Global green energy company, Fortescue Future Industries (“FFI”) has signed a Memorandum of Understanding (“MoU”) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt. The signed MoU was between FFI and the New and Renewable Energy Authority, the General Authority for Suez Canal Economic Zone, Egyptian Electricity […]
Energy
Energy & Trading
United Arab Emirates
Adnoc & Taqa’s sub-sea electricity transmission “Project Lightning”
Abu Dhabi National Oil Company (“ADNOC”) and Abu Dhabi National Energy Company (“TAQA”) are jointly procuring the development, innovative sub-sea electricity transmission project The development is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent, replacing existing offshore gas turbine generators with more sustainable power sources from the […]
Energy
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar invests AED 25m to support energy consumption reduction
Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’s efforts to make its communities more energy efficient and environmentally friendly. Aldar’s latest retrofit project is set to […]
Deal & transactions
Energy
Energy & Trading
Other
Siemens Energy to build a stable energy infrastructure in Yemen
Siemens Energy and the Republic of Yemen have signed a Memorandum of Understanding (“MoU”) for the re-electrification of the country. The MoU focuses on the essential elements of the electrification of Yemen. This includes the addition of new and highly efficient power generation capacity, diversifying the country’s energy mix through new and renewable energy sources, […]
Deal & transactions
Egypt
Energy
Energy & Trading
Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount on the credits of the projects of ultra-high voltage transformer stations in the Canal Electricity District. The […]
