Emirates Global Aluminium (EGA) and Dubai Natural Gas Company (DUGAS) have put pen to paper on a landmark agreement.
Under the terms of the arrangement, EGA will generate the electricity required for industrial operations at DUGAS.
EGA is the third-largest electricity generator in the UAE after the Dubai and Abu Dhabi utilities – its power plant in Jebel Ali has a capacity of 2,350MW.
State-held news agency Wam reports that the agreement is the first one wherein EGA will supply another company with all its power requirements.
Abdulla Kalban, EGA managing director and CEO said, “EGA and the DUGAS operate two of the largest industrial facilities in Dubai and this agreement makes the combined use of natural gas for power generation more efficient.
“This is in line with the goals of the Dubai Plan 2021 and the UAE Vision 2021 to promote the sustainable use of resources, and also creates a new commercial opportunity for EGA.”
Saif Humaid Al Falasi, ENOC Group CEO, added: “As a leading industry player, we are committed to identifying avenues for operational efficiency, resource management and cost optimisation.
“Our agreement with EGA is a collaboration that exemplifies our true spirit of promoting stewardship and innovation. This agreement will strengthen both our businesses for the years ahead and enable us to deliver on our mandate to meet the UAE’s energy needs.”