Dubai:Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, oversaw the signing of a Memorandum of Understanding (MoU) between DEWA International and Shanghai Electric. This agreement aims to explore development and investment opportunities in energy, water, and infrastructure projects on a global scale, as DEWA International seeks to strengthen its strategic partnerships with leading global organizations.
According to Emirates News Agency, the MoU was signed by Waleed bin Salman, Executive Vice President of Business Development and Excellence at DEWA and Vice Chairman of DEWA International, and Shen Bing, President of Shanghai Electric Power Generation Group. The signing ceremony was attended by Jin Xiaolong, Vice President of Shanghai Electric Group, along with other officials from both organizations.
The agreement establishes a framework for cooperation in identifying and evaluating potential projects, including participation in tenders. The areas of cooperation cover combined-cycle power plants, photovoltaic solar and concentrated solar power systems, battery energy storage systems, wind energy, seawater desalination, electricity transmission and distribution, green hydrogen, and green ammonia. It also includes the supply of equipment and services for the oil and gas sector.