10 Feb 2022
TAQA Energy Services Cooperate to Enhance Electricity and Water Consumption Efficiency in Industrial Facilities
The agreement will contribute to the national drive to achieve net-zero emissions by 2050
Abu Dhabi, UAE – 10 February 2022: The Abu Dhabi Department of Economic Development (ADDED) and TAQA Energy Services, the energy services market maker of the Emirate of Abu Dhabi, announced a cooperation agreement to enhance electricity and water consumption efficiency of industrial facilities in the Emirate.
The agreement will allow TAQA Energy Services to explore potential opportunities to reduce electricity and water consumption within industrial buildings and facilities across the Emirate, resulting in tangible cost savings and improve usage efficiency.
His Excellency Sameh Abdulla Al Qubaisi, Director General of Economic Affairs at ADDED, said: “Our partnership with TAQA Energy Services to enhance 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.”
In 2019, ADDED’s Industrial Department Bureau launched the Electric Tariff Incentive Program (ETIP) to promote competitiveness and investment in Abu Dhabi as a first option for industrial companies. The program aims to boost productivity of industrial facilities and enhance their economic impact and energy efficiency by providing competitive prices for the electricity tariff.
“We believe our agreement with TAQA Energy Services will further strengthen the industrial sector, enhance its resilience and contribute positively to sustainable development in Abu Dhabi” Al Qubaisi added.
Khalid Mohamed Al Qubaisi, Chief Executive Officer, TAQA Energy Services, said: “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% and water consumption by 32% by 2030. Under this agreement, TAQA Energy Services 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.”
TAQA Energy Services was announced in 2020 by TAQA, with a core mandate to develop and grow the energy services market in the Emirate of 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.