A mixed 1Q for Empower: Emirates Central Cooling Systems’ (Empower) net income dropped 7.7% y-o-y in 1Q 2023 to AED 167.4 mn, the company’s financial statement (pdf) for the period showed. Revenues for the first quarter of the year were up by 6% y-o-y to AED 494 mn on the back of an increased appetite […]
Author Archives: enterpriseam admin
Egypt explores water treatment and desalination with Australia, UAE and China explore nuclear power PLUS: KSA, Germany talk renewables
Egypt, Australia explore water treatment cooperation: Egypt’s Irrigation and Water Resources Minister Hani Sewilam met with Australian Ambassador to Egypt Axel Wabenhorst to discuss cooperation on desalination and water treatment, according to a statement. Sewilam said the ministry is also interested in upgrading water distribution systems and the assessment of hydraulic structures and their refurbishment, […]
Oman’s ramping up carbon capture and storage and exploring blue hydrogen production PLUS: Egypt’s courting investments in SAF production and biodiesel
Oman’s PDO enters CCUS technology: State-owned Petroleum Development Oman (PDO) is embarking on a plan to utilize carbon capture, utilization and storage (CCUS) methods as part of the country’s plans to achieve a net zero future, Oman Daily Observer quotes PDO Managing Director Steve Phimister as saying. The country’s largest oil and gas producer is […]
Germany’s poor utilities mapping creates a hurdle for renewable cable expansion, China is shoring up its lithium sources in Afghanistan, and India’s unsure where it stands on coal
Germany’s morass of underground cables are hindering its efforts to go green: Germany’s 5.7 mn km of unmapped underground utility cables and pipes are hindering efforts to install new high-speed cables to connect wind turbines, solar panels, and EV charging stations to the grid, Bloomberg reports. Germany — currently lagging behind its neighbors in its […]
MAY 2023 8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE. 8-10 May (Monday-Wednesday): Annual Investment Meeting, Abu Dhabi, UAE. 8-10 May (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE. 9-11 May (Tuesday): World Hydrogen 2023 Summit & Exhibition, Rotterdam, Netherlands. 9-10 May (Tuesday-Wednesday): The Solar Show MENA, Cairo, Egypt. 9-11 May (Tuesday-Thursday): The Airport Show, […]
TODAY: Neom awards USD 2 bn rail link project to Italy's Webuild and KSA’s Shibh Al-Jazira Contracting
Good morning, ladies and gents. The news cycle has picked up as the week comes to a close and we have plenty of climate diplomacy and renewables updates to dive into. THE BIG CLIMATE STORIES- Saudi Arabia’s smart city Neom awarded a USD 2 bn rail project contract to Italy’s Webuild and Saudi-based leading contractor […]
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Neom awards USD 2 bn rail link project and invests in zero-waste water solutions
Rail link between Neom’s Oxagon and The Line is a go: Saudi Arabia’s smart city Neom has awarded a USD 2 bn contract for a rail project linking its floating industrial complex Oxagon to renewable energy-powered The Line city, Arab News reports. The rail project was awarded to a joint venture of Italy's largest construction […]
Petersberg Climate Dialogue concludes with more discussion on what lies ahead at COP28
Petersberg Climate Dialogue wraps: A mixed bag of topics were discussed in closed ministerial meetings with COP28 President-Designate Sultan Al Jaber on the final day of the Petersberg Climate Dialogue in Berlin including financial reform, the upcoming Global Stocktake, and the COP28 agenda. Other major themes tackled by Al Jaber include steps to realize the […]