ENERGY-

#1- The Aramco-developed Hawiyah Unayzah gas reservoir is now operational through the injection of processed natural gas to reproduce 2 bn cubic feet of natural gas per day, the Energy Ministry said on X. The project looks to manage seasonal fluctuations in demand, replace liquid fuels, and curb carbon emissions.

#2- Warsan WtE plant reaches full commercial operation: The Warsan waste-to-energy (WtE) plant, developed by Belgian construction developer Besix in partnership with Swiss-based WtE cleantech company Hitachi Zosen Inova (HZI), Dubai Municipality, investment firm Dubal Holding, UAE-based conglomerate Tech Group, and Japan’s Itochu Corporation, has officially commenced full commercial operations, according to a press release from last week.

The details: The facility processes 5.67k tons of municipal waste daily, generating up to 220 MW of clean energy, enough to power 135k homes. It also recycles residual materials, such as ash into cement kiln dust, contributing to Dubai’s circular economy. Besix will now enter its 35-year operations and maintenance period following full operations.

Operations began last year: Hitachi Zosen Inova and Besix inaugurated the project in June 2023 and oversaw the first electricity transmission from the plant in Warsan to Dubai’s power grid in July 2023.

DEBT WATCH-

The Agricultural Development Fund (ADF) approved over SAR 6 bn in loans by the end of 3Q 2024 and aims to hit SAR 7 bn by year-end, spokesperson Habib Al Shammari told Aleqtisadiah. Meanwhile, a separate fund for international investments is funding new projects and expansions to existing projects abroad to boost food security and secure supplies of basic crops such as wheat, corn, and alfalfa. The fund has so far invested in projects in Sudan, Ukraine, and Romania, with contracts exceeding SAR 1 bn.

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