DEWA International and Shanghai Electric have signed a Memorandum of Understanding (MoU) to explore opportunities to develop and invest in energy, water and infrastructure projects across global markets.

The agreement was witnessed by Saeed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International.

It was signed by Waleed bin Salman, Executive Vice President of Business Development and Excellence at DEWA, and Shen Bing, President of Shanghai Electric Power Generation Group.

The MoU establishes a framework for identifying, evaluating, developing and investing in potential projects through tenders and other opportunities.

Cooperation will cover combined-cycle power plants, solar PV, concentrated solar power, battery energy storage, wind energy, seawater desalination, electricity transmission and distribution, green hydrogen and green ammonia.

It also includes equipment and services for the oil and gas sector.

“At DEWA International, we are committed to expanding our presence in global markets and building strategic partnerships that leverage Dubai’s pioneering expertise in the utilities sector and the global capabilities of our partners. Our partnership with Shanghai Electric supports our efforts to explore promising opportunities in energy, water and green technologies and develop sustainable and commercially viable projects that contribute to the global transition to more efficient and sustainable energy systems,” said Al Tayer. -OGN/TradeArabia News Service