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

MENAFN - Khaleej Times - 24/12/2013

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(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."


 






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