Executive Council issues a resolution transferring ownership of Emirates Nuclear Energy Corporation (ENEC) to ADQ   Abu Dhabi, United Arab Emirates, September 24, 2020:  Abu Dhabi Executive Council has issued a resolution transferring ownership of the Emirates Nuclear Energy Corporation (ENEC) to ADQ. Transferring ENEC’s ownership shall not affect licensing, permissions, exceptions and approvals from federal and local government entities regarding ENEC, nor any of its affiliated companies.  In addition, the resolution shall not affect the obligations and responsibilities of ENEC, nor any of its affiliated companies, including Abu Dhabi government’s obligations towards the ENEC, including contracts, agreements and warranties approved prior to the issuance of this resolution. The resolution ......read more

- Milestone achievement announced during the UAE side event held on Tuesday, 22 September at the 64th IAEA General Conference in Vienna - 50% power achieved as part of the Power Ascension Testing (PAT) of Unit 1 of the Barakah plant, an important step towards commercial operations   United Arab Emirates,  September 22, 2020:   Nawah Energy Company (Nawah), the Joint Venture nuclear operations and maintenance subsidiary of the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), announced today that the reactor of Unit 1 of the Barakah Nuclear Energy Plant has achieved 50% of its electricity production capacity.    The milestone achievement was announced on the sidelines of the 64th Annual Regular Session of the IAEA General Conference in Vienna, where ......read more

September 20, 2020:  The Bloomberg Commodity Index, which tracks a basket of major commodities spread evenly across energy, metals and agriculture, traded higher for the first time in three weeks. A softer dollar, continued buying momentum among major U.S. crop futures and a Saudi-fueled bounce in oil products, together with Chinese economic optimism all helped support a week of broad-based gains across all three sectors. Gold traded quite passively with ‘algo’ traders currently in charge, something that for now has resulted in an unusually high positive correlation with the movements in the S&P 500 index.  Crude oil and fuel products led from the front as the sector recovered from the recent correction. The OPEC+ meeting saw a strong attack from the Saudi oil minister on members cheating on quotas and ......read more

- ADNOC Distribution becomes the first petroleum products company in the UAE to be qualified on the Nawah Nuclear Approved Supplier List (NASL)  - ADNOC will supply a range of products including lubricating oil, engine coolant and anti-rust, grease, and fuels - 73 companies now qualified on Nawah’s NASL list, with their products demonstrating the highest safety related category.  - Nawah Quality Assurance, working in coordination with ENEC’s Business and Industrial Development Team is supporting growth of local nuclear supply chain      15 September 2020, Abu Dhabi, UAE:  The Emirates Nuclear Energy Corporation (ENEC) and its subsidiary responsible for the operation and maintenance of the Barakah Nuclear Energy Plant, Nawah Energy Company (Nawah), have marked a key milestone in ......read more

Dubai, United Arab Emirates,  September 01, 2020: Trina Solar Co., Ltd. (“Trina Solar” or the “Company”), a leading global PV and smart energy total solution provider, was once again named the 100% Bankable Module Supplier Brand as announced in the 2020 PV Module and Inverter Bankability report, published by Bloomberg New Energy Finance. The judges unanimously recognized the company’s stable financial status, reliability, product quality and excellent brand influence.    According to Bloomberg Bankability reports issued since 2012, Trina Solar has achieved 100% bankability six times, and has topped the list for the past five years. Again, a performance unmatched in the industry. The indicates that Trina Solar's modules can help project developers obtain bank financing more easily. It ......read more

- First megawatts of clean electricity from peaceful nuclear energy now delivered to the UAE’s transmission network   - Connection safely and successfully completed through collaboration with Abu Dhabi Transmission and Despatch Company (TRANSCO)   Abu Dhabi, United Arab Emirates - August 19, 2020:  The Emirates Nuclear Energy Corporation (ENEC) today announced that its operations and maintenance subsidiary, Nawah Energy Company (Nawah), in partnership with the Abu Dhabi Transmission and Despatch Company (TRANSCO), a subsidiary of Abu Dhabi National Energy Company (TAQA), has safely and successfully connected Unit 1 of the Barakah Nuclear Energy Plant to the UAE grid, and is despatching its first megawatts of clean electricity to the Nation. During the process, the generator in Unit 1 was integrated and ......read more

