EWEC
Emirates Water and Electricity Company (EWEC) is the government-owned sole procurer and supplier of water and electricity in Abu Dhabi, managing 17.9 GW across 28 plants and operating the Clean Energy Certificates market for verified clean energy consumption.
- Company typePrivate
- Founded2018
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount251–500
- GTM typeB2B
- OfferingServices
What EWEC does
Emirates Water and Electricity Company (EWEC) is a government-owned utility incorporated in Abu Dhabi in November 2018 as the successor to Abu Dhabi Water and Electricity Company (ADWEC). EWEC operates under a statutory mandate as the sole procurer and supplier of water and electricity in the Emirate of Abu Dhabi, with responsibility extending to other Emirates. It sits within ADQ, one of Abu Dhabi's largest holding companies, and is regulated by the Abu Dhabi Department of Energy under the UAE Energy Strategy 2050 framework. The company fulfils its mandate through short-term and long-term balancing of bulk supply and demand, established via long-term water and electricity purchase agreements with independent production companies and bulk supply tariff sales agreements with distribution companies and authorities.
EWEC procures from a portfolio of 28 plants (17 current and 11 in the near future) with 17.9 GW of generation capacity, spanning solar PV (including Al Dhafra Solar PV at 1.5 GW and Noor Abu Dhabi at ~1,177 MW — the world's largest single-site solar plants), the Barakah Nuclear Energy Plant (the first nuclear plant in the Arab World), reverse osmosis desalination (Taweelah RO at 909,200 m³/day, the world's largest RO facility, plus Mirfa 2 RO at 546,000 m³/day under construction), combined cycle gas turbines, the UAE Wind Programme (the country's first utility-scale wind programme), and a planned Waste-to-Energy plant with Tadweer. EWEC also acts as Single Registrant and Scheme Operator for Abu Dhabi's Clean Energy Certificates (CECs) market — the only accredited mechanism in the Emirate for organisations to verify clean energy consumption and reduce Scope 2 emissions under the I-REC Standard. Operations are underpinned by the Energy Exemplar platform for advanced energy modelling and forecasting, which has delivered record Energy Management System accuracy in the MENA region.
Revenue derives principally from regulated bulk supply tariffs on water and electricity sold to distribution companies and authorities across Abu Dhabi and other Emirates, with a secondary transaction-fee stream from quarterly CEC auctions run on a Pay-as-Bid clearing mechanism. CEC buyers span healthcare, hospitality, retail, real estate, industrial, events, and sports sectors, including Aldar, Al-Futtaim IKEA, Mediclinic Middle East, Burjeel Holdings, Andaz Capital Gate Abu Dhabi, ADNEC Group, EGA, ADNOC, and the UAE Pro League. EWEC's strategic positioning is anchored in delivering the UAE Energy Strategy 2050 targets — 50% clean energy by 2050, 70% carbon footprint reduction, and Net Zero by 2050 — supported by a US$870.75 million Green Bond for Al Dhafra Solar PV and partnerships with TAQA, Masdar, ENGIE, EDF Renewables, and Tadweer.
EWEC firmographics
Firmographics- Name
- EWEC
- Legal name
- Emirates Water and Electricity Company
- Website
- https://ewec.ae
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Emirates Water and Electricity Company (EWEC) is the government-owned sole procurer and supplier of water and electricity in Abu Dhabi, managing 17.9 GW across 28 plants and operating the Clean Energy Certificates market for verified clean energy consumption.
- Ownership category
- akta.pro rank
Where EWEC is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
EWEC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Bulk Supply Tariffs: EWEC establishes bulk supply tariff sales agreements with distribution companies for water and electricity supply across Abu Dhabi and other Emirates.
- Clean Energy Certificates: EWEC operates the CEC market as Single Registrant and Scheme Operator, enabling organisations to certify clean energy consumption. Each certificate represents 1 MWh of renewable or clean energy, with auctions conducted quarterly using a competitive 'Pay as Bid' clearing mechanism.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Clean Energy Certificates are available for solar, nuclear and wind energy sources |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
EWEC product offering
Product offeringCore offering
EWEC is the sole procurer and supplier of water and electricity in the Emirate of Abu Dhabi. The company procures water and electricity from independent producers under long-term purchase agreements and supplies them via bulk supply tariff agreements to licensed distribution companies and authorities across the UAE. It coordinates integrated planning, purchasing, and supply to meet Abu Dhabi's current and future water and electricity demand.
