The upgrade of the note principally reflects Standard & Poors (S&P) assessment that Dubai Electricity and Water Authoritys (DEWA) stand-alone credit profile (SACP) which has improved.
Technology
Masdar?s solar power plant becomes net exporter of energy to UAE
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The largest photovoltaic (PV) plant in the MENA region located in Masdar City has hit all performance targets in the first two years of its operations and has become a net exporter of energy to to Abu Dhabi electrical grid, Masdar announced.
Etisalat gears up to launch LTE services in the UAE
Etisalat announced that it has begun the final phase of trials on the advanced Long Term Evolution (LTE) network, in order to commercially launch the service in the third quarter of this year.
Financial closure on Shuweihat 3 IPP project
The Shuweihat 3 Independent Power Plant (IPP) project reached financial closure after a delay which makes it the worlds biggest power project financing this year.
Saudi to build 16 nuclear reactors by 2030
Saudi Arabia will build 16 civilian nuclear reactors over the next 20 years at a cost of more than US$300 billion.