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INFRASTRUCTURAL DEVELOPMENT - ELECTRICITY & WATER

TAQA joins United Nations Global Compact

Posted on 22/07/2008

The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market (ADSM: TAQA), yesterday announced that it has joined the United Nations Global Compact (Compact), the world's largest voluntary corporate responsibility initiative. The Compact is an initiative to encourage businesses worldwide to adopt sustainable and socially responsible policies and procedures, focused on addressing human rights issues, environmental concerns and corporate ...  >>MORE

Government plans four power plants in Ras Al Khaimah

Posted on 15/07/2008

Four electricity plants with a total capacity of 740MW are to be built by the Ras Al Khaimah Government. And plans for a 2,000MW plant to meet the needs of the emirate's future expansion are being studied, said Dr Khatir Massaad, economic advisor to the government and CEO of Ras Al Khaimah Investment Authority. The first plant at Al Hamra, with a capacity of 120MW, will cost Dh440 million and will become operational in November. An 80MW plant at Al Ghail Industrial City and another with a ...  >>MORE

Mohammed bin Zayed calls for rational use of water

Posted on 09/07/2008

HH General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces received here today Arab water ministers and officials. The Ministers are participating in the launch of the Arab Water Academy which is being organised by the Abu Dhabi Environment Agency in conjunction with the International Centre for Biosaline Agriculture. During the meeting, Sheikh Mohammed called on officials to evolve strategies for rational and sustainable use ...  >>MORE

Arab Water Academy launched

Posted on 07/07/2008

Sheikh Sultan bin Hamdan Al Nahyan yesterday attended a ceremony to launch the Arab Water Academy (AWA) which will be based in the UAE. The Academy is co-hosted by the Environment Agency - Abu Dhabi (EAD) and the International Centre for Biosaline Agriculture (ICBA). The launching ceremony, held under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Deputy Prime Minister '&' Chairman of EAD, was also attended by HE Dr Rashid Ahmed bin Fahad, Minister of environment '&' Water, Dr Mahmoud ...  >>MORE

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

TAQA records remarkable profit growth in Q1

Posted on 01/05/2008

The Abu Dhabi National Energy Company TAQA yesterday reported financial results for the first quarter 2008. Since first quarter 2007 TAQA has made a number of acquisitions which have been fully or partially consolidated into the period under review. Following Q1'07, TAQA acquired CMS Generation, providing additional breadth to the company's downstream activities, while the acquisition of Northrock Resources and Pioneer Canada significantly increased TAQA's upstream assets. The largest company ...  >>MORE

ADWEA to provide FEWA with 10 million gallons of water a day

Posted on 14/04/2008

Abu Dhabi Water and Electricity Authority (ADWEA) has agreed to provide The UAE Federal Electricity & Water Authority (FEWA) with 10 million gallons of water a day (g/d) to meet demands in the emirate of Ras Al Khaimah, raising its pumping capacity to 37 million gallons/day, according to FEWA. Making the agreement, Director General of FEWA Mohammed Al Hammadi said the construction of the main water pipelines from ADEWA-owned Kadfa' pumping station has been completed with the connection with ...  >>MORE

Taqa eyes US$2 billion power investment in N. America

Posted on 08/04/2008

Abu Dhabi National Energy Co is looking at acquiring 2,000 megawatts of power generation capacity in North America for about US$2 billion, the company's chief executive officer said on Monday. It is also eyeing about 5,000 megawatts of power projects in Saudi Arabia in a joint venture with Saudi's Zamil Group, Peter Barker-Homek told reporters on the sidelines of an energy event in Qatar's capital Doha. "We are looking at picking up 2,000 megawatts in North America...if we proceed it will be ...  >>MORE

Sewa launches slab tariff system

Posted on 06/04/2008

In an attempt to curb the wastage of water and electricity, Sharjah Electricity and Water Authority (Sewa) has introduced a slab system of tariff for electricity and water consumption with effect from April 1, 2008. Under the slab system, consumers in residential and commercial units using up to 2,000 kilowatt-hour (kWh) of electricity per month will be charged 20 fils per unit, which is the old rate. However, consumers using between 2,000kWh and 4,000kWh per month will be charged 24 fils per ...  >>MORE

No delay by Dewa in delivering utilities to projects, says CEO

Posted on 30/03/2008

Dubai Electricity and Water Authority (Dewa) has delivered power and water supplies to all development projects as requested by developers in Dubai without any delay, the chief of the state-owned utility company told Emirates Business. "Projects don't get delayed due to shortage of power generation capacity. This is because bulk power facilities are built beforehand for all developments provided the developers approach Dewa at the initial stage of their projects,” said Saeed Mohammad Al ...  >>MORE

TAQA signs LOI with Oasis

Posted on 27/03/2008

Abu Dhabi National Energy Company PJSC (TAQA) yesterday announced that it has signed a Letter of Intent (LoI) with Oasis International Power LLC (Oasis), an Abu Dhabi based power company, in respect of the development of power generation and water projects in and around the Asian sub-continent. Any joint venture between TAQA and Oasis will be managed on a project by project basis according to the requirements and specifics of each project. It is worth noting that the LoI does not include any ...  >>MORE

