Friday 23 August 2019

Abu Dhabi plans preferential power tariffs for industrial sector

ABU DHABI, January 13, 2019

Abu Dhabi is considering the introduction of preferential electricity tariff rates for the industrial sector, according to a report.
The Abu Dhabi Department of Energy and the Department of Economic Development are reviewing the electricity consumption rates of the industrial sector to establish preferential tariffs based on specific economic criteria, said the Wam report.
All segments of the sector will be reviewed, to place suitable tariffs and increase its contribution to the emirate’s GDP, it said.
In an interview with Wam, Awaidha Murshed Al Marar, chairman of the Abu Dhabi Department of Energy, said that the department is supporting programmes that aim to stimulate the industrial sector and investment in Abu Dhabi, and is promoting transparent pricing and the adoption of preferential tariffs, to make the sector more attractive to investors and achieve the integration and diversification of all economic sectors.
Al Marar pointed out that electricity consumption in the emirate increased by five percent, due to the continued growth of the industry and the petroleum and tourism sectors while noting that the local electricity sector is witnessing significant development in terms of production rates, which will help meet growing demand and urban and industrial expansion in the emirate.
The Abu Dhabi Department of Energy aims to reduce electricity tariffs for the local industrial sector to encourage investment and achieve sustainable growth.


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