ENGIE, the French utility company, has invested $11.9 billion in various projects in the UAE and is looking to expand its presence in the country by offering renewable energy solutions for water desalination, battery storage, and green hydrogen projects. Frederic Claux, ENGIE’s managing director of thermal and supply for the Asia, Middle East and Africa region, stated that the company’s strategy specifically targets district cooling projects, photovoltaic energy, water desalination plants, and battery storage projects. ENGIE is already involved in several projects in the UAE, including funding the development of Al Ajban Solar Photovoltaic plant and the Mirfa 2 Reverse Osmosis Independent Water Project worth $800 million. The company currently operates six power and water plants in the UAE and owns a 40% stake in the National Central Cooling Co., known as Tabreed. Once the Mirfa 2 project has been added, ENGIE’s total investments in this industry will amount to about $7 billion.
Friday, October 27, 2023
Latest
Ivanka Trump ordered to testify in father’s civil fraud trial: Judge’s ruling | TOME
Judge Arthur Engoron sides with New York state lawyers who had argued that Ivanka was a relevant witness in the case.
Hamas Tunnel City: Gaza’s Hidden Frontline for Israel | TOME
JERUSALEM/LONDON: What lies in wait for Israeli ground troops in Gaza, security sources say, is a Hamas tunnel network hundreds of kilometers long and up to 80 meters deep, described by one freed hostage as “a spider’s web” and by one expert as the “Viet Cong times 10.”
The Palestinian Islamist group has different kinds of tunnels running beneath the sandy 360-sq-km coastal strip and its borders — including attack, smuggling, storage and operational burrows, Western and Middle East sources familiar with the matter said.
Popular
Disease Outbreak Threatens Displaced Palestinians in Crowded UN Schools | TOME
More than half a million displaced Palestinians are sheltering in 150 UNRWA facilities and in poor conditions.
US Strikes Iranian Forces’ Sites in Syria: Pentagon
The US military launched airstrikes early Friday on two locations in eastern Syria linked to Iran’s Revolutionary Guard Corps, the Pentagon said, in retaliation for a slew of drone and missile attacks against US bases and personnel in the region that began early last week.
Popular
China Probes Foxconn’s Taxes and Land Use, Shares Slide | TOME
Apple supplier's shares dropped as much as 3 percent after report by China's state-owned Global Times.
Big Businesses Stay Silent on Israel-Hamas Conflict Amid Ukraine Outcry
Major brands that spoke out against Russia's invasion have been reluctant to weigh in on the Israel-Palestine conflict.
© 2023 TOMI. All Rights Reserved.