A consortium has achieved the financial closure for the largest desalination project in Umm Al Quwain.

The group consisting of ACWA Power and MDC Power Holding Company, along with the Federal Electricity & Water Authority (FEWA) has funds in place for the 150 million imperial gallons per day (MIGD) Umm Al Quwain independent water project.

The $800 million project is mainly funded by a syndicate of seven international and local lenders who will provide $680 million senior debt.