Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with ePointZero — a global investment platform specialising in end-to-end energy value chain solutions and part of the International Holding Company (IHC) group — to explore new power generation initiatives and further advance the UAE’s clean energy agenda.
Through the expansion of its energy portfolio, EtihadWE seeks to boost the reliability, efficiency, and sustainability of the regional power network. The collaboration will center on projects under EtihadWE’s Self-Generation Programme, covering gas, renewable energy, and battery storage technologies.
As outlined in the MoU, EtihadWE and ePointZero will evaluate potential project locations, investment frameworks, and financing options. ePointZero and its subsidiaries may also provide advanced technologies, equipment, and engineering expertise to accelerate project execution and ensure smooth integration with the national grid.
Yousif Ahmed Al Ali, CEO of Etihad Water and Electricity, said, “This MoU represents a significant step toward advancing a more reliable and sustainable power system across the Emirates. Through this collaboration, we aim to enhance efficiency, drive decarbonisation, and ensure stable energy supply for future generations. Partnering with ePointZero combines innovation and expertise to deliver tangible benefits to our customers and communities.”
Mohamed Hesham, CEO of ePointZero, added, “Our collaboration with EtihadWE represents an important step toward building greater energy resilience across the region. Together, we will build a new model for how generation, storage, and transmission can work in sync, one that strengthens local capacity while enabling sustainable growth for the communities we serve.”
Project implementation will be driven by EtihadWE’s subsidiary, Emirates Utilities Development Company (EUDC), which oversees infrastructure development across the region.
Following detailed feasibility evaluations and due diligence, the collaboration may advance to a Joint Development Agreement, which would formalise investment commitments and implementation plans.
(Inputs from WAM)
