• Contact
  • Magazines Archive
Business Today Middle East
  • News
  • Business
    • Markets
      • Money
      • Tech News
      • Healthcare
      • Opinion
    • Appointments
  • Real Estate
  • Technology
  • Energy
  • Hospitality
    • Hotel
    • Catering
  • Lifestyle
    • Fashion
    • Sports
    • Cars
    • Travel
  • Design
  • Interviews
  • Regional Roundup
No Result
View All Result
Business Today Middle East
  • News
  • Business
    • Markets
      • Money
      • Tech News
      • Healthcare
      • Opinion
    • Appointments
  • Real Estate
  • Technology
  • Energy
  • Hospitality
    • Hotel
    • Catering
  • Lifestyle
    • Fashion
    • Sports
    • Cars
    • Travel
  • Design
  • Interviews
  • Regional Roundup
No Result
View All Result
Business Today Middle East
No Result
View All Result
Home Energy

Etihad ESCO and DEWA sign AED 37 Million Energy Savings Performance Contracts

Staff writer by Staff writer
January 14, 2015
in Energy, Featured
0
Etihad ESCO and DEWA sign AED 37 Million Energy Savings Performance Contracts

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA

74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA

Dubai Electricity and Water Authority (DEWA) and Etihad Energy Service Company (Etihad ESCO), announced today the signing of two comprehensive Energy Savings Performance Contracts (ESPC) at a combined value of AED 37 million to improve and enhance overall energy efficiency of the lighting infrastructure of the power plants at Jebel Ali, Al Awir, and 7 DEWA-owned buildings including its headquarter.

As part of the guaranteed savings project, Etihad ESCO conducted a technical energy audit on DEWA facilities, which identified significant energy efficiency improvement measures as well as related capital improvement measures that will support sustainability and overall energy efficiency. This project will serve as a showcase for the energy performance contracting market at the level of Dubai and the region.

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and MD and CEO of DEWA expressed his satisfaction with the award of the projects and stated that this initiative is in line with the Green Economy for Sustainable Development national initiative and the directives of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to make the UAE a world leader in green economy. It also support the Dubai Integrated Energy Strategy to reduce energy consumption by 30 per cent and carbon emissions by over 5 million tonnes by 2030.

“DEWA is proud to lead by example by implementing energy efficiency through the innovative energy performance contracting model which is new for the region. The partnership with Etihad ESCO will further drive public-private partnerships that support the vision of making Dubai a leading example of energy efficiency for the region and the world,” said Al Tayer.

One of the projects consists of a comprehensive lighting upgrade with high-efficiency LED technology within DEWA’s power stations in Jebel Ali and Al-Awir.

The contract guarantees a 68 percent electricity savings for 6 years with a payback of 3.5 years. The second project focuses on energy efficiency and water conservation in 7 DEWA-owned buildings, including the improvements of the building control systems, chiller plant facilities, air conditioning equipment, and water systems. It will improve comfort and productivity for customers and staff with the contract guaranteeing an overall savings in electricity and water use of 31 percent for 6 years with an overall payback of 6 years. Both projects will measurably reduce carbon dioxide (CO2) emissions, which are projected to decline by 8,531 metric tonnes each year, equivalent to removing 1,796 cars from the road each year.

In line with Etihad ESCO’s vision of enabling a performance contracting market in Dubai, Etihad ESCO is partnering with Philips Lighting on the lighting project and MAF Dalkia Middle East on the building project. Construction on both projects is scheduled to be completed in December 2015. Comprehensive long-term maintenance, repair and replacement of the installed components are also funded through guaranteed energy savings to ensure the installed improvements remain in good working order over the respective contract duration.

“This comprehensive project helps DEWA to enhance its operational efficiency and lower the carbon footprint of its facilities which adds to its already outstanding record of achievements in energy conservation and sustainability. Etihad ESCO is proud of its partnership with DEWA as it will showcase how energy performance contracting can enable energy efficiency, a far more effective way of conserving energy resources than traditional energy conservation efforts that may be limited in savings,” said Stephane le Gentil, CEO of Etihad ESCO.

