Federal Electricity and Water Authority (FEWA) was transferred to the ownership of the UAE’s sovereign wealth fund, the Emirates Investment Authority, where it will now be known as “Etihad Water and Electricity (EWE)”
The water and electricity utility for the northern emirates of the UAE has completed a corporatisation move aimed at increasing efficiency and smoothing external relations.
On 7th February, the body previously known as the Federal Electricity and Water Authority (FEWA) was transferred to the ownership of the UAE’s sovereign wealth fund, the Emirates Investment Authority, where it will now be known as Etihad Water and Electricity (EWE).
EWE will serve around 3 million people living in the UAE outside the emirates of Abu Dhabi and Dubai.
FEWA was established in 1999. FEWA catered the electricity and water needs of the citizens and residents of the Northern Emirates in the UAE which includes Ajman, Ras Al Khaimah, Umm Al Quwain, Fujairah & Dhaid.
This authority is tasked with balancing the cost of production and distribution, studying consumption behavior and raising awareness about the waste of electricity and water.
ETIHAD WE was established in 2020 under the Federal Decree-Law No. (31) of 2020 to carry out the duties assigned to The Federal Electricity & Water Authority at that time. It is wholly owned by the “Emirates Investment Authority” and is mandated to meet the needs of the northern emirates of electricity and desalinated water. Etihad WE seek to become a global leader and achieve the highest levels of excellence in the field of services it provides, achieve sustainability, reduce waste in natural resources, launch institutional initiatives aimed at supporting economic sustainability and preserving the environment, in addition to fulfill its social responsibilities.