DP World and Masdar, Abu Dhabi’s renewable energy company, have signed a Memorandum of Understanding (MoU) to explore areas of collaboration on clean energy solutions for DP World’s portfolio of ports and freezones in the Middle East and Africa.
Masdar will work with DP World to address challenges related to the delivery of sustainable, reliable and cost effective power generation, with a particular focus on areas that are remote or off-grid. Masdar will provide specialist project management services, from concept to implementation, including community projects to support DP World’s operations.
The first collaborative activity will be to review DP World’s operations at the Port of Berbera in Somaliland, focusing on hybrid solar photovoltaic (PV) – diesel plants, water treatment and other technical advisory services for power generation. The agreement will also look at increasing energy efficiency across the company’s ports and terminals in the region.
DP World Group Chairman and Chief Executive, H.E. Sultan Ahmed bin Sulayem, said: “This collaboration is an important step in contributing towards achieving the UAE 2021 vision and implementing the Dubai 2021 plan as well as the Abu Dhabi Economic Vision 2030, which is focused on developing the UAE into a knowledge-led economy.”