Dubai builds world's largest water reservoirs

Posted on 24/03/2008

Construction has begun in Dubai on what will become the world's largest pre-stressed concrete drinking water reservoirs to help meet the escalating demand brought on by multi-billion-dollar property development projects. The three giant rectangular reservoirs, each with a capacity of 60 million imperial gallons, are being constructed in the Mushrif area of Dubai by the Mammut Group. "On completion the three reservoirs will contain a total of 180 million gallons of drinking water, marking a ...  >>MORE

GCC countries to invest an estimated US$120 billion over the next 10 years

Posted on 23/03/2008

The Gulf region is seeing an annual average increase in demand for power at around 8 per cent, according to industry experts. With renewable water availability expected to fall and populations rapidly rising, the region's authorities are having to continuously increase supplies, said Neil Walker, an energy expert. "With all the GCC countries requiring significant growth in the power and water sectors, an estimated US$120 billion investment is anticipated in the industry over the next 10 ...  >>MORE

Taqa eyes UK’s North Sea fields

Posted on 16/03/2008

The Abu Dhabi National Energy Company Taqa is in talks to buy stakes in several of the United Kingdom's North Sea oil and gas fields from Royal Dutch Shell and ExxonMobil Corporation, through its wholly owned subsidiary Taqa Bratani, Taqa said yesterday in a statement. Shell and ExxonMobil announced last year that they wanted to sell their equity interests in the Tern, Eider, Cormorant North and South Cormorant fields and related sub-sea satellite fields and infrastructure, situated in the ...  >>MORE

DEWA signs contracts worth Dh12bn

Posted on 13/03/2008

Dubai Electricity and Water Authority (DEWA), on the sidelines of the Wetex exhibition in Dubai, signed six contracts with various global firms for major projects in the sectors of power generation, water desalination and construction of transformer stations and fuel supply lines in the emirate. The contracts worth AED 12bn were signed between DEWA's managing director and chief executive officer Saeed Mohammad Al Tayer and the CEOs of various firms. Al Tayer said that the projects are ...  >>MORE

Hamdan bin Rashid unveils Empower's 'Al Quoz District Cooling Plant' at WETEX 2008

Posted on 12/03/2008

HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister for Finance, and Chairman of Dubai Electricity and Water Authority (DEWA), today unveiled Empower's 'Al Quoz District Cooling plant', at the Water, Energy Technology and Environment Exhibition (WETEX 2008) in Dubai. The district cooling plant will provide Al Quoz residential buildings with 35,000 refrigeration tonnes (RT) of district cooling. The integrated residential community developed by master developer Dubai ...  >>MORE

Sewa plans Dh561m service upgrade

Posted on 25/02/2008

Sharjah Electricity and Water Authority (Sewa) is carrying out generation and desalination projects worth Dh561.4 million to meet growing demand caused by the expansion of the Al Hamriyah and Khorfakkan areas. The authority's director-general Engineer Al Waleed Khalid bin Khadem said a Dh446.1m desalination plant will be built at Al Hamriyah. The projects will provide 140 million gallons of drinking water and 2,580MW of electricity, which will meet the emirate's additional water and power ...  >>MORE

Dewa to set up Dh6bn plant

Posted on 25/02/2008

A Dh6 billion power station to generate electricity using hydrogen extracted from coal is to be built by Dubai Electricity and Water Authority (Dewa) and its overseas partners. The plant – the first of its kind in the region – will help meet the growing demand for electricity in the emirate, said Dewa Managing Director and Chief Executive Saeed Mohammed Al Tayer. "The rate of increase in Dubai's electricity consumption now stands at 15 per cent to 20 per cent a year – among the highest in the ...  >>MORE

Dubai introduces new rates to curb use of electricity and water

Posted on 18/02/2008

The more you use the more you pay. This is the new price restructure introduced by Dubai Electricity and Water Authority (DEWA) to bring down over consumption of electricity and water in the emirate. Water and electricity prices in Dubai have been revised to encourage big consumers to use less by paying more. Currently residents pay 3 fils per gallon and will continue to do so as long they do not use more than 6,000 gallons, the price will then go up to 3.5 fils per gallon, and even 4 fils per ...  >>MORE

TAQA celebrates grand opening of its U.S. headquarters

Posted on 15/02/2008

The Abu Dhabi National Energy Company PJSC (TAQA), a global energy company with proven world-class performance serving the energy, water and infrastructure industries - announced today that its wholly-owned subsidiary TAQA New World, Inc. celebrated the grand opening of its U.S. headquarters in the Domino's Farms Office Park in Ann Arbor, Mich. TAQA executives, as well as representatives from the state, spoke to the importance of alternative energy and the company's future research and ...  >>MORE

