JERA has entered into a memorandum of understanding (MOU) with utility Abu Dhabi National Energy Company PJSC (TAQA) to explore opportunities to develop projects in the area of decarbonization.
JERA has established a subsidiary in Dubai, UAE, with a view of development of businesses in a wider range of fields, including large-scale renewable energy projects and green fuel production projects.
The company has been in talks with partners in the Middle East region with a view to expanding its development of its decarbonization business.
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.
JERA vice president Yukio Kani 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 added: “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.”