Abu Dhabi-listed utilities company TAQA has finalized the acquisition of Sustainable Water Solutions Holding Company (SWS Holding) for AED 1.7 billion ($463 million). SWS Holding is the parent firm of Abu Dhabi Sustainable Water Solutions Company (ADSWS), which manages wastewater collection and recycled water production in Abu Dhabi. The acquisition includes a network of 13,000 km of sewer pipelines and facilities with a daily water treatment capacity of 1.3 million cubic meters. SWS Holding recently signed a consortium agreement to develop Uzbekistan’s largest wastewater treatment plant, showcasing its international growth ambitions. TAQA aims to leverage this acquisition to optimize its water-related operations and align with its net-zero goals.
Utilities, Environmental Services,Abu Dhabi, UAE, Uzbekistan
https://www.zawya.com/en/business/energy/taqa-completes-sws-holding-acquisition-j3cavydq