Saudi Aramco, DEWA ink deal to boost energy collaboration

State oil giant Saudi Aramco signed a memorandum of understanding (MoU) with Dubai Electricity & Water Authority (DEWA) to foster collaboration in power supply and demand management.

The MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence, the company said in a statement.

“Through this partnership, we are pursuing an exchange of experiences and best practices that will help both parties to leverage technology solutions and accelerate business growth and drive innovation in the energy sector,” Saudi Aramco VP Power Systems, Abdulkarim Al-Ghamdi, said.

“The MoU will help our efforts in digital transformation in the energy industry by applying effective technologies to enable operational efficiencies. The collaboration with DEWA will complement Saudi Aramco’s ongoing energy and technology initiatives,” Al-Ghamdi added.

Saudi Aramco is deploying smart control systems as part of the intelligent Power Center currently under construction. The center aims to enhance the effectiveness of power generation, transmission, distribution, and asset management through the implementation of latest real-time power management technologies.