RWE Technology and Dubai Electricity and Water Authority establish joint venture in Dubai (BILD)

Essen (ots) -

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RWE Technology GmbH, a company within the RWE Group that
specialises in building power plants, and the state-run Dubai
Electricity and Water Authority (DEWA) have established a joint
venture. On 22 October 2012, Member of the RWE Executive Board
Leonhard Birnbaum, RWE Technology CEO Michael Fübi and DEWA CEO/MD
H.E. Saeed Mohammed Al Tayer signed the agreement in Dubai.

Over the next four years, the two partners in the joint venture
intend to develop the leading service company for energy consulting
in the region. RWE Technology GmbH will provide its expertise as an
international project and engineering specialist in the power plant
sector. Its capabilities include project management and
implementation, international sourcing of major components, and
quality assurance. As the public energy and water utility of the
Emirate of Dubai, DEWA has access to markets in the Middle East,
particularly in the United Arab Emirates. It will therefore take
responsibility within the joint venture for the areas of marketing,
sales and local procurement.

"The Middle East and also North Africa are interesting and growing
markets for RWE Technology's engineering business. DEWA and RWE
Technology complement each other with their services and we see major
advantages in developing these markets together with DEWA," commented
Executive Board member Birnbaum at the signing. He said he was
pleased and proud that RWE has now taken on DEWA as a partner.

"With DEWA at our side, we will both enjoy success. The joint
venture plans to offer comprehensive energy consulting services not
only to energy suppliers and major industrial enterprises in the
region, but also to government authorities, private investors and
developers," noted RWE Technology CEO Fübi.

The CEO of DEWA, Al Tayer, was likewise pleased to see the new
undertaking get off the ground. "We are convinced that RWE is the
right partner to assist us in making an important contribution to
more efficient and eco-friendly energy supply in the Middle East,"
said Al Tayer. With its strong and stable economy, Dubai in
particular is in a position to set standards in energy supply, he
continued. The Gulf States such as Saudi Arabia, Qatar and the United
Arab Emirates are investing billions in new industries and
infrastructure. Energy needs have hence risen rapidly in recent
years. To meet this demand, power plant capacities will have to be
doubled in the next few years.

Please direct enquiries to:
Harald Fletcher
RWE Technology GmbH
Head of Communications
T +49 201 12 22852