water to OWWSC on the lowest water tariff ever within the Sultanate of Oman.
“The successful of the Al Ghubra desalination venture in Muscat is a milestone for Utico and a transparent proof of the corporate’s skill to realize sustainable returns for its shareholders, along with attaining efficiencies in long-term authorities concessions,” stated Hussain al Lawati, CEO (pictured), International, Utico.
He added that the corporate will deploy progressive, strategic and sustainable manufacturing practices within the growth of the Oman venture in an environment-friendly method with the usage of inexperienced electrical energy.
Utico will develop the Al Ghubra venture at a extremely environment friendly and reasonably priced financial scale with optimum use of renewable power. The corporate stated it is usually aligning with Omani authorities’s long-term technique by supporting Oman’s Imaginative and prescient 2040 by way of investments into diversified base of tasks within the utilities sectors together with IWPs, ISTPs, sustainable IPPs in addition to associated infrastructure tasks.
“Successful the Al Ghubra venture emphasises Utico’s development and growth technique throughout the area and past the UAE. Over time, Utico has been capable of create a distinct segment for itself within the utility sector as a full-spectrum entity with an end-to-end business perspective and providers spanning from manufacturing to transmission and distribution with a customer-centric focus,” added Ali Al Darwish, CEO – Utico.
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