Dubal invests in Dubai’s first solar park
Dubai, December 18, 2012
Dubai Aluminium (Dubal), a leading global aluminium smelter, is investing Dh20 million ($5.44 million) in the Sheikh Mohammed bin Rashid Solar Park announced by the Dubai Supreme Council of Energy (DSCE).
Phase I of the Sheikh Mohammed bin Rashid Solar Park will yield 10 MW by 2013 and the project will be scaled-up in successive phases to produce 1,000 MW by 2030, a statement said.
Dubal is also participating in a feasibility study relating to the establishment of clean coal-fired power stations in the UAE.
“At Dubal, we are acutely aware of our corporate responsibilities towards the environment and society. By closely monitoring and continually striving for improvements in our energy consumption levels, we aim to minimise the combustion of fossil fuels by our operations and the associated emissions into the atmosphere,” said Abdulla Kalban, president and CEO.
“Dubai’s investment in renewable energy sources offers an important opportunity to achieve Dubal’s corporate goals in this area, while contributing to the overall sustainability of our nation.
“In the longer-term, it should also help Dubal reduce the energy component of our production costs, which can account for up to 30 per cent; and offer greater security in terms of energy-availability,” he added. – TradeArabia News Service