Tuesday 25 July 2017

UAE fund to build power plant in Guinea

Abu Dhabi Fund for Development (ADFD), a leading national entity in development aid, is set to construct the National Dispatch Centre in the west African nation of Guinea at an estimated cost of  Dh66 million ($18 million). The centre will bolster energy control efforts, hel


Opec oil ministers set for crucial Russia meeting

Oil ministers of Organization of the Petroleum Exporting Countries (Opec) will be meeting their counterparts from the non-Opec countries in Saint Petersburg in Russia on tomorrow to assess conformity with a recent output cut resolution, said the Emirati news agency Wam, citing Kuwait's oil


Siemens JV wins big Indonesia power plant order

German engineering company Siemens said its joint venture with Spain's Gamesa has won an order to supply  20 gearless SWT-3.6-130 wind turbines for an onshore wind power plant projet in Indonesia. The ‘Tolo 1’ onshore wind project is being developed by Equis


Utico signs 10-year purchase deal with Fewa

UAE-based Utico, the Middle East’s largest private utility, has signed a 10-year agreement with the Federal Water and Electricity Authority (Fewa) to serve the Northern Emirates, under a world’s first purchase contract model, a report said.   The agreement which a


Himoinsa develops new control units for gas-powered gensets

Spain-based Himoinsa, a global corporation that designs, manufactures and distributes power generation equipment worldwide, has developed new control units for gas powered generator sets. The new controllers have been programmed with a special start-up and stop sequence to ensure


MOL partners with Evonik, thyssenkrupp for propylene oxide

Hungary-based MOL Group, an integrated, international oil and gas company, has signed license agreements with Evonik and thyssenkrupp, enabling it to produce propylene oxide, a key component for the production of polyether polyols. Germany’s Evonik is one of the world leade


Borouge to highlight innovative solutions at summit

Abu Dhabi-based Borouge, a leading provider of innovative value creating plastics solutions, will highlight how the company, using innovation as an integral part of its business, delivers new solutions to meet the evolving market demands, at the upcoming Abu Dhabi International Downstream Summi


Economic reform 'is key to surviving oil price shock'

Arab countries must put in place development strategies that place the private sector at their heart and focus on diversification to reduce vulnerability to future oil-price shocks, says Oussama Kanaan, director, Middle East Centre for Economics and Finance, IMF.  


Solar, fossil fuels cost gap narrowing, says expert

The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert. In 2013, the external cost of fossil fuel-based energ


GPIC completes external audit of management system

Bahrain-based Gulf Petrochemical Industries Company (GPIC) has reported that Global Auditing Company (DNV) has carried out a successful external audit of its Integrated Management Systems (PAS 99). The auditors verified the integrity of all the company's operations, its vario

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