Middle East

UAE entities sign deal to build largest desalination plant in the northern emirates

The Federal Electricity and Water Authority (FEWA) and a consortium consisting of ACWA Power and MDC Power Holding Company, an entity fully owned by Mubadala Investment, has entered into a water purchase agreement for a desalination plant in Umm Al Quwain.

The 150 million gallon per day desalination plant will utilise seawater reverse osmosis technology, a statement said.

It is strategically located between Ajman, Umm Al Quwain and Ras Al Khaimah.

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Opec blame young activists for decreased investments in oil

The trillion-dollar Organization of the Petroleum Exporting Countries (Opec) highlights the growing reputational concerns of oil companies as insurance companies are increasingly pulling investment from fossil fuel assets. 

Mohammed Barkindo, the secretary general of Opec, said the growing mass mobilisation of world opinion against oil is “beginning to … dictate policies and corporate decisions, including investment in the industry”.

He blamed the striking students and said the pressure was even being felt within the families of Opec officials because their own children “are asking us about their future because … they see their peers on the streets campaigning against this industry”.

Greta Thunberg and other climate activists have said it is a badge of honour that the head of the world’s most powerful oil cartel believes their campaign may be the greatest threat to the fossil fuel industry.

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World's Largest Solar Power Plant Switched On

As of today, the Noor Abu Dhabi project with a total capacity of 1,177MW is the largest operational single site solar project in the world.

The project, which is not state-financed, is the work of a consortium that includes Abu Dhabi Power Corporation, Japan’s Marubeni Corp and Chinese solar manufacturer Jinko Solar.

The $870 million project was the result of a competitive tender process that will see electricity from the site sold to the Emirates Water and Electricity Company (EWEC) for around 2.4 cents per kWh, a record at the time of the auction and a record for any completed solar project. It was built by the Indian firm Sterling & Wilson with nearly 3000 people working on site during the peak of activity.

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