Dubai Eye 103.8

On Air Now
Nights on Dubai Eye 103.8
11:00pm - 6:00am

Listen To Dubai Eye

Solar energy plant to help power a greener UAE

Wednesday, 14 September 2016 18:00

A major green energy scheme is one step closer to completion. On Wednesday, DEWA said the contract for a 200-megawatt concentrated solar power plant had been awarded to a consortium led by KPMG. The accountancy giant, engineering consultancy Mott MacDonald and law firm Ashurst will offer financial, engineering and legal expertise respectively. Ivano Iannelli, the CEO of Dubai Carbon, told ARN News how the facility will affect the emirate’s residents.

Expected to be partly functional by April 2021, the 200-megawatt concentrated solar power plant will be based at Mohammed Bin Rashid Al Maktoum Solar Park, the largest project of its kind worldwide. Forming part of DEWA’s plan to increase the amount of clean and renewable power entering the grid, it is also in line with Dubai Green Energy Strategy 2050 and Dubai Plan 2021. Overall, it’s part of DEWA’s plan to increase the percentage of renewable and clean energy used in the emirate. Ianelli says consumers also have an important role to play and should start looking at utilizing energy more productively.

More from Business

Former Binance chief guilty of money laundering

Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.
Emirates attracts pilots with higher salaries, new perks

Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.
Spinneys increases IPO retail offering due to high demand

Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.
IMF $1.1 billion tranche to help Pakistan's economic stability, says PM Sharif

The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.
UAE, Ukraine conclude terms of trade pact

The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).

Coming Up on Dubai Eye

The Business Breakfast
6:00am - 10:00am

The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
The Agenda
10:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

BUSINESS BREAKFAST LATEST

Is there a summer slowdown in the UAE property market?
John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
UAE's new prosecution offices to deal with financial crime
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.

On Dubai Eye

Flying Taxis
It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.
Tough penalties for deliberate tax evasion
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.