Industrial Development Bureau of Abu Dhabi Department of Economic Development (DED) had launched an Electricity Tariff Incentive Program in the year 2019 in collaboration with Abu Dhabi Distribution Company (ADDC) and Al Ain Distribution Company (AADC) with an intention to encourage investment and expansion in the manufacturing sector and to contribute to Abu Dhabi's goal of promoting a competitive industrial sector.
The initiative will assist companies in:
This program was established to resolve some of the key issue faced by manufacturing sector in the emirate of Abu Dhabi. One of such issue is in relation to Electricity Tariffs, which is one of the major operational costs in the manufacture sector and the electricity tariff prices had an enormous increase in the past years, which created uncertainty in electricity prices and added unplanned extra expenses on the operations impacting the competitiveness of manufacturing entities.
This program is designed for 10 years from 2019 which helps manufacturers obtain reduced tariff based on the achievement of program objectives, thus lowering operating costs and can invest the savings towards R&D and further expansions.
Under this program, the manufacturers are eligible for discounted electricity tariffs under three slabs based on the ETIP scores (first category (C) with a ETIP score of ≥50 and <60, second one (B) with a score of ≥60 and <80 and the third one (A) with score of ≥ 80).
ETIP score is determined based on fulfilment of requirements under following criteria:
Key considerations for the manufacturing entities:
Further details can be found in link > http://idb.added.gov.ae/en/incentives/etip
Contact our team at [email protected] for assistance in obtaining ETIP certificate.
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