Kezad Communities seals partnership deal with Taqa unit
ABU DHABI, May 26, 2023
Kezad Communities, a real estate investment company specializing in staff residential solutions, and Abu Dhabi Energy Services (ADES), a prominent energy efficiency capacity builder and a subsidiary of Abu Dhabi National Energy Company (Taqa), have announced a collaboration agreement for energy efficiency projects in Abu Dhabi.
This partnership aims to leverage the strengths of both organizations to advance Abu Dhabi's Demand Side Management and Energy Rationalization Strategy 2030.
The strategy sets targets of a 22 percent reduction in power consumption and a 32 percent reduction in water consumption.
The MoU also aligns with the UAE Circular Economy Policy 2021-2023, which promotes sustainable consumption patterns to minimize environmental impact.
Under the agreement, ADES will serve as the project developer, identifying opportunities to improve water and electricity consumption efficiency in facilities operated by Kezad Communities, said Abdulaziz A. Bawazeer, the CEO of Kezad Communities, after signing the deal with Khalid Mohammed Al Qubaisi, CEO of ADES.
"Sustainability has always been a major focus for Kezad Group. As the premier developer and operator of staff residential accommodations across the Emirate of Abu Dhabi, we are keen to ensure that water and power consumption within the 40 staff accommodations we manage is efficient and sustainable," noted Bawazeer.
"Our collaboration with ADES ensures that we not only understand the consumption patterns, but also have a clear plan in place for sustainable and efficient use of resources, while remaining environmentally friendly," he stated.
The signing ceremony was attended by Ahmed Mohammed Al Rumaithi, Undersecretary of the Abu Dhabi Department of Energy (DoE), and Mohamed Al Khadar Al Ahmed, CEO of Khalifa Economic Zones Abu Dhabi - Kezad Group.
This collaboration will drive the growth of the local energy services market, enabling organizations to future-proof their operations while delivering economic and environmental sustainability benefits to Kezad Communities.
Al Qubaisi said: "In the Year of Sustainability, we are thrilled to join forces with Kezad Communities, a forward-thinking organisation that echoes our vision for a sustainable future. The MoU paves the way for ADES and Kezad Communities to harness cutting-edge energy efficiency measures to reduce energy demand and, subsequently, mitigate greenhouse gas emissions."
The agreement outlines key areas of cooperation between ADES and Kezad Communities, such as improving building retrofit operations by upgrading or optimising systems to boost water and electricity efficiency while lowering consumption, he added.-TradeArabia News Service
