‘Abu Dhabi Energy Services Company’ to accelerate the growth of energy
and water services companies and enhance sustainability in Abu Dhabi’

Abu Dhabi, UAE – 15 January 2020: Abu Dhabi Power Corporation (ADPower)
announced, today, the launch of Abu Dhabi Energy Services Company (ADES). The
the new company will form part of ADPower’s portfolio of companies working towards the
transformation of Abu Dhabi’s water and electricity sector.

In line with Abu Dhabi’s Demand Side Management and Energy Rationalization
Strategy 2030, the company intends to enable the retrofitting of existing buildings to
help reduce their energy and water consumption. Abu Dhabi Energy Services Company
will initially focus on identifying, sourcing and funding solutions that can deliver tangible
reductions in both energy and water usage.

Jasim Husain Thabet, CEO and Managing Director of ADPower, said: “We are pleased
to launch Abu Dhabi Energy Services Company, which aims to support the growth of
the energy services market and meet the increasing need for energy-efficient solutions
in the Emirate. In line with our continuing commitment to furthering Abu Dhabi’s
sustainability agenda, the establishment of ADES will serve as an important milestone
in ADPower’s mandate to transform the Emirate’s water and electricity sector.

“By remaining focused on implementing sustainable solutions for our broad base of
customers, we will continue to ensure that the sector remains efficient, reliable, value-
generating and fit for Abu Dhabi’s future,” he added.

Headquartered in Abu Dhabi, the new company’s initiatives are expected to drive the
growth of the local energy services market by providing greater opportunities for private-
sector entities to participate in the implementation of efficiency projects across the
Emirate.

About Abu Dhabi Power Corporation

Abu Dhabi Power Corporation (ADPower) is a public joint-stock company overseeing
the financial and operational performance of Abu Dhabi’s water and electricity sector.
ADPower’s subsidiaries include Emirates Water and Electricity Company (EWEC), Abu
Dhabi Transmission and Despatch Company (TRANSCO), Abu Dhabi Distribution
Company (ADDC), Al Ain Distribution Company (AADC), Al Mirfa Power Company
(AMPC) and the ADX-listed Abu Dhabi National Energy Company (TAQA). ADPower is
mandated with the transformation of Abu Dhabi’s water and electricity sector into a reliable, efficient, sustainable, value-generating system that is fit for the future.