Abu Dhabi – Mubasher: The Emirate of Abu Dhabi’s government has merged Abu Dhabi Water & Electricity Authority (Adwea) with the Department of Energy, according to an official statement released on Sunday.

The Regulation & Supervision Bureau (RSB), which oversees water, wastewater, and electricity in the UAE’s capital and biggest sheikhdom, will be merged too into the energy department.

The oil-rich emirate has seen mega-mergers during the last period including the consolidation between International Petroleum Investment Company (IPIC) and Mubadala Development Company (Mubadala), and the amalgamation of National Bank of Abu Dhabi (NBAD) and First Gulf Bank.

“All of Adewa’s assets, rights, and obligations will be transferred to the Energy Department, which will be responsible for strategic plans for the entire energy sector in Abu Dhabi,” Reuters reported.

Adewa acquires 74.1% of Abu Dhabi National Energy Company (TAQA), along with 10 power and water desalination plants.