TAQA and DUBAL Hold Aluminium Power Deal

Abu Dhabi’s major energy players have agreed a US$1.9 billion transaction that hands over the power and water generation facilities of Emirates Global Aluminium at Al Taweelah to a joint venture between Abu Dhabi National Energy Company PJSC and DUBAL Holding LLC. The assets include a 3.1 gigawatt combined-cycle gas-fired plant and a desalination facility with 6.25 million imperial gallons per day capacity. Operational control will rest with a new maintenance company jointly owned by TAQA and EGA.

Under the agreement, the TAQA-DUBAL Holding joint venture has signed a Power Purchase Agreement with Emirates Water and Electricity Company that locks in supply from the Al Taweelah plant until 2049. This deal enables the power plant to supply firm and flexible electricity, facilitating integration of renewable energy into Abu Dhabi’s grid and improving overall power-system stability.

As part of the broader restructuring, TAQA Transmission will take over EGA’s electricity transmission assets. A substantial grid-interconnection upgrade is underway to raise capacity to 3,360 MVA from the previous 640 MVA. Completion is expected in 2027, enabling enhanced delivery of clean energy from the grid to EGA’s smelters.

EGA has pledged to ramp up production of low-carbon aluminium under its brand labels CelestiAL and MinimAL. The company aims to have these sustainable products account for up to half of its total primary aluminium output by the end of 2028, depending on market demand. Initial shipments of MinimAL began in August 2025, and CelestiAL output is already rising this quarter.

EGA’s reorientation reflects ambitions to decarbonise aluminium production and strengthen the appeal of its “premium aluminium” in global markets increasingly focused on sustainability. By signing what has been described as one of the largest decarbonisation deals in the global aluminium industry, the parties signal a shift away from captive fossil-fuelled power towards clean, grid-based electricity supply.

TAQA’s acquisition expands its generation portfolio and aligns with its 2030 goal to reach 150 GW of installed capacity globally, while DUBAL Holding deepens its commitment to sustainable industrial growth in Abu Dhabi. EWEC stands to accelerate deployment of solar and nuclear electricity infrastructure supported in part by this arrangement.