MEED announce H.H. Sheikh Diab bin Zayed Al ... - MEED Events
MEED announce H.H. Sheikh Diab bin Zayed Al ... - MEED Events
MEED announce H.H. Sheikh Diab bin Zayed Al ... - MEED Events
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FOR IMMEDIATE RELEASE<br />
<strong>MEED</strong> <strong>announce</strong> H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan<br />
the winner of the “Arabian Energy & Water Industry<br />
Leadership Award”<br />
After due consideration and consultation with its customers in power and water, <strong>MEED</strong><br />
has <strong>announce</strong>d that the winner of its debut Arabian Energy & Water Industry Leadership<br />
Award will be H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan, Chairman of the Abu Dhabi Water<br />
& Electricity Authority (ADWEA).<br />
The award is <strong>MEED</strong>’s highest honour and is awarded to those who have exhibited vision,<br />
made lasting contributions to the power and water Industry and inspired and directed<br />
industry members to accomplish its goals.<br />
The award will be presented at <strong>MEED</strong>’s Arabian Power & Water Summit (APWS) taking<br />
place on 29 th – 31 st March 2010 in Abu Dhabi. <strong>MEED</strong>’s APWS is the largest and most<br />
important gathering of business people and government officials in the region<br />
addressing the challenge of ensuring the countries of the GCC have sustainable longterm<br />
capacity to deliver electricity, water and water reuse services.<br />
The Abu Dhabi Water & Electricity Authority (ADWEA) has, for more than a decade,<br />
transformed the way large electricity and water desalination facilities are financed,<br />
developed and operated. After adopting a clear and concise privatisation strategy,<br />
ADWEA has led the creation of Independent Water and Power Producers (IWPP) where<br />
partnership agreements are made between ADWEA and a number of international<br />
companies to establish the IWPP, whereas ADWEA holds a 60% share of these, and 40%<br />
ownership is held by the foreign investor. Through its privatization program, ADWEA<br />
succeeded to bring in AED 65 billion of foreign investments to produce more than<br />
13,000 Megawatt of electricity and 823 million imperial gallon of water daily.<br />
A spokesperson from ADWEA commented, “H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan is<br />
pleased to accept the honour and receive this high accolade which he considers an<br />
indication on the success of the Government of Abu Dhabi’s strategy in adopting the<br />
privatization of the water and power sector as a strategic choice; the success of the<br />
privatization programme comes as a result of the directives of HH Shaikh Khalifa Bin<br />
<strong>Zayed</strong> <strong>Al</strong> Nahyan, UAE President, and the continuous follow up of HH Shaikh<br />
Mohammed Bin <strong>Zayed</strong> <strong>Al</strong> Nahyan, Crown Prince of Abu Dhabi Deputy Supreme<br />
Commander of the UAE Armed Forces Chairman of the Executive Council”. The<br />
spokesperson also said that ADWEA would like to thank its partners who have helped to
move Abu Dhabi power and water infrastructure forward over the last ten years. We<br />
live in unparalleled times of success and prosperity. ADWEA has significantly worked<br />
through the last decade to increase production from 200 million gallons water per day in<br />
1999 to reach to more than 823 million gallons water per day, and from producing 3,000<br />
MW to more than 13,000 MW electricity, which makes Abu Dhabi the only city in the<br />
region that does not face any shortage in water and electricity production.<br />
<strong>MEED</strong> also added that under the distinguished leadership of H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong><br />
<strong>Al</strong> Nahyan, ADWEA have been working in line with the Government of Abu Dhabi<br />
Strategy with regards to the water and electricity sector, including introducing an<br />
ambitious programme for privatization which attracts leading international firms and<br />
banks, as well as local, regional and international investors and financiers. ADWEA has<br />
also been entering into agreements with international legal, financing and technical<br />
consultants<br />
H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan and ADWEA have addressed a host of challenges,<br />
including regional change and global economic turbulence, with consistency and the<br />
highest standards of professional competence. The authority is a vital source of<br />
electricity to other parts of the UAE and is making a key contribution to the<br />
development of a technically-qualified and highly-motivated national workforce. It is<br />
tackling future challenges through careful planning, effective long-term investment in<br />
capacity, action to reduce waste and increase efficiency and an appetite for new<br />
technology, including the benefits that renewable energy can bring to the people of Abu<br />
Dhabi and the UAE.<br />
“H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan has been central to the progress of power and water<br />
developments in Abu Dhabi”, the spokesperson concluded, “Abu Dhabi Water & Electricity<br />
Authority sets a template in adopting and introducing digital management systems<br />
throughout its several directorates, moving ADWEA from being a traditional government<br />
department to an electronic one. H.H. <strong>Sheikh</strong> <strong>Diab</strong> <strong>bin</strong> <strong>Zayed</strong> <strong>Al</strong> Nahyan and ADWEA have<br />
set the benchmark for excellence that is defining the future of water and power strategy.”<br />
Abu Dhabi Water & Electricity Authority has been implementing its privatization<br />
programme since its foundation in 1999. The programme resulted in having nine strategic<br />
projects being executed in partnerships with international firms. ADWEA privatization<br />
programme has become the model to other GCC and Arabic water and electricity<br />
companies keen to learn from ADWEA experience and achievements in this field.<br />
For more information and to secure a place at Arabian Power and Water Summit 2010<br />
contact:<br />
<strong>MEED</strong> customer services team on +9714 390 0049, www.arabianpowerandwater.com<br />
or email events@meed.com.
Notes to Editors<br />
Ends<br />
Since November 2007, <strong>MEED</strong> is no longer referred to as the ‘Middle East Economic<br />
Digest’, but as the leading source of business intelligence in the Middle East.<br />
Please delete ‘Middle East Economic Digest’ from any reference points and refrain from<br />
using this term in any press coverage.<br />
About <strong>MEED</strong><br />
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For additional information please contact:<br />
Claire Stapley<br />
Managing Partner<br />
Siren Consulting<br />
Tel: +971 4 321 5351<br />
claire@sirenconsulting.com