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Energy


Shams-1-plant

The signing of the Shams 1 solar power project financing in the UAE last month has opened the way for a burgeoning in renewable energy in the Gulf, said Standard & Poors Ratings Services in a new report.

The Dubai Electricity and Water Authority (DEWA) signed five new contracts worth US$272mn for power and water projects that will support Dubai utilitys infrastructure and also boost the efficiency of grids and networks to meet the growth and demand for its services.

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Oman Electricity Transmission Company (OETC) is working hard on expanding the countrys power transmission infrastructure and upgrading the national power grid to try and meet growing local energy demand.

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