Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with ePointZero, a global energy-focused investment platform under the International Holding Company (IHC), to explore new power generation projects aimed at strengthening the UAE’s clean energy transition.
Under the collaboration, both entities will work together to expand EtihadWE’s energy portfolio with a focus on enhancing the reliability, efficiency, and sustainability of the regional power network. The partnership will support projects under EtihadWE’s Self-Generation Program, covering gas-based generation, renewable energy systems, and battery storage solutions.
As part of the agreement, EtihadWE and ePointZero will jointly evaluate potential project locations, investment structures, and financing models. ePointZero and its affiliated companies may also provide advanced technologies, engineering services, or specialized equipment to accelerate project implementation and ensure smooth integration with the national grid.
Eng. Yousif Ahmed Al Ali, CEO of EtihadWE, said the MoU reflects an important step toward modernizing the power system across the Emirates.
“This collaboration will help us enhance efficiency, drive decarbonisation, and ensure long-term energy reliability. Partnering with ePointZero brings together innovation and expertise to deliver clear benefits to our customers and communities,” he said.
Mohamed Hesham, CEO of ePointZero, noted that the partnership will contribute to strengthening energy resilience across the region.
“Together, we aim to build a new integrated model for generation, storage, and transmission — one that boosts local capacity and supports sustainable growth,” he stated.
The initiative will be overseen by EtihadWE’s subsidiary, Emirates Utilities Development Company (EUDC), which manages major infrastructure projects across the region.
Following feasibility studies and due diligence, the partnership may advance toward a Joint Development Agreement to formalise investment and implementation plans.
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