Abu dhabi: Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with ePointZero, a global investment platform and subsidiary of the International Holding Company (IHC) group, to explore new power generation projects and support the UAE's clean energy transition. The initiative marks a strategic partnership aimed at enhancing the reliability, efficiency, and sustainability of the power network serving the region.
According to Emirates News Agency, the partnership will focus on projects under EtihadWE's Self-Generation Programme, including gas, renewables, and battery storage solutions. The MoU outlines plans for EtihadWE and ePointZero to assess potential project sites, investment models, and financing structures. ePointZero and its affiliates may also provide advanced technologies, equipment, or engineering services to ensure optimal integration with the national grid.
Yousif Ahmed Al Ali, CEO of Etihad Water and Electricity, stated that the MoU represents a significant step toward advancing a more reliable and sustainable power system across the Emirates. He emphasized the collaboration's goal to enhance efficiency, drive decarbonisation, and ensure a stable energy supply for future generations. Al Ali noted that partnering with ePointZero combines innovation and expertise to deliver tangible benefits to customers and communities.
Mohamed Hesham, CEO of ePointZero, expressed that the collaboration with EtihadWE is an important step toward building greater energy resilience across the region. Hesham highlighted the aim of developing a new model for generation, storage, and transmission that strengthens local capacity while enabling sustainable growth for the communities served.
The projects will be spearheaded by EtihadWE's subsidiary, Emirates Utilities Development Company (EUDC), which develops and manages infrastructure projects across the region. The collaboration may advance to a Joint Development Agreement following detailed feasibility studies and due diligence, formalising investment and implementation arrangements.