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
 Apr 25 2015 - Dubai's Damac Q1 net profit down 38 percentMENAFN
(MENAFN) Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit, despite surging revenue, because of the effect of a big one-off gain a year ago, Emirates 24/7 reported.The ...

 Apr 25 2015 - Saudi Cable signs USD170.7m debt restructure dealMENAFN
(MENAFN) Saudi Cable Company said in a statement that it has signed a deal with three of its main lenders to restructure USD170.7 million of debt, Arab News reported.The debt will be restructured ...

 Apr 25 2015 - Saudi petrochemical firms combined profit down in Q1MENAFN
(MENAFN) Saudi Arabia's first-quarter corporate earnings were generally weaker than expected, a sign that foreign investors should be cautious as the stock market opens up to them this year, Arab ...

 Apr 25 2015 - EU migrant rescue ships head for LibyaThe Peninsula
(MENAFN - The Peninsula) British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last ...

 Apr 25 2015 - Qatar- Al Rayyan thrash Al Markhiya as Emir Cup kicks off in styleThe Peninsula
(MENAFN - The Peninsula) Football giants Al Rayyan yesterday celebrated their ascent to Qatar Stars League (QSL) by crushing Markhiya 5-0 in their opening Emir Cup clash.Al Rayyan were demoted to the ...

 Apr 25 2015 - Qatar- 'Desert King' Al Attiyah is unstoppable on home soilThe Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spain's Marc Coma and Poland's Rafal Sonik each confirmed their third victories at the Sealine Cross-Country Rally in four years in the car, ...

 Apr 25 2015 - Qatar- Al Attiyah wins Sealine RallyThe Peninsula
(MENAFN - The Peninsula) Dakar Rally champion Nasser Saleh Al Attiyah yesterday said healthy time lead on the first three days set up his title win at this week's Sealine Cross-Country Rally. The ...

 Apr 25 2015 - Qatar- Stafford Sri Lankan School Doha celebrates New YearThe Peninsula
(MENAFN - The Peninsula) Stafford Sri Lankan School Doha celebrated the Sinhala and Hindu New Year recently by organising many traditional dances, games and competitions. The celebration, which ...

 Apr 25 2015 - Qatar- North Indians' Association celebrates BaisakhiThe Peninsula
(MENAFN - The Peninsula) North Indians' Association celebrated the harvest festival Baisakhi recently at Al Ghazal hall. Nearly 200 members joined the cultural programme organised by the association ...

 Apr 25 2015 - Qatar- Visa trading is illegal and punishableThe Peninsula
(MENAFN - The Peninsula) Qatari law sets strict punishment for visa traders with aim of preventing trade of illegal visas because every single illegal work visa adds an unemployed worker. If he/she ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

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

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

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