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DEWA, Dubai Airports join forces to bolster energy efficiency

DEWA, Dubai Airports join forces to bolster energy efficiency
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Dubai – Mubasher: Dubai Electricity and Water Authority (DEWA) and Dubai Airports discussed ways to strengthen cooperation in energy efficiency, according to a press release.

This came during a meeting that was held between Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, and Paul Griffiths, CEO of Dubai Airports.

The two officials touched upon the latest developments in the project executed by Etihad Energy Services Company (Etihad ESCO), a wholly-owned subsidiary of DEWA. The project aims to develop a number of buildings at Dubai Airports to enhance energy efficiency.

Al Tayer pointed out that this aligns with the company's objectives to anchor the green economy across the UAE and bolster environmental sustainability, in addition to achieving net-zero emissions.

Meanwhile, Griffiths highlighted: “By working together towards a sustainable future, we aim to contribute to the UAE Government's goal towards a net-zero carbon emissions economy by 2050.”

He added: “A key priority in 2023 is to deliver sustainable operations as we strive to maintain our position as the world's busiest global hub.”

The official concluded: “With the UAE hosting COP28 this year, we are very excited about the developments and opportunities that we are presented with and our role in achieving them.”

Last year, DEWA posted consolidated net profits of AED 7.96 billion, up 22% from AED 6.55 billion in 2021.

Revenues jumped by 15% to AED 27.35 billion in 2022 from AED 23.82 billion in 2021, while the earnings per share (EPS) rose to AED 0.15 from AED 0.12.