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TAQA and THEOLIA: Strategic partnership in Morocco
Sharjah ruler issues decree on SEWA
UAE per capita water consumption 550 litres per day: survey
Taqa plans US$5bn acquisitions this year
Dewa bonds at 125bps above Eibor
GCC Grid Phase I to come online in 2009
TAQA joins the MIT Industrial Liaison Programme
UAE officially joins GCC power grid
Abu Dhabi’s water conservation plans
ADWEA unveils new projects
Temporary power sector to grow by 25%
Number of electricity consumers rises by 19%
Dewa in deals worth Dh12bn
Private sector allowed to build power plants
UAE turns to coal for its energy needs

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INFRASTRUCTURAL DEVELOPMENT - ELECTRICITY & WATER


TAQA and THEOLIA: Strategic partnership in Morocco
Posted on 16/06/2008

The Abu Dhabi National Energy Company PJSC (TAQA), a global energy company, and THEOLIA, a leader in the production of electricity from wind energy, signed on June 10th 2008 a strategic partnership agreement in the renewable energy sector in Morocco. This agreement aims to create a consortium of these two prequalified companies to respond jointly to the international invitation to tender for the construction and operation of a 300 MW wind farm located in Tarfaya, Morocco. TAQA and THEOLIA ...  >>MORE



Sharjah ruler issues decree on SEWA
Posted on 15/06/2008

Supreme Council Member and Ruler of Sharjah, H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, has issued Emiri Decree no. 20 of 2008, amending Emiri Decree no. 1 of 1995 and its amendments, dealing with the establishment of Sharjah Electricity and Water Authority (SEWA). The new decree empowers the SEWA to venture into business activities related to its main functions, including the setting up of central cooling stations and their networks and establishing clean energy companies or entering into ...  >>MORE



UAE per capita water consumption 550 litres per day: survey
Posted on 14/06/2008

Residents of the United Arab Emirates are among the highest per capita water users in the world, consuming an average of 550 litres per day, reported the Gulf News. Water, said the paper, ranked as the issue of least concern in a survey conducted by the Environment Agency - Abu Dhabi (EAD) to measure the level of environmental awareness and behaviour among the public in Abu Dhabi. The findings have been revealed a decision by the authorities to reduce the usage of water to 350 litres per ...  >>MORE



Taqa plans US$5bn acquisitions this year
Posted on 12/06/2008

Abu Dhabi National Energy Company (Taqa) plans to make four major acquisitions worth US$5 billion (Dh18.35bn) in North Africa, Saudi Arabia, the US and Europe by the end of the year. Talks on two of the deals are well advanced and should be concluded soon, said CEO Peter Barker-Homek. The other two are expected to be finalised in the second half of the year. Taqa also plans to bid in the next six weeks to set up two power plants in Saudi Arabia and a wind-power plant in Morocco. Of the four ...  >>MORE



Dewa bonds at 125bps above Eibor
Posted on 31/05/2008

Dubai Electricity and Water Authority (Dewa) yesterday priced its benchmark size dirham-denominated Islamic bond sale at the top of a previously indicated range, two bankers at arranging banks said. The state-owned utility priced its Islamic bonds, or sukuk, at 125 basis points over the six-month Emirates Interbank Offered Rate (Eibor), said the bankers, who declined to be named. The benchmark interest rate is now at 1.99 per cent. The final size of the issue has yet to be decided, they ...  >>MORE



GCC Grid Phase I to come online in 2009
Posted on 27/05/2008

The GCC Interconnection Grid, which will link power grids of the six-member states, is progressing on schedule and the first phase is expected to come online during the first quarter of next year. Power consumption in the GCC is expected to rise by six to 10 per cent annually as the region's construction boom continues with $1.8 trillion worth of ongoing projects. Government officials and industry experts came together yesterday at a two-day Utility Expansion and Investment Congress in Dubai ...  >>MORE



TAQA joins the MIT Industrial Liaison Programme
Posted on 20/05/2008

The Abu Dhabi National Energy Company, TAQA today announced the signing of a Letter of Agreement with the Massachusetts Institute of Technology (MIT) to become a member of the Industrial Liaison Program (ILP). Under the agreement, lasting at least two years, experts from TAQA and faculty members from MIT will explore TAQA's interests, needs and objectives as they relate to cutting-edge technology. The objective is to identify reliable and environmentally sustainable technology solutions that ...  >>MORE



