2019-11-25 12:45:00
UAE SOLAR POWER PLANT: 20 KM2
AN - Bids have been received for what is set to become the world's biggest solar power plant project covering 20 square kilometers of desert in Abu Dhabi.
It is being built by Emirates Water and Electricity Company (EWEC), a unit of Abu Dhabi Power Corporation (ADPower).
The bids cover the financing, construction, operation and maintenance of the 2 gigawatt project in the Al Dhafra region of Abu Dhabi.
The plant will be the world's largest solar PV IPP project, and provide up to 110,000 households across the UAE with electricity.
"This year, EWEC has already delivered the world's current largest single-site solar PV project, Noor Abu Dhabi, on time and on budget," said EWEC CEO Othman Al-Ali. "We continue to deliver on our ambitious sustainable generation program, and this new plant is integral to our strategic plan to deliver on the clean energy mix outlined by the UAE Energy Strategy 2050."
It will be almost double the size of EWEC's approximately 1.2 GW 'Noor Abu Dhabi' solar plant, the largest operational single-project solar PV plant in the world.
Once operational, the plant will lift Abu Dhabi's solar power capacity to around 3.2 GW, further reducing the emirate's CO2 emissions by more than 1.6 million metric tons per year, EWEC said in a statement.
As part of the tendering process issued in July 2019, an optional bid for significant battery storage was allowed.
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Earlier:
2019, November, 20, 11:45:00
UAE, AFRICA INVESTMENT
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received today at the Qasr Al Bahar, participants in the Africa Investment Summit, AIS, which is being hosted by the Abu Dhabi Investment Authority, ADIA, to increase dialogue between global investors and African financial and corporate entities. They were accompanied by H.H. Sheikh Hamed bin Zayed Al Nahyan, Managing Director of ADIA.
2019, November, 20, 11:40:00
UAE, MOZAMBIQUE OPPORTUNITIES
"Mozambique represents an increasingly important trading partner for Dubai and the UAE and this was an important platform to discuss how we can take our business relations to the next level," said Al Ghurair.
2019, November, 20, 11:35:00
UAE COMMITTED TO OPEC+
Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has re-affirmed the UAE's commitment to voluntary production adjustments under the agreement of the Organisation of Petroleum Exporting Countries and non-OPEC producers in support of the stability of the global oil market.
2019, November, 15, 14:15:00
UAE, EGYPT INVESTMENT PLATFORM $20 BLN
Sheikh Mohamed also announced the launch of a joint investment platform worth of $20 billion (Dh73,454,000,000) for implementing vital projects.
2019, November, 11, 12:45:00
UAE GDP GROWTH 2.5%
Following a challenging period, the economy is recovering. Non-oil growth could exceed 1 percent in 2019 and pick up to around 3 percent next year, the fastest since 2016, on the back of Expo 2020 and fiscal stimulus. Overall GDP growth would register 2.5 percent in 2020.
