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FINANCIAL NEWS
UAE’s Masdar, Etisalat sign MoU for renewable energy solutions
20 Oct 2014
(MENAFN) Masdar, Abu Dhabi’s renewable energy company, announced it is planning to collaborate with Etisalat, the region’s leading telecommunication service provider, in orderto help it with integrating sustainable, energy solutions into its operations, Saudi Gazette reported.
A Memorandum of Understanding (MOU) was signed between the two companies, lasting for two year, will enable them to identify smarter, cleaner energy solutions that will deliver long term business benefits as well as provide a sustainability model for the global telecommunications industry.
The MOU also outlines key areas of collaboration, including the identification and analysis of renewable energy solutions, the opportunity to audit telecommunications networks, advise on energy optimization projects and lead workshops about the value of sustainable practices.
“Our collaboration with Etisalat underscores the growing commitment by UAE companies to reduce their environmental footprint and implement cleaner, more sustainable operations,” Masdar CEO said.
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