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

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.

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Note to Editors:

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Please direct enquiries to:    

Harald Fletcher    
RWE Technology GmbH        
Head of Communications
T +49-201-12-22852

SOURCE RWE Technology GmbH