June 26, 2019

LONDON, 25th June, 2019 (WAM) -- Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, participated, today, in the inaugural 'Bloomberg Emerging and Frontier Forum', which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets.

Speaking during the day-long forum which was opened by Michael Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies, Dr. Al Jaber began his remarks by noting that stability and energy security are paramount to economic growth.

'As"...

June 22, 2019

A high-level delegation from Abu Dhabi Fund for Development (ADFD), the national entity for international development aid, has participated in the inaugural ceremony of a AED771 million ($210 million) petroleum storage facilities project in Jordan.

Fully financed by ADFD, the funding was made as part of the UAE government’s contribution of AED4.6 billion in 2013 to the Gulf Development Fund – an AED5 billion programme of the GCC member countries to finance development projects in Jordan.

With a holding capacity of 356,000 tonnes, the project includes the"...

June 18, 2019

Global oil giant Adnoc and Dutch chemical major OCI announced on Monday a strategic partnership to create a regional fertiliser powerhouse.

The new partnership will see the Abu Dhabi-based oil company combining its fertiliser business, Adnoc Fertilizers, with OCI's regional nitrogen fertiliser platform to form a new joint venture.

The JV will become the largest export-focused nitrogen fertiliser platform globally and the largest producer in the Mena region with a production capacity of 5 million tonnes of urea and 1.5 million tonnes of ammonia, partners said.

June 16, 2019

Dubai Electricity and Water Authority (DEWA) on Saturday said it has issued a tender for the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

Under the tender, the fifth phase will provide 900 megawatts (MW) of electricity using photovoltaic solar panels, based on the independent power project (IPP) model.

The move supports the objectives of the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power output from clean energy by 2050.

The deadline to"...

June 15, 2019

(WAM) -- Eleven million people were employed in renewable energy worldwide in 2018 according to the latest analysis by the International Renewable Energy Agency, IRENA. This compares with 10.3 million in 2017.

As more and more countries manufacture, trade, and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables jobs grew to their highest level despite slower growth in key renewable energy markets including China.

The diversification of the renewable energy supply chain is changing the sector’s"...

June 15, 2019

DUBAI,14th June 2019 (WAM) - The European Foundation for Quality Management (EFQM) has selected Dubai Electricity and Water Authority (DEWA), as one of the organisations that will test the EFQM Model 2020. DEWA organised a workshop to discuss the updated model with its staff.

Isra'a Mobideen, EFQM Middle East Office Manager, and some of DEWA’s management took part in the workshop at the DEWA Campus for Occupational and Academic Development.

Saeed Mohammed Al Tayer, MD & CEO of DEWA, commended EFQM’s development of sustainable excellence standards"...

June 13, 2019

A high-profile delegation from the Abu Dhabi Department of Energy, DoE, led by the DoE’s Chairman Awaidha Murshed Al Marar, is visiting the Australian state of Victoria this week to expand cooperation and reinforce strategic partnerships in energy between Abu Dhabi and other countries of the world.

The visit will see the delegation meet with officials from the Government of the State of Victoria and senior executives from the state’s energy regulatory institutions, most prominent of which is Australian Energy Regulator, the Energy Efficiency Council, and Australia Energy Market Operator.

The"...

June 13, 2019

Refined oil product stockpiles at the UAE’s East Coast Port of Fujairah fell to a four-week low as of Monday 10th June, amid muted trading during the Eid-al-Fitr holidays last week, according to data released today, Wednesday, by the Fujairah Oil Industry Zone.

Total inventories at the Middle East bunkering hub dropped 0.5 percent over the past week to 23.889 million barrels, the lowest level since 13th May, data compiled by S&P Global Platts showed. While stockpiles have slipped for two weeks in a row, the total is still up 38 percent since the end of last year.

In"...

June 10, 2019

China’s Shanghai Electric Power (SEP) will acquire K-Electronic from embattled private equity firm Abraaj Group in the second half of 2019, according to media reports.

According to Pakistan’s Express Tribune, the deal – which was signed in October 2016 at $1.77 billion – is now likely to be implemented after Pakistan’s National Electric Power Regulatory Authority (NEPRA) revised the power tariff upward.

“Naturally, this should sleep up the transactions, which has been pending for around three years now,” K-Electric chairman"...

June 10, 2019

Floating solar photovoltaic plants could soon be built in the Arabian Gulf.

Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) for consultants to study, develop and construct the plants.

Saeed Mohammed Al Tayer, MD and CEO of DEWA, said: “Floating photovoltaic systems are one of the most prominent emerging technologies that rely on installing solar photovoltaic systems directly above water.”

The consultancy services include a feasibility study,"...