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FINANCIAL NEWS
DEWA to build clean coal power plant
22 Aug 2013
(MENAFN) Dubai Electricity and Water Authority (DEWA) intends to construct a new clean coal power plant generating 1200 megawatts (MG).
DEWA is still looking for contractors to build the plant, which will be built in two phases generating 600 MG when phase one completes in 2020 and another 600 MG when the phase two completes the following year.
Dubai aims to lessen its dependence on oil and gas to generate power to save it for exports. The emirate has issued its 2030 Integrated Energy Strategy to do so. The plan aims to divide power generated in Dubai on different resources with 71 percent from natural gas, 12 percent from nuclear, 12 percent from coal and 5 percent from solar power by 2030.
More News
05 Aug 2024
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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