30 December 2014

DEWA Signs MoU with TECOM Investments

Dubai Electricity and Water Authority (DEWA) has signed a Memorandum of Understanding (MoU) with TECOM Investments to enhance cooperation and invest in their partnership to support developmental initiatives and projects, particularly DEWA’s Smart initiatives. These include electric vehicle charging infrastructure and smart applications through smart meters and grids. The efforts support the Smart Dubai initiative, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai the smartest city in the world. The MoU was signed by HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, and HE Dr. Amina Al Rustamani, Group CEO of TECOM Investments. The MoU signing was attended by Waleed Salman, Executive Vice President of Strategy and Business Development at DEWA, Mohammad Al Shehhi, Chief Operating Officer of d3 (Dubai Design District), Dr. Abdulla Al Hammadi, Vice President of Strategy and Performance Management, Maryam Althani, Senior Manager of Partnership, and Ahmed Abdullah, Senior Manager of External Communications at DEWA. As per the MoU, the two sides will promote joint work and exchange of knowledge, expertise, experiences, and best practices in various disciplines related to common areas of work, in addition to conducting joint research and consultations on projects that support the sustainable development of Dubai. “DEWA works at all levels to achieve the Smart Dubai initiative, launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. We do this by our smart initiatives, and working to achieve the Dubai Plan 2021, which has sustainability as one its main themes. We also work in line with the Dubai Integrated Energy Strategy 2030 to diversify the energy mix and reduce energy demand by 30% by 2030,” said Al Tayer. “The MoU will help DEWA to implement its smart initiatives in collaboration with its partners. We will collaborate with TECOM Investments to develop the necessary frameworks to promote the use of smart applications through smart meters and grids, and establish the infrastructure and charging stations for electric vehicles. Through such cooperation, DEWA is looking forward to promoting joint work between the public and private sectors. Our objective is to consolidate the foundations of environmental sustainability, strengthen the sustainability of natural resources, and protect the environment for generations to come,” added Al Tayer. Dr. Amina Al Rustamani, CEO of TECOM Investments said: “The MoU supports the efforts of both DEWA and TECOM Investments to enhance the sustainable development of Dubai by supporting smart projects and initiatives through joint projects with different stakeholders in the Emirate. Both organisations have proven track records and distinguished expertise in the area of sustainable development and sustainable growth. This MoU will help to put our efforts within a consolidated framework to ensure our joint projects are done on time and to the fullest”. She added: “We will continue our efforts to contribute towards achieving the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, to transform Dubai into a world class Smart City, which will be a role model for the region and the rest of the world. We have already started implementing these smart initiatives into Dubai Design District (d3), which is the pilot development for the Emirate's wider Smart City ambitions.”