Source : WAM News Agency for United Arab Emirates

You might also like

Emirates Islamic Facilitates $500 Million Structured Funding Deal with Mass Group Holding

Chalhoub Group Teams Up with Yellow Door Energy in Saudi Arabia

Mubadala Energy COO: Natural Gas Accounts for 70% of Portfolio Output

Tags: contractsDEWAEnergyEtihad ESCOperformanceSavingsSign
Share30Tweet19
Staff writer

Staff writer

Recommended For You

Emirates Islamic Facilitates $500 Million Structured Funding Deal with Mass Group Holding

by Reeba Asghar
January 6, 2026
0
Mohammad Kamran Wajid, Deputy Chief Executive Officer of Emirates Islamic and Ahmed Ismael Saleh, Chairman of Mass Group Holding

Emirates Islamic has completed a USD 500 million structured funding arrangement

Read moreDetails

Chalhoub Group Teams Up with Yellow Door Energy in Saudi Arabia

by Reeba Asghar
January 5, 2026
0
From left to right: Mohammad Traboulsi, Siraj Sagga, Khaled Chebaro, Mohammed Al-Dabbagh, Omar Zaouiri, Moutasim Jamjoom, Dany Kassabian

Chalhoub Group is accelerating its sustainability initiatives in Saudi Arabia by collaborating with Yellow Door Energy to bring solar power to its Riyadh fulfilment hub

Read moreDetails

Mubadala Energy COO: Natural Gas Accounts for 70% of Portfolio Output

by Staff writer
December 31, 2025
0
Mubadala Energy COO: Natural Gas Accounts for 70% of Portfolio Output

Natural gas accounts for about 70 percent of Mubadala Energy’s production portfolio, the company’s Chief Operating Officer Adnan Bu Fateem said, describing 2025 as a "pivotal" year for...

Read moreDetails

Power-to-Prompt: How Saudi Arabia is Turning Energy into Global AI Dominance

by Staff writer
December 30, 2025
0
Power-to-Prompt: How Saudi Arabia is Turning Energy into Global AI Dominance

As 2025 comes to a close, a new economic term has taken over the boardrooms of Riyadh and Silicon Valley: "Power-to-Prompt." This strategy marks Saudi Arabia’s transition from...

Read moreDetails

Gulf Oil Producers in 2026: Navigating a Shifting Global Energy Landscape

by Staff writer
December 29, 2025
0
Gulf Oil Producers in 2026: Navigating a Shifting Global Energy Landscape

The year 2026 is poised to be a pivotal period for Gulf oil-producing nations. As global energy markets undergo significant transformations, countries like Saudi Arabia, the UAE, Kuwait,...

Read moreDetails
Next Post
Vice Chairman of the Dubai Supreme Council of Energy addresses Gas Arabia Summit 2015

Vice Chairman of the Dubai Supreme Council of Energy addresses Gas Arabia Summit 2015

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

The Milky Way: Meet the founder of Koita Foods

November 13, 2020
Dubai Companies Forge Stronger Ties with US Market

Dubai Strengthens Global Trade Links With the US Through The Dubai Business Forum – USA

November 14, 2025
Oracle Introduces Oracle Health Sciences Data Management Workbench to Aggregate, Reconcile and Transform Disparate Sources of Clinical Trial Data

Oracle Introduces Oracle Health Sciences Data Management Workbench to Aggregate, Reconcile and Transform Disparate Sources of Clinical Trial Data