Northern emirates to invest US$15b in power, water

Posted on 11/02/2008

New York — UAE's four northern emirates will spend US$15 billion to increase power and water supplies over the next decade, an official from the Federal Electricity and Water Authority said yesterday. "We will need 25 per cent of that amount to improve existing power and water facilities,' Safwat Radwan, a FEWA engineer, said in an interview during an electricity exhibition in Dubai. FEWA plans to boost current installed capacity of 1,200 megawatts to 2,000 megawatts for the northern emirates ...  >>MORE

ADWEA signs Dh1.5b contract with consortium

Posted on 09/02/2008

The Abu Dhabi Water and Electricity Authority (ADWEA) has signed a partnership contract with the consortium of Biwater and Emirates Utilities Company Holding (EUCH), for water treatment projects worth Dh1.5 billion in the emirate. The agreement on the Build, Own, Operate and Transfer (BOOT) basis is approved by the Executive Council of the Abu Dhabi emirate. The agreement calls for the treatment of 380,000 cubic metres of water p.d for sanitation purposes in Abu Dhabi and Al Ain. According ...  >>MORE

ADEWA posts Dh45 billion in investment revenues

Posted on 05/02/2008

The Abu Dhabi Electricity and Water Authority (ADEWA) posted investment revenues of over Dh45 billion. Commenting after receiving the pioneer performance award, Abdullah Saif Al Nuaimi, director of privatisation at ADEWA said that: "The efforts of Sheikh Dhiyab bin Zayed Al Nahyan, chairman of ADEWA, has great impact on achievements of the ADEWA over the last few years, which were culminated by the pioneer performance award. The award followed a number of other awards received by the ADEWA on ...  >>MORE

TAQA's preliminary profit grows 107pc to reach Dh1 billion

Posted on 03/02/2008

Abu Dhabi National Energy Company (PJSC) TAQA's preliminary profits grew by 107pc to reach Dh1 billion in 2007. An announcement from TAQA also showed that preliminary revenues grew by 65pc to Dh8 billion, from Dh4.8 billion in 2006.Total assets grew by 30pc to reach AED 68 billion in 2007. The basic earnings per share doubled from 12 fils to 24 fils. During 2007, TAQA made strategic acquisitions that have transformed it into a global energy company comprised of quality energy assets built on ...  >>MORE

Adwea reverts to tender for IWPP

Posted on 10/12/2007

Abu Dhabi Water and Electricity Authority (Adwea) has reverted to its competitive tendering process for Shuweihat 2 (S2) – with international companies in the race, including the United Kingdom's International Power and Japan's Marubeni Corporation. The tender is the firm's eighth independent water and power project (IWPP). In an unusual move, Adwea, in late October this year, invited two developer groups to submit proposals for S2 instead of the usual competitive tendering process among ...  >>MORE

TAQA completes acquisition of Pioneer Canada

Posted on 29/11/2007

Abu Dhabi and Calgary - The Abu Dhabi National Energy Company PJSC (TAQA), a publicly listed company on the Abu Dhabi Securities Market, announced Wednesday that its wholly-owned subsidiary TAQA North Ltd. has closed its acquisition of Pioneer Natural Resources Canada Inc. (Pioneer). TAQA North agreed to purchase Calgary-based Pioneer from Pioneer International Resources Company on August 22 of this year for USD $540 million, subject to adjustments. Pioneer is a Canadian oil and gas ...  >>MORE

Dewa denies plan to raise tariffs

Posted on 07/11/2007

The Dubai Electricity and Water Authority (Dewa) yesterday denied plans to increase tariffs to fund its US$19 billion expansion. Saeed Al Tayer, managing director and CEO of Dewa, said: "We are talking about future investments and not the short-term plan. Dewa's strategy of funding is to consider practical means of funding including cost-effectiveness." He said Dewa is working as per government strategy and has its master plans up to 2017 along with associated plans for funding infrastructure ...  >>MORE

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Quick List

TAQA joins United Nations Global Compact


Government plans four power plants in Ras Al Khaimah


Mohammed bin Zayed calls for rational use of water


Arab Water Academy launched


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


TAQA records remarkable profit growth in Q1


ADWEA to provide FEWA with 10 million gallons of water a day


Taqa eyes US$2 billion power investment in N. America


Sewa launches slab tariff system


No delay by Dewa in delivering utilities to projects, says CEO


TAQA signs LOI with Oasis


Dubai builds world's largest water reservoirs


GCC countries to invest an estimated US$120 billion over the next 10 years


Taqa eyes UK’s North Sea fields


DEWA signs contracts worth Dh12bn


Hamdan bin Rashid unveils Empower's 'Al Quoz District Cooling Plant' at WETEX 2008


Sewa plans Dh561m service upgrade


Dewa to set up Dh6bn plant


Dubai introduces new rates to curb use of electricity and water


TAQA celebrates grand opening of its U.S. headquarters


Northern emirates to invest US$15b in power, water


ADWEA signs Dh1.5b contract with consortium


ADEWA posts Dh45 billion in investment revenues


TAQA's preliminary profit grows 107pc to reach Dh1 billion


Adwea reverts to tender for IWPP


TAQA completes acquisition of Pioneer Canada


Dewa denies plan to raise tariffs