Friday 28 July 2017

Developers 'eyeing ME renewable energy market'

With the cost disparity between solar and conventional electricity generation fast disappearing, several leading power plant developers are eyeing the Middle East renewable energy market in order to boost growth, said an expert.   Economic and environmental sustainability has


Mena plans $200bn investment in renewable sector

The Middle East and North Africa (Mena) region is embarking on a massive programme to develop renewable energy, that will require more than $200 billion in investment, a report said. More than 67GW of clean energy projects at various stages of the design and study stage, accordin


Adnoc in strategic Asia partnership talks

The Abu Dhabi National Oil Company (Adnoc) has started talks with potential Asian partners on new partnership and co-investment opportunities and active management of its portfolio of assets, said a report. Adnoc’s new initiative builds on its flexible operating model and i


UAE fund to build power plant in Guinea

Abu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of  Dh66 million ($18 million). The centre will bolster energy control efforts, hel


Opec oil ministers set for crucial Russia meeting

Oil ministers of Organization of the Petroleum Exporting Countries (Opec) will be meeting their counterparts from the non-Opec countries in Saint Petersburg in Russia on tomorrow to assess conformity with a recent output cut resolution, said the Emirati news agency Wam, citing Kuwait's oil


Siemens JV wins big Indonesia power plant order

German engineering company Siemens said its joint venture with Spain's Gamesa has won an order to supply  20 gearless SWT-3.6-130 wind turbines for an onshore wind power plant projet in Indonesia. The ‘Tolo 1’ onshore wind project is being developed by Equis


Utico signs 10-year purchase deal with Fewa

UAE-based Utico, the Middle East’s largest private utility, has signed a 10-year agreement with the Federal Water and Electricity Authority (Fewa) to serve the Northern Emirates, under a world’s first purchase contract model, a report said.   The agreement which a


Himoinsa develops new control units for gas-powered gensets

Spain-based Himoinsa, a global corporation that designs, manufactures and distributes power generation equipment worldwide, has developed new control units for gas powered generator sets. The new controllers have been programmed with a special start-up and stop sequence to ensure


MOL partners with Evonik, thyssenkrupp for propylene oxide

Hungary-based MOL Group, an integrated, international oil and gas company, has signed license agreements with Evonik and thyssenkrupp, enabling it to produce propylene oxide, a key component for the production of polyether polyols. Germany’s Evonik is one of the world leade


Borouge to highlight innovative solutions at summit

Abu Dhabi-based Borouge, a leading provider of innovative value creating plastics solutions, will highlight how the company, using innovation as an integral part of its business, delivers new solutions to meet the evolving market demands, at the upcoming Abu Dhabi International Downstream Summi

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