Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE - Etihad Esco, EZW sign deal to cut electricity usage  Join our daily free Newsletter

MENAFN - Khaleej Times - 24/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Khaleej Times) Etihad Energy Service Company (Etihad Esco) and Economic Zones World (EZW) have entered into an agreement, paving the way to identify opportunities for the reduction of water and electricity usage across EZW's commercial, residential and industrial facilities within Jebel Ali Free Zone (Jafza) and other sites in Dubai.

The agreement was made through a memorandum of understanding (MoU) signed by Saeed Mohammed Al Tayer, vice-chairman of the Dubai Supreme Council of Energy (DSCE), managing director and chief executive officer of Dubai Electricity and Water Authority (Dewa), and Chairman of Etihad Esco; and Salma Ali Saif bin Hareb, CEO of Jafza and Economic Zones World, the parent company of Jafza. Under the agreement, Etihad Esco will initiate the first phase of Energy Consumption Reduction Program for EZW including preparatory activities involving due diligence to determine the commercial, technical and regulatory viability of the projects, followed by the second phase to implement and finance the energy efficiency upgrades to the buildings and to monitor the entire performance throughout the duration of the program. The agreement sets precedent in the Middle East region and allows EZW to enhance and sustain its business standing and efficiency of its investor services and operations as one of the leading free trade zones in the world.

"Etihad Esco has a clear vision to make Dubai one of the most sustainable cities in the world and to make Dubai built environment a leading example of energy efficiency for the region and the world" said Al Tayer. "EZW and Jafza have an outstanding record of achievements in the fields of energy and the environment and the strategic partnership with Etihad Esco will further drive collaboration and public-private partnerships that enhance Dubai's leadership and global competitiveness."

Bin Hareb said: "We will continue to work towards the vision of making the UAE a leader in Green Economy, supporting our partners, such as Dewa in achieving globally recognisable goals for Dubai and the UAE."


Khaleej Times

  MENA News Headlines
 Oct 7 2015 - Sursock reborn as Beirut's first interactive museumAFP
(MENAFN - AFP) From nighttime walks around the city to workshops on art conservation, Beirut's grandiose Sursock Museum reopens this week as Lebanon's first interactive museum of contemporary art. ...

 Oct 7 2015 - Saudi tycoon raises stakes in TwitterAFP
(MENAFN - AFP) Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Company announced Wednesday they have increased their stake in Twitter Inc to become the firm's second-largest ...

 Oct 7 2015 - Major Omani firms set to log net earnings drop in 9MMENAFN
(MENAFN) Major Omani firms are predicted to post a drop in their net earnings, however, revenues will grow slightly for the first three quarter of this year compared to a year earlier.Net earnings of ...

 Oct 7 2015 - Four Emirati servicemen killed in suicide bombings in YemenThe Arabian Post
(MENAFN - The Arabian Post) The four Emirati soldiers killed in Yemen on Tuesday have been brought home to full ceremony.The General Command of the Armed Forces announced that the soldiers died in ...

 Oct 7 2015 - International aid to Syrians 'utterly inadequate': OxfamJordan News Agency
(MENAFN - Jordan News Agency) Global efforts to help Syrians both inside and outside their war-torn country have proved "utterly inadequate", international aid group Oxfam Wednesday said in a newly ...

 Oct 7 2015 - Israeli forces arrest 40 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation forces on Wednesday arrested 40 Palestinians from various parts of the occupied West Bank including Jerusalem, according to a statement by the ...

 Oct 7 2015 - Jeddah's hotel revenues report weak results in AugustMENAFN
(MENAFN) Four and five star hotels in Dubai reported weakening performance levels in August, with revenue per available room (RevPAR) declining 10.1 percent to USD147.45 for the month. Due to a ...

 Oct 7 2015 - Jewish settlers storm Al Aqsa MosqueJordan News Agency
(MENAFN - Jordan News Agency) Groups of Jewish settlers continued to storm Al Aqsa Mosque on Wednesday via Bab Al Magharbeh Gate under the protection of Israeli army and police.The Islamic Awqaf ...

 Oct 7 2015 - Canada rejects assaulting Muslim women wearing niqabJordan News Agency
(MENAFN - Jordan News Agency) Canada's Prime Minister Stephen Harper Wednesday stressed that his government rejected the latest attacks on Muslim women in Canada because of wearing the niqab.The ...

 Oct 7 2015 - Two Palestinians injured by Israeli forces in BethlehemJordan News Agency
(MENAFN - Jordan News Agency) A Palestinian young man on Wednesday, was injured during violent clashes with Israeli occupation forces and settlers east of the West Bank city of Bethlehem.The ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help