A memorandum of understanding (MoU) has been signed by Saudi Aramco and the Dubai Electricity and Water Authority (DEWA). The MoU will see the two firms combining focus on new energy projects, power supply management and smart grid systems.
According to a statement, the MoU provides a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence.
“We look forward to our partnership with DEWA as it is an important step to achieve our shared objectives and goals that aim at identifying new opportunities within our business for deployment of new energy, smart grid and digital applications. Through this partnership, we are pursuing an exchange of experiences and best practices that will help both parties to leverage technology solutions and accelerate business growth and drive innovation in the energy sector,” said Abdulkarim Al Ghamdi, Saudi Aramco VP (Power Systems).
Smart control systems are being deployed in the state oil firm’s intelligent Power Centre, which is said to be under construction in the Kingdom.
“The MoU will help our efforts in digital transformation in the energy industry by applying effective technologies to enable operational efficiencies. The collaboration with DEWA will complement Saudi Aramco’s ongoing energy and technology initiatives,” he added.
The new centre aims to enhance power generation, transmission, distribution, and asset management by implementing modern real-time power management technologies, the firm noted.
Saeed Mohammed Al Tayer, MD and CEO of DEWA commented, “This MoU supports the vision of the wise leadership in both the UAE and Saudi Arabia and contributes to achieving integration across all vital sectors through joint efforts to support national and regional goals and common interests, anticipate the future and adopt innovation to enhance sustainability of development. The collaboration with Saudi Aramco supports regional efforts to enhance the energy, water, smart transformation, smart grids, energy efficiency and sustainability sectors.”