June 23, 2014

Browse by Category

  • 1Win Brasil
  • 1WIN Official In Russia
  • 1xbet Russian
  • Analysis
  • Appointments
  • Architecture
  • Arts & Lifestyle
  • Bags
  • blockchain
  • Breaking News
  • Business
  • BusinessToday
  • BusinessToday Magazines
  • Cars
  • casino
  • Catering
  • Commercial Vehicles
  • Commercial Vehicles
  • Conferences/Summit
  • Construction
  • Construction Business News
  • Deals
  • Decor Review
  • Design
  • Design ME
  • Education
  • Energy
  • Entertainment
  • Events
  • Events
  • Events
  • Expert Insight
  • Fashion
  • Featured
  • Features
  • Fintech
  • Fit Out
  • Food & Drinks
  • GM Leaders Conference
  • Government
  • Healthcare
  • Hospitality
  • Hotel
  • Hotels
  • Infrastructure
  • Interviews
  • Interviews & Features
  • Jewellery
  • Leaders in Hospitality Awards
  • Logistics News
  • Logistics News ME
  • Machinery
  • Magazines
  • Markets
  • Media
  • Money
  • Movie Reviews
  • Multimedia
  • Music
  • News
  • On Site
  • OP-ED
  • Opinion
  • Opinion
  • Photos
  • Pick of The Month
  • Politics & Economics
  • Power 60 2020
  • Projects
  • Projects
  • Property
  • Real Estate
  • Real Estate
  • Regional Roundup
  • Restaurants/Cafés
  • Retail
  • Reviews
  • Small Business
  • Sports
  • Supplier Focus
  • Suppliers
  • Suppliers
  • sustainability
  • Tech News
  • Telecom
  • Tips & Tricks
  • Transport
  • Transport
  • Travel
  • Travel & Hospitality
  • Travel & Tourism
  • Uncategorized
  • Videos
  • Watches
BusinessToday

Building #10, Dubai Media City
PO Box 502511, Dubai, United Arab Emirates

+971 4 420 0506

sales@bncpublishing.net
Jo@bncpublishing.net

CATEGORIES

  • 1Win Brasil
  • 1WIN Official In Russia
  • 1xbet Russian
  • Analysis
  • Appointments
  • Architecture
  • Arts & Lifestyle
  • Bags
  • blockchain
  • Breaking News
  • Business
  • BusinessToday
  • BusinessToday Magazines
  • Cars
  • casino
  • Catering
  • Commercial Vehicles
  • Commercial Vehicles
  • Conferences/Summit
  • Construction
  • Construction Business News
  • Deals
  • Decor Review
  • Design
  • Design ME
  • Education
  • Energy
  • Entertainment
  • Events
  • Events
  • Events
  • Expert Insight
  • Fashion
  • Featured
  • Features
  • Fintech
  • Fit Out
  • Food & Drinks
  • GM Leaders Conference
  • Government
  • Healthcare
  • Hospitality
  • Hotel
  • Hotels
  • Infrastructure
  • Interviews
  • Interviews & Features
  • Jewellery
  • Leaders in Hospitality Awards
  • Logistics News
  • Logistics News ME
  • Machinery
  • Magazines
  • Markets
  • Media
  • Money
  • Movie Reviews
  • Multimedia
  • Music
  • News
  • On Site
  • OP-ED
  • Opinion
  • Opinion
  • Photos
  • Pick of The Month
  • Politics & Economics
  • Power 60 2020
  • Projects
  • Projects
  • Property
  • Real Estate
  • Real Estate
  • Regional Roundup
  • Restaurants/Cafés
  • Retail
  • Reviews
  • Small Business
  • Sports
  • Supplier Focus
  • Suppliers
  • Suppliers
  • sustainability
  • Tech News
  • Telecom
  • Tips & Tricks
  • Transport
  • Transport
  • Travel
  • Travel & Hospitality
  • Travel & Tourism
  • Uncategorized
  • Videos
  • Watches

By Tags

Abu Dhabi bank barrel basket Business Company Construction COVID-19 crude design Development Dubai Economic Emirates Energy exchange Financial GCC Global gulf index Interiors International Kuwait Kuwaiti market Middle East Minister oil OPEC price qatar rate Real estate Saudi arabia shares stock technology trade traders trading uae USD US dollar World

© 2026 BusinessToday . All Rights Reserved.

No Result
View All Result
  • Home
  • Landing Page
  • Buy JNews
  • Support Forum
  • Contact Us

© 2026 BusinessToday . All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?