Etihad ESCO and Drydocks World have signed a service agreement to prepare for, and evaluate the potential for on-site solar energy generation.
Under the agreement, Etihad ESCO will improve facilities to reduce electricity and water use and study ways to recycle waste water for Drydocks World, which is the largest shipyard service provider to the shipping, offshore, oil, gas and energy sectors in the Middle East.
Etihad ESCO will also conduct a feasibility study to assess the possibilities for on-site solar energy generation for Drydocks World.
Chairman of Etihad ESCO, Saeed Mohammed Al Tayer, and Chairman of Dry Docks World, Abdulrahman Al Saleh, signed the agreement.
"The agreement supports the UAE Vision 2021, and the Dubai Plan 2021 to achieve sustainable development in the UAE. It also supports the Dubai Clean Energy Strategy 2050, to establish Dubai’s position as a global hub for clean energy and energy efficiency. Through this agreement, we aim to support Drydocks’ green efforts by providing sustainable solutions that reduce consumption and support the development and sustainability of eco-friendly facilities," said Al Tayer.
Etihad ESCO’s main objective is to create a standalone market for energy efficiency, with a strategic plan to retrofit at least 30,000 existing buildings in the Emirate, he added.