Friday , 24 November 2017

Energy & Power Generation

Abu Dhabi ADWEA seeks to reduce energy consumption by 20% by 2030

Abu Dhabi Water and Electricity Authority is seeking to be among the world’s leading providers of water and electricity by 2020. ABU DHABI – The Abu Dhabi Water and Electricity Authority, ADWEA, said its Demand Side Management programme (Tarsheed), seeks a 20 percent reduction in water and electricity consumption by the year 2030, Abdullah Ali Musleh Al Ahbabi, Chairman of …

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WGES 2017: Dubai’s National Bonds signs $653 mln deal to finance clean energy projects

Dubai Electricity and Water Authority (DEWA) on Tuesday signed an agreement with National Bonds to set up a 2.4 billion UAE dirham ($653.4 million) green fund at the World Green Economy Summit (WGES) that opened in Dubai today. “The fund will also be the first major green fund that will have a dedicated arm for Sharia-compliant investments,” Saeed Mohammed Al …

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EXCLUSIVE-Saudi Aramco advisers favour London for historic IPO – sources

Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters. A final decision on the venue for what is expected to be the world’s biggest IPO and is targeted to raise $100 billion will be taken by Crown Prince Mohammad …

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Backing of workers, communities key to Libya’s oil revival

When the head of Libya’s state energy company visited Sharara oil field in early July, community leaders and workers crowded into a conference room to ask about jobs, training and services for local people. When, they asked, would their villages start to see the benefit of the country’s rising oil production “You’ve been very patient,” Mustafa Sanalla reassured them, before …

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Abu Dhabi to host IAEA Nuclear Power Conference

The Ministry of Energy has announced that the UAE will host the upcoming IAEA International Ministerial Conference on Nuclear Power in the 21st Century, taking place in Abu Dhabi from 30th October to 1st November. The conference is being organised by the International Atomic Energy Agency (IAEA) in cooperation with the Nuclear Energy Agency (OECD/NEA) and hosted under the patronage …

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Saudi Aramco gets approval to set up companies for energy industrial city

Saudi Aramco received the approval of the Saudi government to set up two new companies that will develop and operate a new Energy Industrial City in Saudi Arabia, as the kingdom seeks to expand its industrial base, state news agency SPA reported on Monday. The city will be developed over 50-square km of land in the oil producing region, SPA …

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GE Power Highlights New Era of Energy Efficiency and Productivity at Middle East and Pakistan Roadshows

GE Power kicked off a series of roadshows and meetings across the Middle East and Pakistan today to demonstrate path-breaking digital industrial solutions that are unlocking a new era of energy efficiency and flexibility, leading to significant cost savings for the power generation sector. The events will be held in Dubai, Muscat, Islamabad and other locations in the coming weeks. …

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Project for solar-powered electric boat transport in the Middle East and North Africa receives US$1 million UN Energy Grant

The project “Solar Fuelled Electric Maritime Mobility” by SINTEF, an independent non-profit research institute based in Norway, seeks to demonstrate the feasibility and the social, economic and environmental benefits of solar-fuelled electric boat transport in Tunisia and the wider region Furthermore, the project will conduct capacity development workshops for Tunisian and other regional stakeholders. A partnership working to promote solar-powered …

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ICIEC Facilitates the Development of Renewable Energy Projects

Marrakech — The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), as a multilateral credit and political risk insurance corporation, plays a catalytic role in facilitating Renewable Energy projects in its member countries. On the margins of COP22, which took place in Marrakech, Morocco, on November 15, 2016, ICIEC organized a high panel discussion (HPD) under the …

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Bahrain’s Diversification Away from a Hydrocarbon-dependent Economy Through Embracing Tech

Despite having weathered the 2008 global economic crisis comparatively well, GCC economies, still heavily hydrocarbon-dependent, have showed signs of strain in recent months, as oil prices have slumped. Bahrain is perhaps rather more sensitive to regional economic pressures than some of its more oil-rich neighbours, as highlighted by the recent downgrades by ratings agencies. Governments across the region are taking …

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