Under the agreement, Emirates Water and Electricity Company will supply all ADNOC’s electricity demand beginning in January 2022.
This falls under ADNOC’s drive to decrease its greenhouse gas emissions by 25% by 2030 and the UAE’s initiative to have net zero emissions by 2050.
The deal is the largest of its kind in the hydrocarbons industry.
Cost of the agreement and amount of power that will be required were not disclosed.
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