General – Decarbonization
JERA has entered into a Memorandum of Understanding with Abu Dhabi National Energy (TAQA), that will see both parties explore opportunities to work closely together to develop projects in the area of decarbonization.
TAQA and JERA have a long-standing working relationship, having previously collaborated on the Umm Al Nar Independent Power and Water Plant (IWPP) project in 2003. This MOU will open up opportunities for collaboration between TAQA and JERA through the joint development of zero-emission thermal power projects and other green projects, mainly in the Middle East region, and will contribute to the expansion of business opportunities for both companies.
Yukio Kani, Vice president, JERA, said: “We are very pleased with this partnership. I believe we have same purpose and culture, that is “very open minded”. We are always open to new and innovative ideas and challenges, and even if we fail, we can turn around and start again, then we can grow quickly together. “
Jasim Husain Thabet, Group Chief Executive Officer and Managing Director of TAQA, said: “In line with our commitment to expand our power and water capacity across the UAE and globally, this collaboration with JERA will combine the world-class capabilities of both companies. Together, we will look into the development and operation of utility assets to deliver low or zero-emission power solutions that can meet future energy requirements and support international efforts for decarbonization. We look forward to working closely with our new partner to discover and realize opportunities across the MENA region and further cement TAQA’s position as a low carbon power and water champion.”
