Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with ePointZero, a global investment platform focused on delivering end-to-end solutions across the energy value chain and a subsidiary of the International Holding Company (IHC) group, to explore new power generation projects and support the UAE’s clean energy transition.
By expanding its
energy portfolio, EtihadWE aims to enhance the reliability, efficiency, and
sustainability of the power network serving the region.
The partnership will
focus on projects under EtihadWE’s Self-Generation Programme, including gas,
renewables, and battery storage solutions.
Under the MoU,
EtihadWE and ePointZero will assess potential project sites, investment models,
and financing structures.
ePointZero and its
affiliates may also contribute advanced technologies, equipment, or engineering
services to accelerate implementation and ensure optimal integration with the
national grid.
Yousif Ahmed Al Ali,
CEO of Etihad Water and Electricity, said, “This MoU represents a significant
step toward advancing a more reliable and sustainable power system across the
Emirates. Through this collaboration, we aim to enhance efficiency, drive decarbonisation,
and ensure stable energy supply for future generations. Partnering with
ePointZero combines innovation and expertise to deliver tangible benefits to
our customers and communities.”
Mohamed Hesham, CEO of
ePointZero, added, “Our collaboration with EtihadWE represents an important
step toward building greater energy resilience across the region. Together, we
will build a new model for how generation, storage, and transmission can work
in sync, one that strengthens local capacity while enabling sustainable growth
for the communities we serve.”
The projects will be
led by EtihadWE’s subsidiary, Emirates Utilities Development Company (EUDC),
which develops and manages infrastructure projects across the region.
Once detailed feasibility studies and due diligence are completed, the partnership may progress to a Joint Development Agreement, formalising investment and implementation arrangements.
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