Product overview
EWEC (Emirates Water and Electricity Company) is the sole procuring and supplying entity for water and electricity in Abu Dhabi and beyond, operating under ADQ. EWEC does not operate as a single unified software product but rather as a critical national infrastructure utility managing a portfolio of power and water generation assets alongside digital service offerings. Its core product/service is the integrated planning, purchasing, and supply of water and electricity, underpinned by Clean Energy Certificates (CECs) — an accredited mechanism enabling organisations to verify clean energy consumption and reduce Scope 2 emissions. EWEC's power generation portfolio includes utility-scale solar (Noor Abu Dhabi at ~1,177 MW, Al Dhafra Solar PV at 1.5 GW), the Barakah Nuclear Energy Plant (the Arab World's first), and conventional gas-fired plants. Its water production portfolio centres on low-carbon-intensive reverse osmosis (RO) desalination — including the world's largest Taweelah RO plant (909,200 m³/day) and Mirfa 2 RO (546,000 m³/day). Digital platforms include the eProcurement Portal (powered by Jaggaer) for supplier sourcing and Energy Exemplar for advanced energy modelling and forecasting. Planned projects include Zarraf Solar PV (1.5 GW), Future RO (273,000 m³/day), and a Waste-to-Energy plant (900,000 tonnes/year processing capacity).
Differentiator
Problem solved
Functional benefit
Products and services
- Bulk Water and Electricity Supply
Quantifiable outcome
- Over 80% of total power demand met using renewable and clean energy sources
- +4 more outcomes
Companies that use EWEC
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
EWEC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature3 records
EWEC partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core, flagship and minor.
- Mediclinic Middle EastcoreEWEC and Mediclinic Middle East renewed their Clean Energy Partnership for the fourth consecutive year, advancing carbon emission reductions for the healthcare sector.
- Andaz Capital Gate Abu DhabiflagshipStrategic partnership where EWEC supplies Clean Energy Certificates to fully cover the hotel's electricity consumption, providing verified proof that every unit of power consumed is sourced from clean sources. This enables the hotel to eliminate Scope 2 emissions and integrate verifiable sustainability into daily operations.
- MasdarflagshipEWEC and Masdar forged a strategic framework to rapidly scale renewable energy and drive national decarbonisation goals. Masdar is a key developer partner for multiple solar projects including Al Dhafra Solar PV and Khazna Solar PV.
- Al-Futtaim IKEAcoreClean Energy Partnership to power Al-Futtaim IKEA stores with renewable energy, supporting the retailer's sustainability goals.
- Emirates Nature-WWFcoreEWEC partnered with Emirates Nature-WWF to scale up conservation impact in the UAE and reinforce Abu Dhabi's leadership in protecting ecosystems, enhancing biodiversity, and strengthening climate resilience. This landmark collaboration was announced on Earth Day 2025.
- Burjeel HoldingscorePivotal partnership to accelerate carbon neutrality in the healthcare sector through Clean Energy Certificates.
- ADNOC GascoreLong-term strategic partnership to support UAE's energy transformation through flexible gas supply arrangements.
- TAQA (Abu Dhabi National Energy Company)coreTAQA and EWEC completed a US$870.75 million Green Bond for Al Dhafra Solar Plant. TAQA is a key partner in multiple projects including Fujairah F3 (2.4 GW CCGT plant) and Al Dhafra Power Plant (1 GW).
- ADNEC GroupcoreStrategic partnership to power ADNEC Centre Abu Dhabi with clean energy using Clean Energy Certificates.
- EDF RenewablescoreEDF Renewables partnered with Korea Western Power Co (KOWEPO) and Masdar for the Al Ajban Solar PV project. EDF announced financial close of the 1.5 GW project in Abu Dhabi.
- dmg eventscoreClean Energy Partnership for World Utilities Congress 2024, supporting sustainability in the events sector.
- Tadweer GroupcoreCollaboration for the Waste-to-Energy Independent Power Project near Al Dhafra landfill. The WtE plant will have 900,000 tonnes waste processing capacity per year and generate 1.1 million tonnes CO2 emissions reduction per year once operational.
- EGA (Emirates Global Aluminium)coreAgreements signed to decarbonise aluminium production and expand renewable and clean energy development in Abu Dhabi. EGA purchases Clean Energy Certificates for 1.1 million MWh of electricity to support CelestiAL solar aluminium production.
- UAE Pro LeagueminorLandmark partnership to enhance sustainability in football, powering UAE Pro League operations with clean energy.
- World Environmental Education CongressminorClean Energy Partnership for 2024 World Environmental Education Congress.
- Rabdan AcademyminorCollaboration on scientific and academic skill development and knowledge exchange with Rabdan Academy.
- Aldar PropertiescoreAgreement to adopt Clean Energy across all Aldar assets, powering the real estate developer's portfolio with verified clean energy.
- NYU Abu Dhabi Water Research CenterminorPartnership to advance water management research and sustainability initiatives.
- ADNOCflagshipLandmark clean energy partnership between ADNOC and EWEC launched by Sheikh Khaled bin Mohamed bin Zayed, supporting the UAE's energy transition objectives.
- ENGIEcoreENGIE holds 40% ownership in Mirfa 2 Reverse Osmosis project (60% owned by TAQA). The M2 RO plant will desalinate seawater using RO to supply up to 546,000 cubic metres per day.
