MoU on federal energy services market

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and CEO of Dewa, and Dr. Matar Hamed Al Neyadi, Undersecretary for the UAE Ministry of Energy, have signed a MoU to exchange expertise on developing a federal energy services market in the UAE.

The MoU also covers energy conservation in buildings, especially government headquarters, and explores the potential for launching projects in energy conservation.

The signing ceremony was also attended by Fatima Al Foora Al Shamsi, Assistant Undersecretary for Electricity, Clean Energy and Desalinated Water Affairs at the Ministry of Energy, Waleed Salman, Executive Vice President of Strategy and Business Development at Dewa, Stephan Le Gentil, CEO of Etihad ESCO and Mohammed Motawa, Head of Conservation Policies at the Ministry.

"We work on enhancing public and private sector partnerships by conducting energy efficiency projects that will boost opportunities to optimise the use of energy," added Al Tayer.

"Through these MoUs with national companies and local organisations, we aim to partner up with private sector and highlight the effective role of all the local parties specialised in the energy sector in the country, including Dewa, to achieve the National Agenda 2021 goals, which the ministry is following up on its implementation with relevant parties," said Dr. Al Neyadi.

Dr. Al Neyadi pointed out that signing this MoU with Etihad Energy Service Company will aid in opening up new markets for energy services leading to developing an energy services market that defines and develops opportunities for energy efficiency improvement and rationalisation of energy consumption.

"We are excited to cooperate with the UAE Ministry of Energy to develop new opportunities in energy sustainability. The fact that the region is still an emerging market in the energy efficiency field, holds great potential for Dubai to be a pioneering sustainable city.

Companies today realise the significance of adopting efficient solutions, which rationalise energy consumption and take into consideration the financial impact resulting from retrofitting existing facilities. Etihad will play a pivotal role in creating efficient, high quality and environmentally-friendly opportunities in the region," said Le Gentil.

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