Financial closure achieved for largest desalination plant in Umm Al Quwain – UAE United Arab Emirates: A consortium consisting of ACWA Power and MDC Power Holding Company LLC, an entity fully owned by Mubadala Investment Company PJSC (Mubadala) along with the Federal Electricity & Water Authority (FEWA) has achieved the financial closure for the 150 MIGD Umm Al Quwain Independent Water Project (IWP) in the United Arab Emirates. The $800 million project is funded on a debt to equity ratio of up to 85/15. A syndicate of seven international and local lenders will provide the $680 million senior debt. Financial closure achieved for largest desalination plant in Umm Al Quwain – UAEHIWI042019-11-17T15:55:40+01:00