Scale indicators9 records
Recent moves8 records
Expansion highlights5 records
EWEC competitors and assessment
Company assessmentDirect peers
- Dubai Electricity and Water Authority (DEWA): DEWA is the sole procurer and supplier of water and electricity in the neighbouring Emirate of Dubai. It operates the same integrated utility model - procurement, generation portfolio management (including solar PV at Mohammed bin Rashid Al Maktoum Solar Park), and desalination - making it the most direct functional peer to EWEC.
- Oman Power and Water Procurement Company (OPWP): OPWP is the single buyer of electricity and water in the Sultanate of Oman under a similar procurement-and-despatch mandate. It procures from IPPs and IWPPs through long-term PPAs, mirrors EWEC's structure closely, and offers the cleanest functional peer comparison outside the UAE.
- KAHRAMAA (Qatar General Electricity and Water Corporation): KAHRAMAA is the sole procurer, transmitter, and distributor of electricity and water in the State of Qatar. It combines generation procurement with grid operation under a single government mandate, making it a near-identical structural peer to EWEC.
Broad incumbents
- Saudi Electricity Company (SEC): SEC is the vertically integrated national utility of Saudi Arabia, providing generation, transmission, and distribution. While much larger in scale and not a single-jurisdiction procurer, it operates the same core utility business model and is widely used as a comparable for Gulf utility valuations.
Emerging players
- ACWA Power: ACWA Power is the leading GCC-based IPP/IWPP developer and operator, holding equity stakes in large-scale solar, gas, and desalination projects that are procured by single buyers like EWEC, OPWP, KAHRAMAA, and SEC. It is the most relevant upstream counterparty peer and a frequent partner to EWEC on solar and RO tenders.
- Masdar: Masdar is Abu Dhabi's flagship renewable energy developer and a key strategic partner to EWEC, co-developing Al Dhafra Solar PV and other projects. It represents the upstream developer peer that turns EWEC's procurement tenders into operational renewable assets.
- TAQA (Abu Dhabi National Energy Company): TAQA is both a strategic partner to EWEC on multiple generation projects (Fujairah F3, Al Dhafra Power Plant, Mirfa 2 RO) and a peer utility operator. The dual role makes TAQA the closest comparison for an integrated Gulf utility that simultaneously invests in and supplies through EWEC's procurement system.
Regional players
- Sharjah Electricity, Water and Gas Authority (SEWA): SEWA is the sole utility provider for the Emirate of Sharjah, operating the same single-buyer integrated utility model for electricity, water, and gas. It is a smaller-scope regional peer serving a neighbouring emirate with a similar mandate structure.
- Federal Electricity and Water Authority (FEWA): FEWA supplies electricity and water to the Northern Emirates of the UAE under a federal utility mandate. It is a direct functional peer operating under a similar single-buyer utility model in an adjacent UAE geography, and is a former employer of EWEC's CEO.
Others
- EDF Renewables: EDF Renewables is a strategic partner to EWEC on the 1.5 GW Al Ajban Solar PV project and a leading global IPP developer. It is included as a representative peer of the upstream IPP developer counterparty ecosystem that builds and operates the assets EWEC procures.
Market position
Strengths5 records
Weaknesses2 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
EWEC social profiles
Digital presenceEWEC financial estimates
Financial estimateRevenue estimate
Valuation estimate
EWEC leadership team
Management profileNumber of profiles
Profiles4 records
EWEC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EWEC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EWEC
What does EWEC do?
EWEC is the sole procurer and supplier of water and electricity in the Emirate of Abu Dhabi. The company procures water and electricity from independent producers under long-term purchase agreements and supplies them via bulk supply tariff agreements to licensed distribution companies and authorities across the UAE. It coordinates integrated planning, purchasing, and supply to meet Abu Dhabi's current and future water and electricity demand.
Is EWEC a public or private company?
EWEC is a private company. It is classified as state government owned and is currently operating.
When was EWEC founded?
EWEC was founded in 2018. It employs 251 to 500 people.
Where is EWEC based?
EWEC is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
How does EWEC make money?
Two revenue lines are on record. Bulk Supply Tariffs are the primary driver. The others are clean Energy Certificates.
Who are EWEC's main competitors?
Direct peers on record are Dubai Electricity and Water Authority (DEWA), Oman Power and Water Procurement Company (OPWP) and KAHRAMAA (Qatar General Electricity and Water Corporation). Saudi Electricity Company (SEC) is listed as a broad incumbent. Emerging players are ACWA Power, Masdar and TAQA (Abu Dhabi National Energy Company). Regional players are Sharjah Electricity, Water and Gas Authority (SEWA) and Federal Electricity and Water Authority (FEWA). EDF Renewables is listed as an others.
Does EWEC have an API?
No public API is recorded for EWEC.