• Schneider climbs 2 spots since last year   Dubai, UAE, Augst 8th 2020:  Schneider Electric, the leader in digital transformation of energy management and automation, today announced it has been ranked #1 in the 2020 Gartner Supply Chain Top 25: Europe Top 15 (June 2020).   For many years Schneider Electric has given priority to the digitalization of its supply chain. The Group launched the Tailored Sustainable Connected Supply Chain 4.0 program to create a customized, sustainable and connected Supply Chain from end to end - across procurement, manufacturing, planning and delivery pillars. "Our network of suppliers, smart factories sites and distribution centers have adopted digital processes and tools to improve our energy consumption, our product quality and cost. During the past months where ......read more

United Arab Emirates, August 04, 2020:   Greenpeace MENA condemns the start-up of unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, as a wasteful investment in the wrong technology that will only deplete the scarce water resources of the “Emirates”. Julien Jreissati, programme manager at Greenpeace Middle East and North Africa, commented: "Nuclear energy is not the energy of the future, and definitely not the solution. With it we are leaving our future generations with nothing but a toxic legacy of radioactive and dangerous nuclear waste". He continued: ”The UAE has been a regional leader in developing and investing in cheap, safe and green renewable energy such as solar. This innovative country should keep its focus on capitalising on its abundant and ......read more

- Start-up is major step in process for upcoming generation of emissions-free electricity  - Process undertaken in line with regulatory requirements and highest international standards for nuclear quality and safety   02 August 2020, Abu Dhabi,  UAE: The Emirates Nuclear Energy Corporation (ENEC) today announced that its operating and maintenance subsidiary, Nawah Energy Company (Nawah) has successfully started up Unit 1 of the Barakah Nuclear Energy Plant, located in the Al Dhafrah Region of Abu Dhabi, United Arab Emirates (UAE). This step is the most historic milestone to date in the delivery of the UAE Peaceful Nuclear Energy Program, as part of the process towards generating clean electricity for the Nation for at least the next 60 years.   Since receipt of the Operating License from the ......read more

• Schneider Electric exceeds their year-end target, taking their overall performance for avoiding primary resource consumption to just over 126,000 metric tons • The Group reaffirms its commitment to achieve 2020 goals and looks ahead at the 2030 Sustainable Development Goals  • The Tomorrow Rising Fund, by the Schneider Electric Foundation, moves forward with recovery and resilience by supporting education and training programs    Dubai, United Arab Emirates, August 01, 2020:   Schneider Electric, the leader in digital transformation of energy management and automation, announces their financial and extra-financial year results. Each quarter, Schneider Electric publishes 21 indicators from the Schneider Sustainability Impact (SSI) which measures their progress towards their ......read more

• Siemens Energy to supply 20 compressor trains for a critical gas project in the Kingdom of Saudi Arabia (KSA) • The project will enable the operator to manage its surplus gas volumes efficiently to meet seasonal demands     July 29, 2020:  Siemens Energy was selected to provide centrifugal compressor systems for Saudi Aramco’s Hawiyah Unayzah Gas Reservoir Storage (HUGRS) project. The plant includes a gas injection facility with a capacity of 1,500 million standard cubic feet per day (MMSCFD) (42,475,270 cubic meters per day, or m3/d) and a withdrawal facility capable of processing up to 2,000 MMSCFD (56,633,693 m3/d) of gas.    Siemens Energy received the order from Samsung Engineering, who was awarded the engineering, procurement, and construction (EPC) contract for the ......read more

• Earn points on all purchases that can be redeemed for products and services across ADNOC Distribution stations and ADNOC Oasis stores • 500 bonus points for members who download the app • Free car sanitization for all new members with first transaction • More than 750,000 customers already registered for ADNOC Rewards   Abu Dhabi, 29 July 2020:  ADNOC Distribution, the UAE’s leading fuel and convenience retailer, announced today an exciting enhancement to its popular rewards program, ADNOC Rewards. Starting this Eid holiday, customers can now earn loyalty points on every purchase of fuel and non-fuel products.  There are also a range of special launch offers to kick off the new program. Those who download and login to the ADNOC Distribution app for the first time will receive ......read more

