Afridi & Angell Advises Dubai Electricity and Water Authority Regarding Establishment of a New Unit to Lead Regulatory Practices
January, 2014 - Dubai, United Arab Emirates
Advised Dubai Electricity and Water Authority (DEWA) regarding the establishment of a company, Etihad Energy Services (EES), to carry out a pilot project aimed at retrofitting seven of its buildings. The objective of retrofitting is to achieve energy efficiencies.
The project is due to commence early next year. It is anticipated the scheme will be expanded and aims to cut carbon emissions by one million tonnes by 2030. This matter highlights the importance the UAE places on reducing its carbon footprint and adhering to international environmental standards. Following in the footsteps of the likes of North America, Germany and Scandinavia, where similar schemes have enjoyed success and have been welcomed by building owners, the UAE believes it can finance future projects through the savings generated by the efficiencies achieved.
Masood K Afridi was the lead partner on this matter.
