DEWA International, the global arm of Dubai Electricity and Water Authority (DEWA), has signed a memorandum of understanding with Shanghai Electric to explore developing and investing in energy, water and infrastructure projects in global markets, the Government of Dubai Media Office said on Sunday.
The agreement sets a framework for the two companies to identify, evaluate, develop and structure potential projects. It also covers taking part in and investing through tenders.
Areas of cooperation include combined-cycle power plants, photovoltaic and concentrated solar power, battery energy storage, wind energy and seawater desalination. Electricity transmission and distribution, green hydrogen and green ammonia are also included, along with the supply of equipment and services for the oil and gas sector.
The media office did not give a value for the agreement or name specific projects or countries.
Waleed bin Salman, Executive Vice President of Business Development and Excellence at DEWA and Vice Chairman of DEWA International, signed for the Dubai side. Shen Bing, President of Shanghai Electric Power Generation Group, signed for the Chinese company.
Saeed Mohammed Al Tayer, Managing Director and Chief Executive Officer of DEWA and Chairman of DEWA International, witnessed the signing. Jin Xiaolong, Vice President of Shanghai Electric Group, also attended.
Al Tayer said DEWA International aims to expand its presence in global markets through partnerships that draw on Dubai’s experience in the utilities sector. He said the agreement would help it pursue sustainable and commercially viable projects in energy, water and green technologies.
