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FINANCIAL NEWS
Dubai to award USD3.3b solar energy park contract
14 Sep 2015
(MENAFN) Reports showed that Dubai’s government-owned utility is set to award a contract to build the third phrase of a USD3.3 billion solar energy park in the January-March period of 2016.
The project, which will produce 800 megawatts of electricity from solar power, is likely to be awarded to more than one company, managing director and CEO of Dubai Electricity & Water Authority said.
Recently, DEWA doubled the capacity of phase two of the Mohammed bin Rashid Al Maktoum Solar Park to 200MW, and it increased the share of renewable energy targets in Dubai’s energy mix to 7 percent by 2020.
However, DEWA, which manages and operates the Mohammed bin Rashid Al Maktoum Solar Park, is still deciding whether to build the plant all at once or at different times to take advantage of lower costs.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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