Etihad water and Electricity is owned by the Emirates Investment Authority to meet the needs of the northern emirates for electricity and desalinated water. Ethiad WE has recently awarded PWC & Coda V-Line jointly for the conditional assessment of the Fixed Asset Registry project to improve its asset operation by efficiently managing its capital assets.
Project Outline
Etihad WE have a total of 600,000 plus assets that need verification. Coda V-Line will proceed with the project by managing the mentioned assets for maintenance purposes, to preserve and extend the value, and enrich the assets.
“Etihad WE have gone through many stages of development and it continues to develop, especially in the infrastructure of water and electricity to ensure efficiency and to meet the needs of all regions by it in line with the UAE‘s strategy in this field. It also seeks to be the leading entity locally, regionally, and globally,” says the Chairman of Etihad WE
In this project, PWC & Coda V-Line’s involvement will be addressing and inspecting the financial inventory and procurement records of the assets of Etihad Water and Electricity, doing a full analysis, and inspecting the areas where the assets can be improved. It will also ensure the condition of the existing assets by providing the needed assessments and inputs from Coda V-Line’s side.
“In order to show a profit, it’s important to count the assets.” The project will guarantee the conditional assessment of Etihad WE’s fixed assets by delivering complete transparency, checking for regulatory standards, calculating deprecation, and thereby assuring the remaining life of its assets.
