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Dubai launches ESCOs’ first regulatory framework in Middle East

Aims to transform Dubai into a smart and sustainable city

| | Feb 5, 2014 | 11:18 am
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Aims to transform Dubai into a smart and sustainable city

HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy (DSCE) and MD and CEO of DEWA, delivered a speech on the occasion of launching the regulatory framework of energy service companies – the first of its kind in the Middle East – by the Regulatory and Supervisory Bureau for Electricity and Water Sector, through Etihad Energy Service Company (Etihad ESCO). Announcing this in a communiqué, DEWA said that the speech was delivered in the presence the companies working in the field of energy services.

The communiqué quoted the crux of the speech: “It is important to put into effect the regulatory frameworks that reflect the commitment of the Government Of Dubai and the Dubai Supreme Council of Energy to promote the leadership and competitive of Dubai at global level as well as encouraging and supporting partnerships with private sector through Etihad ESCO, that aim to create new business and investment opportunities to contribute to transforming Dubai into a smart and sustainable city.”

Highlighting DEWA’s achievements which contribute to realising the objectives of the UAE Vision 2021, for instance, the initiative of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, under the theme ‘Green Economy for Sustainable Development’, His Excellency pointed out that the establishment of Etihad ESCO, DEWA was fulfilling the avowed objective of Dubai Integrated Energy Strategy developed by the DSCE, chaired by HH Sheikh Ahmed bin Saeed Al Maktoum, to reduce energy demand by 30% by 2030 and provide a regulatory environment to support the growth, expansion and sustainability of business.


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