Masdar is on a mission to advance the clean energy industry in Abu Dhabi and around the world, and it is a catalyst for the economic diversification of the emirate. The Mubadala Development Company, which is owned by the Abu Dhabi government, established Masdar as a wholly owned subsidiary in 2006. Masdar is guided by The Abu Dhabi Economic Vision 2030, a programme that drives new sources of income for the emirate and strengthens its knowledge-based economic sectors. Masdar takes a holistic approach to its organisation, with four business units that are interconnected and a research arm that complements their work. The business units are Masdar Clean Energy, Masdar Special Projects and Masdar City. Masdar Institute, an independent, research-driven graduate university, rounds out the organisation. With each unit focused on a key component of the value chain, Masdar operates with the broad scope needed to meet the most pressing sustainability challenges of tomorrow. This keeps Masdar at the global forefront of the clean energy industry as we pursue pioneering and commercially viable technologies and systems.
The Abu Dhabi Water and Electricity Authority is a national organization wholly owned by the Abu Dhabi Government, maintaining a separate legal entity, as well as complete financial and administrative independence. ADWEA has been incorporated by virtue of law No. 2 issued in March 1998 to replace the former Water & Electricity Department. ADWEA is responsible for implementing government policy regarding the water and electricity sector in the Emirate, including privatization of the sector. The Abu Dhabi Water and Electricity Authority supplies electricity and potable water to a population of more than 1.97 million in the Emirate of Abu Dhabi, over an area of 67,340 sq. km