Consortium comprising TAQA, Masdar, EDF and JinkoPower sign Power Purchase Agreement with EWEC, for a 2 GW solar power plant Competitive bid process results in record-low tariff for solar power, set at AED 4.97 fils/kWh (USD 1.35 cents/kWh)   Abu Dhabi, UAE – 26 July 2020: The Emirates Water and Electricity Company (EWEC), a leading company in the coordination of planning, purchasing and providing of water and electricity across the UAE, announced the award for the world’s largest solar power plant. The project was awarded to a consortium led by Abu Dhabi National Energy Company (TAQA) and Masdar, with partners EDF and JinkoPower, for the development of the 2 GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP) project, which will be located approximately 35 kilometers from Abu Dhabi city. The ......read more

Dubai, UAE – 25 July 2020: Trina Solar Co., Ltd (‘Trina Solar” or the “Company”) has announced the launch of two next-generation Vertex series modules with power output of up to 600W. The company expects to realize the mass production of a 550W series in the final quarter of this year.    Several representatives of upper, middle and lower streams of the industrial value chain of the 600W+ Photovoltaic Open Innovation Ecological Alliance, representing manufacturers of silicon, wafers, cells, modules, trackers, inverters, materials and equipment, took part in a launch event and witnessed the new next-generation Vertex series modules.    Dr Zhang Yingbin, Head of Product Strategy and Value Management at Trina Solar, said at the event: "The next-generation Vertex modules ......read more

• Petrochem to lease 200,000 sq. ft. plot of land and establish additional storage facilities with expected storage capacity of 150,000 cbm    • Petrochem’s daily production capacity amounts to 800 metric tons of petrochemical products while annual refining capacity exceeds 2.1 million barrels           Sharjah, July 22, 2020:   Green Petrochem, one of the most conducive players in the oil industry across the UAE, has announced an expansion plan in the Hamriyah Free Zone to boost its storage capacity and meet the growing demand for its services.   The expansion plan was announced last recently during a ceremony held to sign a lease agreement with the Hamriyah Free Zone Authority (HFZA).  Under the contract, the petrochemical company will ......read more

Technology will help save energy and maintenance costs, reduce carbon emissions, make the facility greener and future-proof it for new innovations   Dubai, United Arab Emirates, July 22, 2020:   Schneider Electric has been selected by DP World, a leading enabler of global trade, to implement an end-to-end smart energy MV, LV distribution system at DP World’s Sokhna Basin 2 Terminal, situated near the southern entrance to the Suez Canal on the Red Sea. The solution will improve safety, save on electricity and maintenance costs, and reduce carbon emissions at one of Egypt’s largest ports. The EcoStruxure Power solution is Internet-Of-Things-enabled, which will allow DP World to run a variety of digital applications, analytics and other technologies across the system, to further improve operations and ......read more

Dubai, UAE – July 16, 2020: The 600W+ Photovoltaic Open Innovation Ecological Alliance was announced today – a formation of 39 firms that aims to create a new collaborative and innovative ecosystem through open collaboration, synergizing the main resources of the industry chain and integrating core processes such as R&D, manufacturing and applications.  In a declaration adopted by the 39 members of the alliance, member companies said they will work together to build products, systems and standards for a next-generation technology platform, committing to maximize the customer values of 600W+ ultra-high power modules and other related solutions at the application end.    PV is becoming one of the strongest driving forces for energy transformation. To bring more value to customers and promote sustainable ......read more

- ENEC hands over the systems of Unit 2 to Nawah Energy Company for commissioning, marking the end of construction activities for the second of four units at Barakah - Nawah team now commences operational readiness activities. Regulatory approval from FANR required, and international assessments to take place prior to Unit 2 - Unit 2 successfully completed advanced testing, demonstrates its exemplary structural safety performance and that its systems and components meets the highest standards of safety and quality.    14 July 2020, Abu Dhabi, UAE: The Emirates Nuclear Energy Corporation (ENEC) has successfully completed the construction of Unit 2 of the Barakah Nuclear Energy Plant, the Arab World’s first nuclear energy plant located in the Al Dhafra region of Abu Dhabi.  The unit has now been officially ......read more

