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Dubai’s Etihad ESCO to start new projects worth USD44m in 2017

23 Feb 2017

(MENAFN) Dubai government-owned energy services company Etihad ESCO, announced plans to implement up to USD43.56m worth of new projects this year including a major retrofit to be announced before the end of March.

The state utility Dubai Electricity and Water Authority (DEWA) was set up to develop Dubai’s energy performance contracting market as part of a strategy to cut the emirate’s energy demand by 30 by 2030.

Etihad ESCO CEO Ali Al Jassim told reporters: “JAFZA was the first and biggest, so the bar was very high at the beginning. But we are having [a project] bigger than that in 2017.”

And he added: “You will see a different number than JAFZA. It’s not in terms of size of the client or size of the facilities; I am talking of the financing figures.”

MENAFN2302201700450000ID1095263991

MENAFN2302201700450000ID1095263991

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