A strategic partnership between ADNOC and the Emirates Water and Electricity Company in clean energy

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His Highness Sheikh Khalid bin Mohammed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, head of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC), launched a strategic partnership in clean energy between ADNOC and the Emirates Water and Electricity Company.

According to the strategic partnership, which is the largest of its kind in the oil and gas sector, the Emirates Water and Electricity Company will supply ADNOC with the needs of its electrical network through electricity produced from clean nuclear and solar energy sources. Its zero-emission electric power operations will commence from January 2022, consolidating its leading position among the least carbon-intensive oil and gas producers, and supporting its efforts and initiatives to reduce emissions and enable sustainable growth.

This strategic partnership provides the Emirates Water and Electricity Company with a primary consumer of the energy it generates from clean sources, which includes nuclear and solar energy, and supports its efforts to invest in transformative innovations to reduce emissions in the energy sector.

This pioneering partnership is in line with the UAE’s approach and strategic initiative to achieve climate neutrality by 2050, and its orientation towards a low carbon future.

Commenting on the partnership, His Highness Sheikh Khalid bin Mohamed bin Zayed Al Nahyan said it is important to take advantage of the opportunities available to achieve the goal of climate neutrality for the UAE by 2050.

His Highness stressed that the agreement, which brings together two major entities, reflects efforts to reduce carbon emissions thanks to the diversity and strength of the country’s energy portfolio, noting that these agreements contribute to the development of national economic diversification policies based on partnership and sustainability, which supports the country’s plans for the next 50 years.

His Highness stressed the importance of ADNOC’s pivotal role in investing in transformational innovations, enhancing the country’s efforts to reduce carbon emissions, and supporting diversification of the national energy portfolio, pointing out that the agreement represents an opportunity to activate long-term plans and strategies to reduce carbon emissions in various operations carried out by ADNOC. .

His Highness praised ADNOC’s efforts and leadership in the sector, explaining that the innovative ideas it presented contribute to the national economy and enhance the pace of its growth.

The partnership agreement was signed by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and CEO of ADNOC and its group of companies, and Mohammed Hassan Al Suwaidi, CEO of “Holding” (ADQ) and Chairman of the Board of Directors of the Emirates Water and Electricity Company.

On this occasion, Dr. Sultan Ahmed Al Jaber said: “This strategic agreement is in line with the vision of the wise leadership in the UAE to diversify the energy mix to include renewable sources and nuclear energy, as well as with the country’s strategy to keep pace with the transformation in the energy sector, and contribute to progress towards achieving the Paris climate agreement.”

He added: “This agreement confirms ADNOC’s commitment to responsible energy production, improving performance, enhancing profitability and economic return, with a focus on reducing emissions and strengthening its leadership position in the field of sustainability. As we continue our approach to reducing emissions and preparing for the Conference of the States Parties to the United Nations Framework Convention on Climate Change,COP26“We extend an open invitation to current and future partners to collaborate with us in providing practical solutions for a low-carbon future.”

He continued, “Thanks to this pioneering strategic partnership with Emirates Electricity and Water in the field of clean energy, ADNOC will be the first oil and gas company to secure the needs of its electric grid from zero-emissions energy sources. This pioneering partnership represents a model for achieving integration between hydrocarbon resources and renewable energy sources, in an innovative way that keeps pace with the transformation of the energy sector, and this agreement directly supports ADNOC’s efforts to consolidate its position among the lowest emissions-intensive producers.”

For his part, Mohamed Hassan Al-Suwaidi, CEO of “Holding” said:ADQ) and Chairman of the Board of Directors of the Emirates Water and Electricity Company: “The energy sector in Abu Dhabi is witnessing continuous strategic transformations in the framework of efforts to achieve sustainability. The agreement to provide clean energy in the long term confirms the commitment of the Emirates Water and Electricity Company to continue investing in the development of pioneering projects in the field of renewable energy, and to achieve the ambitions of the UAE vision to develop the first nuclear power plant in the Arab world.”

He added: “Within the framework of the “holding” obligations (ADQ) towards the sustainability of its investments, these projects play a pivotal role as a catalyst to enhance efforts to decarbonize the energy sector and support the UAE’s ambitious sustainable development goals. Through this agreement, we are working to provide a platform that will enhance ADNOC’s goals in the field of clean energy, and enable the Emirates Water and Electricity Company to continue investing in clean energy projects and thus diversify the energy mix in the Emirate of Abu Dhabi. We look forward to working closely with ADNOC and other companies to unite efforts to combat climate change through similar partnerships with the Emirates Water and Electricity Company.”

This strategic partnership reflects ADNOC’s commitment to responsible oil and gas production, as well as its commitment to meeting the world’s growing energy needs with the least amount of emissions. At the same time, it will have a positive impact on the Murban crude, which has a carbon intensity that is less than half the average globally, which enhances its position as one of the preferred oil raw materials for both consuming countries and refineries that seek to reduce carbon emissions in their production processes, especially that crude Murban strengthened its presence in the global markets at the beginning of this year with the start of trading of its new futures contracts on the Abu Dhabi Intercontinental Futures Exchange, which is based in the Abu Dhabi Global Market.

In the area of ​​ADNOC’s refined products, this strategic partnership contributes to lowering the carbon intensity of products such as jet fuel that are sold to local and global customers, cementing its position as one of the least emission-intensive types of jet fuel available, and as an important enabler of ongoing efforts to reduce emissions in the industry. Aviation.

This strategic partnership allows ADNOC to accelerate the achievement of the goals of its comprehensive plan for sustainability 2030, which includes reducing emissions intensity by up to 25% by 2030, and contributes to enhancing value and providing additional opportunities to increase revenues.

The clean energy supplied to ADNOC will be certified through “Clean Energy Certificates” registered by the Emirates Water and Electricity Company.

The Emirates Water and Electricity Company owns a diversified portfolio of pioneering projects in the field of clean and renewable energy, most notably the Noor Abu Dhabi plant, which is currently the largest independent solar power plant in the world and produces about 1.2 gigawatts of energy, which contributes to reducing carbon emissions by one million metric tons annually, equivalent to 200,000 cars removed from the road. The company is also working on the development of the Al Dhafra solar photovoltaic plant, which will become the largest independent solar power plant in the world, with about 4 million solar panels to provide electricity to about 160,000 homes in the UAE. The plant, when fully operational, is expected to reduce carbon dioxide emissions in the Emirate of Abu Dhabi by more than 2.4 million metric tons annually, equivalent to removing 470,000 cars from the road.

In addition to developing pioneering projects in the field of solar energy, the Emirates Water and Electricity Company is working to support the connection of the Barakah Nuclear Energy Plant to the country’s main electricity grid. It is expected that the Barakah Peaceful Nuclear Energy Plants will contribute to reducing carbon emissions in the country by about 21 million tons annually once the four reactors at the plant reach their full operational capacity.







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