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FINANCIAL NEWS
Dubai’s Dewa inks power purchase deal with Masdar
29 Nov 2016
(MENAFN) Dubai Elect and Water Authority (Dewa) has signed a Power Purchase Agreement with Abu Dhabi Future Energy Co. (Masdar) for the 800MW 3rd phase of Solar Park.
Accordingly, Dewa proclaimed that the Masdar-led consortium as selected bidder for the third phase of Mohammed bin Rashid Al Maktoum Solar Park.
In addition, the deal with Masdar supports the goals to spread the energy mix so clean energy will produce 7 percent of Dubai”s total power output by 2020.
Moreover, the agreement will also support the Dubai Plan 2021 to upgrade sustainability and happiness in Dubai and achieve the aspirations of its citizens.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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