Dewa inks energy consultancy JV
Dubai, October 22, 2012
Dubai Electricity and Water Authority (Dewa) has joined hands with RWE Technology, one of Europe’s leading engineering and project management companies, to set up a new company that will offer comprehensive energy consulting service in the region.
As per the deal, RWE Technology GmbH will provide its expertise as an international project and engineering specialist in the power plant sector. Its capabilities include project management and implementation, international sourcing of major components, and quality assurance.
Both the partners will develop the new venture into a leading service company for energy consulting in the region, said a statement from Dewa.
The move is part of Dubai’s ongoing strategy of leveraging partnerships with like-minded corporations around the world,
remarked Dewa CEO and MD Saeed Mohammed Al Tayer after signing the agreement with Leonhard Birnbaum, member of the RWE executive board and Michael Fübi, RWE Technology MD in Dubai.
“The new company will offer comprehensive energy consulting services not only to energy suppliers in the region, but also to energy related projects in the oil and gas sector; the steel, chemical, aluminium and cement industries; government authorities; and private investors and developers,” Fübi added.
Al Tayer pointed out that RWE Technology was the right partner on whom Dewa can rely in all fields of consulting services, including energy and the environment, to provide its mutual expertise in the Middle East.
"Business potential between Dewa and RWE has endless possibilities, whether in sharing operational expertise, or developing innovative technologies to emphasize the significance of international public private partnerships," he stated.
With its strong and stable economy, Dubai in particular is in a position to set standards in energy supply, he added.
Commenting on the new venture, Fübi said, “The Middle East and also North Africa are interesting markets for our external business. We see major advantages in developing these markets with the help of Dewa.”
"The new company will offer comprehensive energy consulting services not only to energy suppliers in the region, but also to energy related projects in the oil and gas sector; the steel, chemical, aluminium and cement industries; government authorities; and private investors and developers," he noted.
The JV will provide key services to utilities, the oil& gas industry, as well as to the associated power related activities of the steel/petro-chemical/aluminum industry.
These include project development, operation and execution of power installations, services related to regulation & policies, techno economical studies, plant & technology concept development and modeling, plant performance, network & grid studies, energy audits and fuel management.-TradeArabia News Service