The Abu Dhabi Department of Economic Development (ADDED) and the energy services market maker of the emirate, Abu Dhabi Energy Services (ADES), have stepped into a cooperation agreement to improve electricity and water consumption efficiency of industrial facilities in the UAE capital.
As part of the agreement, ADES will explore potential opportunities to reduce electricity and water consumption within industrial buildings and facilities across Abu Dhabi, resulting in tangible cost savings and improved usage efficiency.
ADES was announced in 2020 by TAQA, with a core mandate to develop and grow the energy services market in Abu Dhabi in line with relevant local and federal policies. The cooperation agreement with ADDED will play an important role in supporting Abu Dhabi’s sustainability agenda.
Mr. Sameh Abdulla Al Qubaisi, Director General of Economic Affairs at ADDED, said, “Our partnership with ADES to enhance the efficiency of water and electricity consumption of industrial facilities is a new step in our journey to support the industrial sector to play a greater role in economic diversification and increase its contribution to Abu Dhabi’s GDP.”
“The agreement aims to boost the development of the building retrofit program as part of Abu Dhabi’s Demand Side Management and Energy Rationalization Strategy (DSM) 2030, which aims to reduce electricity consumption by 22 percent and water consumption by 32 percent by 2030. Under this agreement, ADES and the ADDED will work together to identify savings opportunities to enhance the efficiency of the industrial sector and rationalize electricity and water consumption, showcasing our joint commitment to support the UAE’s strategic plans to achieve net-zero by 2050.”
In 2019, ADDED’s Industrial Department Bureau launched the Electric Tariff Incentive Program (ETIP) to encourage competitiveness and investment in Abu Dhabi as the first option for industrial companies. The program aims to boost the productivity of industrial facilities and enhance their economic impact and energy efficiency by providing competitive prices for the electricity tariff.