The Abu Dhabi Department of Economic Development (ADDED) and Abu Dhabi Energy Services (ADES), 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 ADES 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.

Sameh Abdulla Al Qubaisi, Director General of Economic Affairs at ADDED, said, “Our partnership with ADES 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 Programme (ETIP) to promote competitiveness and investment in Abu Dhabi as a first option for industrial companies. The programme 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 ADES 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, ADES, said, “The agreement aims to boost the development of the building retrofit programme as part of Abu Dhabi’s Demand Side Management and Energy Rationalization Strategy (DSM) 2030, which aims to reduce electricity consumption by 22 per cent and water consumption by 32 per cent by 2030. Under this agreement, ADES and the ADDED 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.”

Abu Dhabi 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.

Meanwhile, in line with national efforts to create a more sustainable and prosperous future, FAB Properties, the real estate service provider which specialises in end-to-end property solutions, has partnered with Abu Dhabi Energy Services (ADES), Abu Dhabi’s energy services market maker, on Jan.30, to reduce water and electricity consumption at FAB Properties facilities and buildings.

The commitment aligns with the Abu Dhabi Demand Side Management and Energy Rationalization Strategy (DSM) 2030. Under the MoU, ADES will look at retrofitting FAB Properties’ facilities and buildings with energy saving solutions that reduce power and water consumption to enhance energy efficiency and sustainability.

Jasim Al Ali, CEO of FAB Properties, said: “As one of the UAE’s leading real estate service providers, FAB Properties is committed to supporting all government initiatives aimed at minimising our carbon footprint and delivering sustainable value to our society. We look forward to working closely with Abu Dhabi Energy Services to assess current electricity and water consumption trends and develop a plan towards a more sustainable future for all.”

Khalid Mohamed Al Qubaisi, CEO of ADES, said: “Our partnership with FAB Properties will allow ADES to explore the implementation of the latest energy saving technologies across its buildings and facilities. Our solutions will result in significant savings in electricity and water consumption and reduce CO2 emissions, to further advance the national sustainability agenda.”

ADES was announced in January 2020 with a core mandate to create the energy services sector in the Emirate of Abu Dhabi through identifying, sourcing and funding solutions that can deliver tangible savings in both electricity and water consumption to reduce costs and enhance energy efficiency. Most recently, ADES announced a series of agreements to retrofit more than 30 buildings across the Emirate of Abu Dhabi during the World Future Energy Summit 2022.

FAB Properties – the subsidiary of the largest bank in the UAE - manages a diversified portfolio of more than 20,000 units across different market segments. Its offering is characterised by the quality of services it provides to customers and the high standards it adopts in delivering them.