Breaking News

Tweet TWEET

RWE Technology and Dubai Electricity and Water Authority Establish Joint Venture in Dubai

   RWE Technology and Dubai Electricity and Water Authority Establish Joint
                               Venture in Dubai

  PR Newswire

  ESSEN, Germany, October 24, 2012

ESSEN, Germany, October 24, 2012 /PRNewswire/ --

- With Photo

RWE Technology GmbH, a company within the RWE Group that specialises in
building power plants, and the state-run Dubai Electricity and Water Authority
(DEWA) have established a joint venture. On 22 October 2012, Member of the RWE
Executive Board Leonhard Birnbaum, RWE Technology CEO Michael Fübi and DEWA
CEO/MD H.E. Saeed Mohammed Al Tayer signed the agreement in Dubai.

 (Photo: http://photos.prnewswire.com/prnh/20121024/570787 )

Over the next four years, the two partners in the joint venture intend to
develop the leading service company for energy consulting in the region. RWE
Technology GmbH will provide its expertise as an international project and
engineering specialist in the power plant sector. Its capabilities include
project management and implementation, international sourcing of major
components, and quality assurance. As the public energy and water utility of
the Emirate of Dubai, DEWA has access to markets in the Middle East,
particularly in the United Arab Emirates. It will therefore take
responsibility within the joint venture for the areas of marketing, sales and
local procurement.

"The Middle East and also North Africa are interesting and growing markets for
RWE Technology's engineering business. DEWA and RWE Technology complement each
other with their services and we see major advantages in developing these
markets together with DEWA," commented Executive Board member Birnbaum at the
signing. He said he was pleased and proud that RWE has now taken on DEWA as a
partner.

"With DEWA at our side, we will both enjoy success. The joint venture plans to
offer comprehensive energy consulting services not only to energy suppliers
and major industrial enterprises in the region, but also to government
authorities, private investors and developers," noted RWE Technology CEO Fübi.

The CEO of DEWA, Al Tayer, was likewise pleased to see the new undertaking get
off the ground. "We are convinced that RWE is the right partner to assist us
in making an important contribution to more efficient and eco-friendly energy
supply in the Middle East," said Al Tayer. With its strong and stable economy,
Dubai in particular is in a position to set standards in energy supply, he
continued. The Gulf States such as Saudi Arabia, Qatar and the United Arab
Emirates are investing billions in new industries and infrastructure. Energy
needs have hence risen rapidly in recent years. To meet this demand, power
plant capacities will have to be doubled in the next few years.

Picture is available via epa european pressphoto agency ( http://www.epa.eu/ )
and can be downloaded free of charge at:
http://www.presseportal.de/pm/107089/rwe-technology-gmbh

Note to Editors:

A picture accompanying this release is available through the PA Photowire. It
can be downloaded from http://www.pa-mediapoint.press.net or viewed at
http://www.mediapoint.press.net or http://www.prnewswire.co.uk .



Please direct enquiries to:   

Harald Fletcher   RWE Technology GmbH     Head of Communications T
+49-201-12-22852
 
Press spacebar to pause and continue. Press esc to stop.