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Abu Dhabi has expanded its electricity tariffs incentive programme (ETIP) to include small and medium enterprises (SMEs) in the industrial sector, according to The Abu Dhabi Economic Development Department (ADDED).
The ETIP provides preferred electricity tariffs for qualified businesses in the UAE capital, in line with the Abu Dhabi Development Accelerators Programme, Ghadan 21.
It seeks to reduce operational costs and boost productivity of beneficiary companies, particularly those that have factories in the emirate. The programme has so far granted some 610 million dirhams ($166 million) in benefits and incentives to manufacturers.
In a statement on Tuesday, ADDED Undersecretary Rashid Abdul Karim Al Blooshi said the government wants to raise the awareness among businesses about energy management and sustainability standards in order to boost their GDP contributions.
Aside from cutting operational costs and increasing productivity, he said the ETIP also seeks to encourage technological transformation and “raise the efficiency of energy use”.
“ETIP is aligned with the vision and mission of the Abu Dhabi government, which aims to enhance the emirate’s competitiveness globally, as well as creating new investment opportunities that support the emirate’s local economy,” Al Blooshi added.
Those who can avail themselves of the programme are industrial entities that have obtained production/operational license from ADDED at least six months ago.
(Writing by Cleofe Maceda; editing by Daniel Luiz )
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