Utilities
From The Report: Abu Dhabi 2023
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Abu Dhabi’s ambitious energy transition, accelerated by the Barakah Nuclear Energy Plant’s commercial operations, aligns with the UAE Energy Strategy 2050. This strategy aims to balance energy sources, targeting 44% clean energy, 38% natural gas, 12% clean coal and 6% nuclear.
Amid efforts to catalyse substantial investment in clean and renewable energy, Abu Dhabi is expected to play a leading role. The emirate prioritises upgrading utilities infrastructure with sustainability in mind, inviting partners in areas such as smart grids, renewable power, water infrastructure and energy efficiency.
Nuclear and thermal power stakeholders are also finding opportunities as Abu Dhabi seeks to meet the demands of a growing population. The sector’s consolidation under major players is simplifying project implementation, with foreign companies competing for operations contracts under the build-own-operate-transfer model.
This chapter contains interviews with Jasim Husain Thabet, Group CEO and Managing Director, Abu Dhabi National Energy Company; and Khalid Al Marzooqi, CEO, Tabreed.