DUBAI 22 January 2019: Dubai Electricity and Water Authority (Dewa) signed a Memorandum of Understanding (MoU) with Saudi Aramco to cooperate on energy, Research and Development (R&D), and smart grids, as well as exchange experiences and best practices, to achieve their strategic objectives.
The MoU was signed by Saeed Mohammed Al Tayer, MD & CEO of Dewa, and Abdulkareem Al Ghamdi, Vice President of Power Systems at Saudi Aramco. The meeting was attended by officials from both organisations.
According to the MoU, Dewa and Saudi Aramco will cooperate in exploring joint strategic ventures in the energy sector, collaborate on R&D in power generation, innovation and testing centres, water desalination and purification, smart grids and network integration, process automation, robotics, Artificial Intelligence (AI), Blockchain, 3D printing and additive manufacturing, Big Data analysis, digital transformation, and technological development.
They will also cooperate on the Energy Service Company (ESCO) business model to enhance energy efficiency and building retrofits, as well as training and capacity building. DEWA and Aramco will also work together on sustainability, environmental protection, carbon abatement and climate change adaptation management.