Wednesday 20 November 2019

UAE aiming to shape future, says Dewa CEO

The UAE now aims to shape the future, and not just anticipate it, said Saeed Mohammed Al Tayer, the managing director and chief executive of Dubai Electricity and Water Authority (Dewa), in his keynote address at the first World Excellence Summit today (November 20). Al Tayer sai


Bill Gates says will back energy ventures despite failures

The world’s richest man Bill Gates said the energy ventures supported by him risked a 50 percent failure, still he wanted to encourage innovations, said a report. He was answering a question about the venture of Heliogen, a California-based company, which invented a technol


Prysmian Group completes delivery of 3 major HVDC projects

Prysmian Group, a global leader in the energy and telecom cable systems industry, has announced the successful completion and delivery of three major high voltage direct current (HVDC) projects in 10 days for a total value of over €1 billion ($1.10 billion), proving its solid project execu


KBR wins $23.7m base ops services contract in Bahrain

KBR announced today it has been awarded a $23.7-million contract modification by Naval Facilities Engineering Command, Europe, Africa and Southwest Asia (Navfac EURAFSWA) to provide base operations support services at Shaikh Isa Air Base in Bahrain.   This 12-mo


Bee'ah's green mobility venture starts UAE operations

UAE-based sustainable transport company ION, a joint venture between leading integrated environment and waste management company Bee’ah and Crescent Enterprises, has now set up operations in Abu Dhabi, Dubai and Sharjah. The first-ever green mobility solutions provider of i


UAE 'committed' to Opec deal to ensure market balance

The UAE will continue to deliver on the Opec and Non-Opec commitment for voluntary production adjustments until the global market is re-balanced, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. Al Mazrouei affirmed the UAE is working in


Mideast switchgear market revenues up 2.7pc by 2025

Medium-voltage switchgear market revenue in the Middle East region is poised for solid growth over the next five years with a CAGR of 2.7 per cent, thanks to booming infrastructure, construction and manufacturing sectors, said a report by 6Wresearch. In the Middle East region, ga


Enoc Group, GoAir sign aviation fuel supply agreement

GoAir, India’s fastest growing airline, has signed an aviation fuel supply agreement with UAE’s Enoc Group. Through the agreement, Enoc will provide Go Air with jet fuel supply at Dubai International Airport for their fleet of commercial airplanes, said a statement.


Acwa consortium in financial close for $800m UAQ plant

Acwa Power, a leader in power generation and water desalination plants, said its consortium with  MDC Power Holding Company, an entity fully-owned by Mubadala Investment Company, along with the Federal Electricity and Water Authority (Fewa), has achieved the financial closure for an indepe


GCC to create 200,000 solar power jobs by 2030

The GCC will have 40GW of utility-scale PV projects and nearly 200,000 solar power jobs, said the International Renewable Energy Agency (Irena) ahead of the Solar Expo & Forum, a leading solar marketplace, in Abu Dhabi, UAE.  Solar careers in 2030 will include 124,000 so

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