Law No. 20 of 2018 concerning the establishment of UAE Water and Electricity Company “Public Joint Stock Company”. Country/Territory United Arab Emirates Territorial subdivision Abu Dhabi Document type Legislation Date 2018 Source FAO, FAOLEX Subject Energy, Water Keyword Governance Institution Legal proceedings/administrative proceedings Authorization/permit Business/industry/corporations Financing Tax/levy Water supply Geographical area Middle East, Near East and North Africa, Persian Gulf Entry into force notes This Law enters into force on the date of its publication in the Official Gazette. Abstract This legislation, comprising 21 articles, establishes the UAE Water and Electricity Company as a public joint-stock entity with independent legal status, as outlined in Article 2. The company is entrusted with diverse responsibilities, including the purchase, sale, planning, organization, and management of production capacity, water, and electricity supply and demand from licensed entities. Additionally, it functions as the exclusive provider of production capacity within a designated geographical scope, ensuring supply meets anticipated needs, except when the Side Sales System is implemented. The company is also tasked with contracting capacity providers, overseeing associated tenders, finalizing agreements with licensed entities for production and distribution, and developing and holding intellectual property rights related to its operations. It is empowered to undertake various operations and actions to achieve its objectives, both within and outside the State. These include owning, leasing, and mortgaging properties, borrowing funds, contributing to projects for strengthening its position, financing projects for itself and subsidiaries, establishing wholly or jointly owned companies, managing financial matters such as bank accounts, and trading securities. Additionally, the company can establish regulations related to employment, retirement, and bonuses, contribute to non-profit projects, and engage in legal and judicial procedures as deemed necessary by the Board of Directors to fulfill its objectives. Full text English/Arabic Website www.moec.gov.ae