Saudi Aramco signed on Monday a Memorandum of Understanding (MoU) with the Dubai Electricity and Water Authority (DEWA) to foster collaboration in power supply and demand management, reported the Saudi Press Agency.
The MoU will also provide 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,” said Saudi Aramco Vice President for Power Systems, Abdulkarim Al-Ghamdi.
“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”.
“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.”
“This MoU supports the vision of the wise leadership in both the United Arab Emirates and the Kingdom of 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,” said MD and CEO of DEWA Saeed Mohammed Al Tayer.
“The collaboration with Saudi Aramco supports regional efforts to enhance the energy, water, smart transformation, smart grids, energy efficiency and sustainability sectors.”
Saudi Aramco is deploying smart control systems as part of the intelligent Power Centre currently under construction. The centre aims to enhance the effectiveness of power generation, transmission, distribution and asset management through the implementation of latest real-time power management technologies.