UAE officially joins GCC power grid
Posted on 19/05/2008

The UAE has officially joined the GCC power grid in its current phase, it was announced here today. Yousef Ahmed Janahi, Director of Planning at the Qatari Water and Electricity Corporation said yesterday that the UAE has fulfilled its financial obligations as provided for in the relevant agreements. The draft of the multilateral power grid agreement is ready and will be sent to GCC secretariat, he said. The US$1.6 billion project is being carried out in three phases, with the entire grid ...  >>MORE



Abu Dhabi’s water conservation plans
Posted on 19/05/2008

Abu Dhabi, which has the highest water consumption rate in the world, is planning to slash consumption and focus on conservation. Residents used an average of 550 litres of water a day compared with 85 litres in Jordan, a country with a similar climate, said Dr Mohammed Dawoud, manager of the water resources department at the Environment Agency – Abu Dhabi (EAD). The figure rises with the inclusion of water for agriculture and forestry, which was 68 per cent of total consumption in 2006. High ...  >>MORE



ADWEA unveils new projects
Posted on 15/05/2008

The Abu Dhabi Water and Electricity Authority has unveiled its 5-year strategic plan. As part of the plan, a number of new projects have been lined up. Within the few coming days, ADWEA shall receive tenders concerning Al Showayhat Project S2 for the production of 1500 Megawatt and 100 million water gallons per day. "We also plan to launch another strategic project, AL Showayhat S3 for the production of 1500 Megawatt and 100 million water gallons per day. We would like to announce as well ...  >>MORE



Temporary power sector to grow by 25%
Posted on 15/05/2008

The UAE's temporary power sector is expected to grow by 25 per cent year-on-year with major demand coming from Dubai, according to experts in the industry. With the growing population and mega scale industrial and real estate developments, demand for power is estimated to rise considerably. "Currently, the Gulf has more than 2,000 major projects in sectors such as oil and gas, infrastructure, power and water and petrochemicals, valued at an estimated US$1 trillion (Dh3.6trn) and we expect ...  >>MORE



Number of electricity consumers rises by 19%
Posted on 13/05/2008

The growing interest in alternative energy sources is a big step forward that should be supported by the introduction of relevant legislations, said Dr Abdullah Al Amiri, Chairman of the Emirates Energy Award Committee, an offshoot of the Dubai Quality Group. "We should take all necessary measures to protect the environment and forestall further deterioration of the earth resulting from the detrimental effects of global warming," he added. The Dubai Electricity and Water Authority (DEWA) has ...  >>MORE



Dewa in deals worth Dh12bn
Posted on 12/05/2008

The Dubai Electricity and Water Authority (Dewa) has signed contracts for six mega projects worth Dh12 billion in the areas of power generation and water desalination. Some of the projects, signed with leading national and international companies, will be finished in 2009, while the rest will be completed by 2010. "The growing interest in alternative energy sources is a big step forward that should be supported by the introduction of relevant legislations," said Dr Abdullah Al Amiri, Chairman ...  >>MORE



Private sector allowed to build power plants
Posted on 07/05/2008

The Federal National Council (FNC) yesterday approved an amendment to allow the private sector to build power generation and water desalination plants for the first time in the UAE's history. In addition to the change to the Federal Authority of Electricity and Water law, the FNC also instructed the federal utility authority to extend electricity and water services to nationals at prices that ensure equality across all of the emirates. Minister of Energy Mohammed bin Dhaen Al Hameli, who ...  >>MORE



UAE turns to coal for its energy needs
Posted on 07/05/2008

The UAE and its neighbouring sultanate, Oman, have embarked on coal-powered plant projects to boost electricity capacity, aware that demand for gas would soon outstrip supply. In the UAE, Abu Dhabi National Energy Company (Taqa) is now studying a Dh3.67 billion coal-fired power plant in the capital. The study, according to project information specialist ProLeads, is slated to be completed in the second quarter of next year. Dubai Electricity and Water Authority (Dewa) Managing Director and ...  >>MORE

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