Dubai, United Arab Emirates, July 14, 2020:    Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, launched this year’s professional summer training programme for national graduates and institute students with a view to encouraging them to engage in the promising district cooling sector. A group of students have been joined to the new program from Zayed University, Al Ghurair University, the Rochester Institute of Technology and the Higher Technical College. Empower pointed out that the continuation of skill development process was put into risk due the closure of technical and vocational education centres and training institutions around the world in the wake of the Covid-19 pandemic. The situation prompted the company to take part in the efforts for ......read more

A tax on carbon emissions tied to imports would cut profits for foreign suppliers of oil, steel, and other goods with high greenhouse gas footprints but could pose an opportunity for GCC companies to gain a competitive edge, BCG research finds   Dubai, United Arab Emirates, July 08, 2020:   A plan being considered by the European Commission to tax the carbon emissions attributed to imported goods could create competitive advantages for foreign companies with low greenhouse gas footprints--and “serious near-term challenges” for other exporters, adding to financial strain caused by the COVID-19 crisis. The tax could slash the profits generated by imported materials such as oil, flat-rolled steel, and wood pulp by a range of 10% to 65%, and impact both EU and non-EU producers of goods such as chemicals and ......read more

The second annual report for the implementation of the Ras Al Khaimah Energy Efficiency and Renewables Strategy 2040 was released on the newly launched Reem website.     Ras Al Khaimah, United Arab Emirates, July 06, 2020:  Ras Al Khaimah Energy Efficiency and Renewables Strategy 2040 has completed its second year of implementation in 2019. Last week Ras Al Khaimah Municipality released the second edition of the annual report for the strategy. The report describes progress of the strategy, including achievements, new initiatives and expected developments in the coming years. Click here to download the report from the Reem website.   The annual report highlights concrete savings of 7 GWh of electricity, 109 MIG of water and 423 GWh thermal of direct fuel savings achieved in 2019. Apart from these energy ......read more

Successfully renewed three ISO certifications in Quality Management System, Environmental Management System and Occupational Health and Safety Management Systems Dubai, UAE, 06 July 2020:   Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, announced that it has successfully renewed three ISO certifications in Quality Management System (ISO 9001: 2015), Environmental Management System (ISO 14001: 2015), and Occupational Health and Safety Management Systems (OHSAS 18001: 2007), that are related to internationally recognized practices for management Systems in Quality, Environment and  Health and Safety respectively. Empower is certified for all these three International Standards since 2006, which are integrated into one platform, that adds values to ......read more

Complementary portfolios and technology strengths to ensure continuity, enhance customer value and bring growth opportunities.    Dubai, United Arab Emirates, July 01, 2020:   In accordance with the agreement signed on December 17, 20181 , Hitachi Ltd. and ABB Ltd today announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD2 ) and ABB holds the balance. Toshikazu Nishino, Executive Vice President of Hitachi, is the Chairman of the new entity and Claudio Facchin the CEO. The new entity is headquartered in Zurich, Switzerland, and the current management team will ensure business continuity. “Hitachi’s leading ......read more

• Dubai Startup Hub Market Access programme’s second cohort attracted 44 startup submissions, 55% of which came from outside the UAE   • Corporate members Emirates NBD, Sumitomo and Accenture team up with 9 startups offering cutting-edge solutions to existing challenges     Dubai, United Arab Emirates, July 01, 2020:    Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has announced the successful conclusion of the Market Access programme’s second cohort, which saw several high-potential startups joining forces with leading UAE corporates at a recent business pitching and matchmaking event.   The virtual event, held  on June 17th, 18th and 22nd, saw Market Access corporate members Emirates NBD, Sumitomo and Accenture team up with nine ......read more

Dubai, United Arab Emirates, July 01, 2020:   The dual crisis engendered by the conflict over production levels within OPEC + and the reduced demand caused by the COVID-19 pandemic have prompted a global, sector-wide downturn in the Oil and Gas (O&G) industry that has left the oil-dependent economies vulnerable in terms of fiscal revenue. Demand for oil has fallen by over 18 percent since the beginning of the year, leading to a steep decline of more than 70 percent in the price of oil. Deloitte has just released its new report, Impact of oil industry crisis on the GCC and potential responses, which explores different potential responses GCC countries can take to address the impact of the oil industry crisis on their economies. “The oil industry is facing its gravest crisis in 100 years, leading to a steep decline ......read more