Wednesday 27 September 2017
 
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District cooling 'key to energy storage in future'

District cooling and tri-generation will play an increasingly vital role in the storing and integration of intermittent renewable energy sources in the future, said an engineering consultancy expert.   “We are all aware that renewables are on the way to becoming the do

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90pc of energy companies seeking smart tech JV

Ninety per cent of energy companies from the EMEA and Asia-Pacific regions are actively seeking a smart energy technology joint venture or acquisition, said a report by global 100 law firm Pinsent Mason. Energy technology bolt-ons will underpin the future of the global energy ind

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Dubai in bid to boost use of electric, hybrid vehicles

The Dubai Supreme Council of Energy has announced incentives to encourage community members to use electric and hybrid vehicles, and promote the use of sustainable transport, which will have a lower average annual energy consumption rate.  The announcement was made at a pres

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DGCX’s Dubai India Crude Oil Futures named best new derivatives contract

The Dubai Gold and Commodities Exchange’s Dubai India Crude Oil Futures (DICO) contract has been recognised as the ‘Best New Derivatives Contract’ at this year’s FOW Global Investor Asia Capital Markets Awards 2017. The ceremony took place late last week at the

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Dewa inks strategic deal with Dubai Airports

Dubai Electricity and Water Authority (Dewa) said it has signed a deal with Dubai Airports as part of its efforts to achieve sustainable development, and support the Smart Dubai initiative launched by Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al

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UK to start $700m sukuk trial without Dana Gas

A high-profile London High Court trial over a $700 million Islamic bond will go ahead next week without Dana Gas, a UAE-based energy company, according to Financial Times. A civil trial between Dana Gas and its investors was due to open in the High Court this week but was dela

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Saudi Arabia plans 80pc hike in gasoline prices

Saudi Arabia is considering raising domestic prices for gasoline and jet fuel by around 80 per cent from November, said a report.   Octane-91 grade gas price will increase from 75 halalas per liter to SR1.35 per liter, reported The Saudi Gazette, citing

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Dewa to install PV panels for 640 villas in Hatta

Dubai Electricity and Water Authority (Dewa) is installing solar panels on the roofs of 640 villas for UAE nationals in Hatta, free of charge. This initiative is part of the effort to contribute to the enhancement of environmental sustainability and make Dubai one of the most sus

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L&T wins $264m Kuwait pipeline contract

The Hydrocarbon Division of Larsen & Toubro (L&T), an Indian multinational, has won a major pipeline contract with a value close to ₹ 1700 crore ($264.41 million) from Kuwait Oil Company (KOC), said a statement from the company. The contract covers the engineering, procurement

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GE wins 50MW Egypt solar plant contract

Technology giant GE has been awarded a contract by the Egyptian government to build a 50MW solar power plant in the country. It is GE’s first full turnkey contract to build a solar power plant. As per the agreement, GE will provide 4.4-MW solar skids featuring GE’s LV

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