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FINANCIAL NEWS
UAE- DUBAL invests USD5.44m in Mohammed bin Rashid Solar Park
18 Dec 2012
(MENAFN) Dubai Aluminum (DUBAL) announced an investment of USD5.44 million in the Sheikh Mohammed bin Rashid Solar Park, reported Emirates News Agency (WAM).
The investment is part of the company’s efforts to realize the Dubai Integrated Energy Strategy 2030 (DIES 2030) announced by His Highness the Ruler of Dubai.
The park’s first phase will produce 10 MW by 2013, and the amount will grow to 1,000 MW by 2030.
The company is also taking part in a feasibility study related to the establishment of clean coal-fired power stations in the UAE.
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