Etihad ESCO signs service agreement with ENOC Group

Etihad Energy Services Company, Etihad ESCO, a wholly-owned subsidiary of the Dubai Electricity and Water Authority, DEWA, has signed a service agreement with ENOC Group to retrofit ENOC service stations with improved air conditioning and lighting with automation and install solar photovoltaic, PV, systems.

The agreement was signed by Saeed Mohammed Al Tayer, Chairman of Etihad ESCO and MD & CEO of DEWA, and Saif Humaid Al Falasi, Group CEO of ENOC.

Under this agreement, Etihad ESCO will improve energy efficiency at the ENOC service station, and upon successful completion, it will be rolled out to other stations. The entire project is expected to aid ENOC in cutting down its energy consumption by more than 36 percent for the next seven years.

"The MoU supports the vision of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make Dubai a global model of clean energy and green economy, as well as the UAE Vision 2021 and the Dubai Plan 2021 to support sustainable development in the UAE. The project also supports the Dubai Clean Energy Strategy 2050 to establish Dubai as a global hub for clean energy and energy management efficiency. We will work on providing sustainable solutions and installing solar PV systems to aid ENOC petrol stations in cutting down more than 36 percent of its energy consumption in the next seven years. The higher efficiencies resulting from the retrofitting of existing buildings and establishments support the objectives of the Demand Side Management Strategy 2030, to reduce electricity and water demand by 30 percent by 2030," said Al Tayer.

"Initiatives aimed at promoting sustainability have always been ENOC's priority. Our goal is to support implementing the UAE Green Growth Strategy. Our new partnership with Etihad ESCO will further accelerate our journey towards the achievement of our sustainability goals while also underscoring the increasing significance of such initiatives in promoting sustainable development in the future," said Al Falasi.

Ali Al Jassim, CEO of Etihad ESCO, said, "More and more enterprises in the region are investing in innovative energy-efficient solutions involving retrofitting to significantly reduce operating costs and improve sustainable performance."

Etihad ESCO aims to make Dubai one of the most sustainable cities in the world by helping to achieve the Demand Side Management Strategy, set by the Dubai Supreme Council of Energy, DSCE, creating an energy performance contracting, ESCO, market in Dubai, through plans to retrofit 30,000 buildings to make them energy efficient, and support local and international ESCOs to grow and thrive.