ENOC Group has announced significant achievements in energy efficiency, reporting savings of AED395 million over the past decade through its comprehensive Energy & Resource Management (E&RM) program. This initiative focuses on minimizing energy consumption and enhancing operational efficiencies across the organization. The company emphasized that their energy management efforts have not only led to substantial...
Masdar, the Abu Dhabi Future Energy Company, is set to significantly expand its operations by investing nearly Dh30 billion in 2024. This investment will support the launch of new projects in nine countries, reinforcing Masdar’s role as a leader in the global clean energy sector. The company has also secured over Dh16.5 billion in project...
Today, H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, led the 87th meeting of the Council, which took place virtually. The meeting included key officials such as Saeed Mohammed Al Tayer, Vice Chairman, and Ahmed Buti Al Muhairbi, Secretary-General, along with board members from various sectors, including Marwan...
ENOC Group has partnered with Dubai’s Roads and Transport Authority (RTA) to investigate the potential of using green hydrogen in transportation. They have signed a trial agreement aimed at assessing the feasibility of integrating green hydrogen into mobility solutions in Dubai. The collaboration marks a significant step towards sustainable transportation, aligning with Dubai’s commitment to...
Egypt’s Minister of Investment and Foreign Trade, Hassan El-Khatib, has confirmed plans for the development of an $8 billion green hydrogen plant in the Suez Canal Economic Zone (SCZONE) in collaboration with the Indian company ReNew Power. This announcement was made during a recent meeting with Vikram Kapur, Group President at ReNew Power. The initiative...
Abu Dhabi’s ADQ, a sovereign investment company formerly known as Abu Dhabi Developmental Holding Company, has announced a significant partnership with Energy Capital Partners (ECP) based in New Jersey. The collaboration aims to invest over $25 billion in developing power generation and energy infrastructure, targeting projects totaling 25 gigawatts (GW). This 50-50 partnership combines ADQ’s...
Fabtech Engineering, a steel fabrication specialist located in Dubai Industrial City, has entered into a partnership with France’s Groupe M. This agreement aims to drive innovation and sustainable development within the UAE’s nuclear and sustainable energy sectors. The signing ceremony was attended by notable figures, including Nicolas Niemtchinow, the Ambassador of the French Republic to...
Abu Dhabi’s renewable energy company, Masdar, is in advanced negotiations to acquire a 49.9% stake in a solar portfolio managed by the Spanish power utility Endesa for approximately $200 million. The deal involves a solar portfolio with a capacity of around 450 megawatts and is expected to strengthen the existing partnership between the two companies....
Sharjah has inaugurated the largest 220 kV substation in its network, located in the airport area of Umm Fannin. This significant project, which cost over Dh500 million, is designed to enhance the energy infrastructure of the emirate and meet the growing energy demands of the city. The Sharjah Electricity and Water Authority (SEWA) collaborated with...
UAE’s NMDC Energy has successfully secured a substantial contract worth $1.14 billion from Taiwan Power Company (Taipower) for a subsea gas pipeline and power project. This project involves the engineering, procurement, and construction of marine pipelines that will connect Taichung and Tung-Hsiao along Taiwan’s west coast. The wholly-owned subsidiary of NMDC Group will not only...