Abu Dhabi Future Energy Company PJSC, Masdar has announced the divestment of its stake in the Sharjah Waste-to-Energy plant, pending customary closing conditions, to Tadweer Group.
The strategic move will see Tadweer join BEEAH as a joint venture partner in Emirates Waste-to-Energy, which owns and operates the facility.
The transition allows Masdar to concentrate on scaling its clean energy portfolio, while Tadweer sharpens its focus on local and global waste management ventures.
Tadweer and BEEAH will now combine forces to manage and expand the Sharjah Waste-to-Energy plant, including plans to double its power generation from 30 MW to 60 MW and significantly boost waste processing capacity.
Inaugurated in 2022, the plant is the Middle East’s first commercial-scale waste-to-energy facility and plays a central role in the UAE’s strategy to divert waste from landfills and generate low-carbon electricity.
The agreement reinforces all partners’ commitment to sustainability, with continued collaboration expected on initiatives that support the UAE’s clean energy goals and broader climate agenda.
Mohamed Jameel Al Ramahi, chief executive officer of Masdar, said, “We are proud of the impact this project has had within the UAE, and we extend our sincere thanks to BEEAH for their valued partnership since the inception of our Emirates Waste-to-Energy joint venture. As we transfer our stake, we are confident that Tadweer and BEEAH will continue to advance the project with strong leadership and a clear strategic vision.”
Ali Al Dhaheri, managing director and chief executive officer of Tadweer Group, said, “Acquiring this high-performing asset will further enhance Tadweer Group’s capabilities and support the UAE’s ambition to become a global leader in sustainable waste management and energy conversion. We look forward to working with BEEAH to build on the strong foundations it has laid working alongside Masdar.”
Khaled Al Huraimel, group CEO of BEEAH Group, said, “We thank Masdar for having partnered with us in the Emirates Waste-to-Energy joint venture and their support on the Sharjah Waste-to-Energy Plant, our inaugural, groundbreaking project. We look forward to further building on these accomplishments alongside Tadweer Group as a joint venture partner, marking a new chapter of growth and waste-to-energy innovation for the nation and the region.”
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Tadweer acquires Masdar’s stake in Sharjah waste-to-energy plant
Tadweer and BEEAH will now combine forces. (Image source: Tadweer)
