The Power Construction Corporation of China (POWERCHINA) and Al-Farabi Kazakh National University in Almaty, Kazakhstan, recently signed an agreement to establish a framework for industry-academia-research cooperation, aiming to innovate collaboration in technological innovation.Since 2008, POWERCHINA has signed 26 projects in Kazakhstan with a volume of over US$ 5 billion, including the upgrade of the Almaty Coal-fired Combined Heat and Power (CHP) Plant 2, which will drive the local energy structure’s transformation.Their new agreement is to support energy transformation for a cleaner almaty. In alignment with its “carbon neutrality by 2060” strategy, Kazakhstan has been focusing on developing new energy in…
Author: Chitrika
Over the past 10 days, as numbers have continued to pour out from the listed players from China’s formidable solar sector, the impact of the low solar module prices seen over the past two quarters and more is clearly visible on their earnings as well. Even as volumes have grown in many cases, revenues have failed to not just keep pace, with some firms even slipping into losses. A far cry from the bumper profits of Fy22-23. Of course, the first quarter tends to be a slow quarter in any case for installations due to winter in some of the…
Dubai, United Arab Emirates-based AMEA Power, one of the renewable energy companies in the Middle East, announced the setting up of the 120MWp Kairouan Solar Photovoltaic Project in Tunisia.The ceremony was attended by Fatma Thabet Chiboub, Minister of Industry, Mines and Energy of Tunisia; Eman Ahmed Al Salami, UAE Ambassador to Tunisia; Faiçal Tarifa, General Director of STEG and Mr. Hussain Al Nowais, Chairman of AMEA Power.The 120 MWp Kaioruan Solar PV project is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and fully owned by AMEA Power. The project will be built under a Build-Own-Operate…
Larsen & Toubro (L&T) a power transmission and distribution (PT&D) business won multiple orders abroad. The company has bagged orders in the Middle East. L&T received the order for integrating its multiple standalone electricity networks into a 400 kV national grid in Oman. As part of the interconnection and grid strengthening, PT&D has received orders to build a 400 kV Overhead Transmission Line and two 400 kV Grid Stations. In the United Arab Emirates, the business has secured orders to construct two 132 kV Substations with associated works. Commenting on the development, T Madhava Das, Whole-Time Director & Sr Executive…
AMEA Power, a renewable energy company based in the UAE, announced that it has signed a 20-year Power Purchase Agreement (PPA) with Eskom, a South African utility company, for the 120 megawatts (MW) Doornhoek Solar Photovoltaic (PV) Project.The UAE project was awarded to a consortium formed by AMEA Power and local partners under Bid Window 6 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the company said in a press statement.AMEA Power is the majority shareholder in the $D120 million solar PV project and has partnered with Ziyanda Energy and Dzimuzwo Consulting, wholly owned by African women.The project…
Prime Minister of Egypt, Moustafa Madbouli recently inked two land hand-over minutes to implement two projects. These deals were undertaken to establish stations for generating electricity from wind energy in the west of Sohag, Upper Egypt. This deal was signed in the presence of Electricity Minister Mohamed Shaker and Norwegian Ambassador to Egypt Hilde Klemetsdal. Madbouli asserted that the government seeks to increase the use of new and renewable energy resources. These projects are undertaken to encourage investments in this promising field to contribute to reducing the use of fossil fuel and carbon emissions and achieving sustainable development goals. Both projects have a production capacity of 8 gigawatts of wind energy in…
Engineer Kamal bin Ahmed Mohammed, chairman of Gulf Petrochemical Industries Company (GPIC) board of directors, inaugurated company’s solar energy project in Bahrain. This project is the company’s latest milestone in energy sustainability. It’s part of the company’s wider strategy to reduce its carbon footprint and is in support of the Kingdom’s carbon neutrality aspirations. The new project was established by installing solar panels on the roof of the employee car park to make the most of the Kingdom’s pleasant weather conditions and as an abundant renewable energy resource, which is an important step on its path to sustainability.During the official…
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, signed an agreement with Bapco Energies. This integrated energy company jointly explore the development and investment in wind projects in the Kingdom with a capacity of up to 2 gigawatts (GW).Marking a strategic entry into the Bahrain market for the UAE’s clean energy champion, the agreement for near-shore and offshore wind farms. This will be Masdar Kingdom’s first project of its kind in the region and the Middle East. At up to 2GW, this clean energy project in collaboration will support the Kingdom of Bahrain to accelerate…
The Asian Development Bank (ADB) recently signed a $121.55 million financing package with Dynamic Sun Energy Private Limited. This collaboration is undertaken to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, Bangladesh. The plant is the country’s first private sector utility-scale solar facility to secure support from global financiers. ADB arranged, structured, and syndicated the debt package as the sole mandated lead arranger and bookrunner. The financing package comprises a $46.75 million loan from ADB, a syndicated B-loan of $28.05 million from ILX Fund I, an Amsterdam-based emerging market private credit fund focused on supporting…
The Qatar General Electricity and Water Corporation “Kahramaa” recently shared its plans to launch its Qatar National Renewable Energy Strategy (QNRES). Qatar is one of the leading exporters of Liquified Natural Gas (LNG) and relies heavily on thermal sources of energy to cater its electricity demands. As per the strategy prepared by the authority, it has planned to increase the share of renewable energy in the country from the existing 5 percent to 18 percent by 2030. The QNRES also plans to increase large-scale renewable power generation to about 4 GW by 2030. QNRES recommended the installation of distributed solar generation up…