October 3rd, 2019 | 0 commentsThe Arab Organization for Industrialization (AOI) and Elsewedy Electrometer signed a protocol for cooperation and partnership in various industrial areas. Both entities agreed to exchange technical experiences and cooperate to execute infrastructure, solar power, and electronic projects in the local market and in Africa, head of AOI Abdel...
September 30th, 2019 | 0 commentsAbu Dhabi National Energy (Taqa), listed on the Abu Dhabi Securities Exchange (ADX), announced the completion of $500 million senior unsecured notes issuance. The notes will carry a coupon and a re-offer yield at a rate of 4% to maturity in October 2049, Taqa said in a filing to the ADX on Sunday. “The proceeds of the offering will be use...
September 24th, 2019 | 0 commentsEgypt is currently considering increasing the contribution of renewable energy to its energy mix to 47% by 2035, Akhbar El-Yom reported on Monday, citing the country’s minister of electricity Mohamed Shaker as saying. The North African nation currently works with an international house of expertise to set a strategy that aims to boost the...
September 19th, 2019 | 0 commentsEgyptian Ministry of Electricity and Renewable Energy is planning to launch a 50 megawatts photovoltaic (PV) power plant in Zaafarana. The project will be funded by a EUR 50 million soft loan from Germany’s KfW bank, according to a statement released on Wednesday. The new plant came in line with the efforts exerted towards the realisation...
September 13th, 2019 | 0 commentsACWA Power is planning to expand in 46 countries by 2030, chairman, Mohammad Abunayyan, stated on Thursday, according to the company’s Twitter account. The company also has plans to increase production capacity to 150 gigawatts of electricity and 15 million cubic metres of desalinated water per day, the top official added on the side line...
September 12th, 2019 | 0 commentsManaging director and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer revealed that the authority has investments of over AED 86 billion over the next five years to meet the accelerating demand for electricity and water in the emirate. Al Tayer also noted that the state plans to lead the global efforts in the c...
September 12th, 2019 | 0 commentsThe Saudi Electricity Company’s subsidiary Principal Buyer is currently looking for investment opportunities in the UAE, the Saudi company announced on the sidelines of the 24th World Energy Congress. Principal Buyer has discussed with Emirates Water and Electricity Company (EWEC) areas of mutual collaboration and experience exchange in t...
September 12th, 2019 | 0 commentsSaudi Arabia’s Acwa Power Company is in talks with Public Investment Fund of Saudi Arabia (PIF) to increase the fund’s stake in the company to 35% from 25%, Acwa’s chairman, Mohammad Abdullah Abunayyan, stated on Wednesday during an interview with Al Arabiya. PIF’s investments in Acwa include 15% direct investments and 10% stake of a subs...
September 11th, 2019 | 0 commentsThe National Central Cooling Company (Tabreed), listed on the Dubai Financial Market (DFM), plans to expand its footprint in Egypt and India, Al-Ittihad Newspaper reported. The company also considers implementing new projects in the GCC region, particularly Kuwait, Tabreed’s CEO Bader Saeed Al Lamki said. Al Lamki indicated that Tabreed n...
September 11th, 2019 | 0 commentsNational Central Cooling Company (Tabreed), a district cooling developer in the UAE, on Tuesday announced it has become the first district cooling company in the region to receive the International Organization for Standardization (ISO) 50001:2018 certification. Tabreed has been certified under the revised version of the ISO 50001 standar...
