Abu Dhabi Power Corporation, a state-owned entity with a mandate to generate value through active asset management of key utilities’ investments in Abu Dhabi, entered into a strategic partnership with Mubadala Investment Company and Abu Dhabi Future Energy Company (‘Masdar’); a subsidiary of ‘Mubadala’, during a signing ceremony held at Abu Dhabi Sustainability Week 2019.
The strategic partnership supports the UAE’s efforts to grow the power and water sector, while supporting Abu Dhabi’s long-term sustainable development objectives. Mubadala’s contribution as an experienced investor in utilities illustrates its support to the future development of power and water generation in Abu Dhabi.
The partnership follows the directives of H.H Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs and Chairman of the Supreme Committee for Abu Dhabi’s Water and Electricity Sector, which held its meeting recently at the Presidential Palace in Abu Dhabi. Read more