Dubal Holding, EDF Group ink MoU to explore sustainable energy solutions
Dubal Holding, EDF Group ink MoU to explore sustainable energy solutions
Dubal Holding, a wholly-owned subsidiary of the Investment Corporation of Dubai, has announced that it has signed a memorandum of understanding (MoU) with Electricite De France (EDF Group) to explore opportunities in developing sustainable energy solutions in GCC and Brazil.
The MoU was signed between Abdulnasser bin Kalban, on behalf of DUBAL Holding and Laurent Clement, managing director Middle-East of EDF, highlighting the sector’s commitment to enabling the UAE to meet its sustainability objectives.
Speaking at the MoU signing ceremony, Kalban said that this is an exciting moment for Dubal as it builds a successful long-term partnership with EDF.
“As an investment arm of the Dubai government in industrial, mining and power projects, our combined efforts will focus on further industrialisation of Dubai and the UAE in line with our government’s vision.”
Meanwhile, Clement, added the announcement is the first milestone of their future successful partnership with Dubal Holding in the UAE.
“By leveraging our combined experience and expertise, we aim to contribute to the development of the UAE’s industry through smart and innovative low carbon solutions, contributing to Dubai and the UAE’s development strategy.”
The MoU will explore possible collaborations for developing thermal power plants, technical support services, district cooling and sustainable energy solutions, with partnerships from both the firms.
