EWEC

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.

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

Headquarters

HQ city

Abu Dhabi

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Bulk Supply Tariffs: EWEC establishes bulk supply tariff sales agreements with distribution companies for water and electricity supply across Abu Dhabi and other Emirates.
2. 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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core 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

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature3 records

Partnerships

20 partnerships are on record, tiered core, flagship and minor.

• Mediclinic Middle EastcoreGTM or Marketing Partner · 27 July 2026EWEC 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 DhabiflagshipGTM or Marketing Partner · 23 July 2026Strategic 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.
• MasdarflagshipStrategic or Co-development Partner · 5 May 2026EWEC 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 IKEAcoreGTM or Marketing Partner · 8 May 2025Clean Energy Partnership to power Al-Futtaim IKEA stores with renewable energy, supporting the retailer's sustainability goals.
• Emirates Nature-WWFcoreStrategic or Co-development Partner · 22 April 2025EWEC 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 HoldingscoreGTM or Marketing Partner · 4 March 2025Pivotal partnership to accelerate carbon neutrality in the healthcare sector through Clean Energy Certificates.
• ADNOC GascoreStrategic or Co-development Partner · 21 January 2025Long-term strategic partnership to support UAE's energy transformation through flexible gas supply arrangements.
• TAQA (Abu Dhabi National Energy Company)coreStrategic or Co-development Partner · 16 January 2025TAQA 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 GroupcoreGTM or Marketing Partner · 25 October 2024Strategic partnership to power ADNEC Centre Abu Dhabi with clean energy using Clean Energy Certificates.
• EDF RenewablescoreStrategic or Co-development Partner · 17 September 2024EDF 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 eventscoreGTM or Marketing Partner · 9 September 2024Clean Energy Partnership for World Utilities Congress 2024, supporting sustainability in the events sector.
• Tadweer GroupcoreStrategic or Co-development Partner · 28 March 2024Collaboration 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)coreStrategic or Co-development Partner · 3 December 2023Agreements 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 LeagueminorGTM or Marketing Partner · 27 October 2023Landmark partnership to enhance sustainability in football, powering UAE Pro League operations with clean energy.
• World Environmental Education CongressminorGTM or Marketing Partner · 10 February 2023Clean Energy Partnership for 2024 World Environmental Education Congress.
• Rabdan AcademyminorStrategic or Co-development Partner · 9 September 2022Collaboration on scientific and academic skill development and knowledge exchange with Rabdan Academy.
• Aldar PropertiescoreGTM or Marketing Partner · 18 January 2022Agreement to adopt Clean Energy across all Aldar assets, powering the real estate developer's portfolio with verified clean energy.
• NYU Abu Dhabi Water Research CenterminorStrategic or Co-development Partner · 21 December 2021Partnership to advance water management research and sustainability initiatives.
• ADNOCflagshipStrategic or Co-development Partner · 27 October 2021Landmark clean energy partnership between ADNOC and EWEC launched by Sheikh Khaled bin Mohamed bin Zayed, supporting the UAE's energy transition objectives.
• ENGIEcoreStrategic or Co-development Partner · 1 June 2021ENGIE 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

Direct 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

• Xx.com/EWEC_AE
• LinkedInlinkedin.com/company/ewecae
• Instagraminstagram.com/ewec.ae

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EWEC