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FINANCIAL NEWS
Abu Dhabi’s Adwea to build 1,500mw power plant
17 Oct 2011
(MENAFN) The Abu Dhabi Water and Electricity Authority’s (Adwea) director general, Abdullah Saif Al Nuaimi, said that the authority would construct a 1,500 megawatt power plant with a capacity to produce 100 million gallons of water, reported Gulf News.
Al Nuaimi added that Abu Dhabi’s annual power demand grew at 12 percent, and water use was forecasted to increase at 5 percent per year, on the other hand, annual power demand in the UAE as a whole rose 10 percent.
He also said that the country started to establish nuclear plants to generate power, where the first of the four plants would start operations in 2017, moreover, both Sumitomo Corp. and Korea Electric Power Corp. started establishing the USD1.5 billion Shuweihat 3 power plant, which was designed to produce 1,600 megawatts when fully operational in 2014.
It is worth noting that power plants under construction in the UAE will add more than 2,500 megawatts of power and 100 million gallons of water-treatment capacity.
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With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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