EGA, TAQA, DUBAL Holding and EWEC Sign Landmark Agreements to Decarbonise Aluminium Production in Abu Dhabi

Emirates Global Aluminium (EGA), Abu Dhabi National Energy Company PJSC (TAQA), DUBAL Holding, and Emirates Water and Electricity Company (EWEC) have signed a series of strategic agreements aimed at decarbonising aluminium production and accelerating renewable and clean energy development in Abu Dhabi.

The agreements support TAQA and DUBAL Holding’s growth strategies, position EGA as a global leader in the aluminium industry’s transition to net zero by 2050, and advance EWEC’s optimisation of solar power generation while improving the efficiency of power generation across the Emirate.

The agreements were signed by Farid Al Awlaqi, CEO of TAQA’s Generation business; Abdulnasser Bin Kalban, CEO of EGA; Ahmad Hamad Bin Fahad, CEO of DUBAL Holding; and Ahmed Ali Alshamsi, CEO of EWEC, in the presence of senior government and industry leaders, including Dr. Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy.

As part of the transaction, TAQA and DUBAL Holding will acquire EGA’s power and water generation assets at Al Taweelah for USD 1.9 billion (approximately AED 7 billion). The Al Taweelah facility has a generation capacity of 3.1 GW, making it the third-largest power plant in Abu Dhabi, and includes 6.25 million imperial gallons per day of desalination capacity. The assets will be held under a joint venture equally owned by TAQA and DUBAL Holding, with operations managed by a new joint operations and maintenance company owned by TAQA and EGA.

The TAQA–DUBAL Holding joint venture has also signed a Power Purchase Agreement (PPA) with EWEC, under which EWEC will procure power from the Al Taweelah plant until 2049, providing flexible power to support increased integration of renewable and clean energy into the Abu Dhabi grid.

In parallel, TAQA Transmission will acquire EGA’s electricity transmission assets and is expanding interconnection capacity from 640 MVA to 3,360 MVA, enabling greater access to clean energy from the grid. The project is expected to be completed by 2027.

EGA has also signed Abu Dhabi’s largest-ever electricity supply agreements with EWEC and TAQA Distribution, securing 23 TWh of electricity annually for 24 years. These agreements will make EGA the largest single electricity customer on the Abu Dhabi grid, with an increasing share of power sourced from renewable and clean energy as EWEC’s solar projects come online.

EWEC forecasts that more than 18 GW of solar PV capacity will be operational by 2035, contributing to a projected 50 per cent reduction in energy sector CO₂ emissions by the mid-2030s. The initiative is expected to reduce 3.5 million tonnes of greenhouse gas emissions annually by 2035, representing more than three per cent of Abu Dhabi’s current total emissions.

EGA plans to significantly increase production of its CelestiAL solar aluminium and MinimAL low-carbon aluminium, with these products expected to account for nearly half of EGA’s total primary aluminium output by 2028, subject to market demand. Production is set to scale up from the fourth quarter of 2025.

The transaction remains subject to regulatory approvals and customary closing conditions and is expected to be completed in the new year.