Western Asia

Kuwait PPP developer recommends cash dividends of 25 fils – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company, the first power generation and water desalination company and the first Public-Private Partnership (PPP) project to be listed in Kuwait, said its board of directors has recommended a cash dividend payout of 25 fils per share.

This will be the company’s first dividend and relates to the retained earnings for the period from 2017 to 2019 and is subject to lenders’ approval, said the statement from the Kuwait group. 

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Shamal Az-Zour to list on Boursa Kuwait – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company announced today that it received approval to list on Boursa Kuwait’s Premier Market on August 16. 

It is the first power generation and water desalination company and the first private public partnership (PPP) project to be listed in Kuwait. NBK Capital is the listing advisor.

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Shamal Az-Zour Al-Oula gets nod for Boursa Kuwait trading – Kuwait

Shamal Az-Zour Al-Oula Power and Water Company said it received regulatory approval for its listing debut on Boursa Kuwait’s premier market on August 16.

The company is the first power generation and water desalination firm and the first private-public partnership project to be listed in Kuwait, it said in a statement on Saturday.

NBK Capital served as the company’s listing adviser.

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Abu Dhabi’s water sector ‘vital for energy transformation’ – United Arab Emirates

Abu Dhabi’s water sector is playing a pivotal role in energy transformation, with desalination technology through nine major plants, thus enhancing the emirate’s security of water supply.

Pioneering the transformation of the energy sector in the UAE capital, Abu Dhabi Department of Energy (DoE) is leading the process of developing the water sector through enacting policies and regulations to reform its operations.

Since its establishment in February 2018 to be the new regulator of the energy sector in the Abu Dhabi, DoE has implemented new work mechanisms and adopted performance improvement plans.

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23 July, 2020 Abu Dhabi’s water sector ‘vital for energy transformation’ – United Arab Emirates

Abu Dhabi’s water sector is playing a pivotal role in energy transformation, with desalination technology through nine major plants, thus enhancing the emirate’s security of water supply to ensure business continuity and wellbeing of the community.

Pioneering the transformation of the energy sector in the UAE capital, Abu Dhabi Department of Energy (DoE) is leading the process of developing the water sector through enacting policies and regulations to reform its operations.

Since its establishment in February 2018 to be the new regulator of the energy sector in the Abu Dhabi, DoE has implemented new work mechanisms and adopted performance improvement plans to improve the efficiency of the sector, with the application of modern technology in desalination plants one particular priority.

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UAE to get largest water desalination plant in the world – United Arab Emirates

Water security has been a major priority for Abu Dhabi. The emirate has always been seeking the  best methods to optimize the use of water resources.

Now, the Abu Dhabi Department of Energy (DoE) is enhancing the water security of the emirate by developing fresh policies and regulations to support the sector.

The DoE will also improve the performance of its desalination plants to ensure secure and sustainable water supplies through nine of its plants which have a production capacity of around 1.3bn cubic metres of water per year.

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Qatar’s Industrial Production Index increases 6% in May – Qatar

The monthly Industrial Production Index (IPI) of Qatar for May 2020 reached 104.2 points, an increase by 6.0% compared to the previous month, and decrease by 2.0% when compared to the corresponding month of 2019.

Issued by the Planning and Statistics Authority, this index details the growth of various industrial sectors in economy such as mining, manufacturing, electricity production, and water production and desalination.

The Industrial Production Index consists of three main components: ‘Mining’, with a relative importance of 83.6%, ‘Manufacturing’ with a relative importance of 15.2%, ‘Electricity’ with a relative importance of 0.7%, and finally ‘Water’ with a relative importance of 0.5%.

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Energy Ministry allows using 26 bcm seawater for industrial purposes – Tehran

According to Ardakanian, coastal provinces such as Hormozgan, Sistan-Baluchestan, and Bushehr can use seawater in projects that do not require water desalination like aquaculture or for cooling the towers of thermal power plants.

“Up to 26 billion cubic meters of seawater has been allocated for such uses, which can be used in coastal provinces as required,” the official said.

He also noted that for those projects that need the seawater to be desalinated, necessary licenses have been issued in the mentioned provinces.

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UAQ’s new water desal plant to start production by 2021-end – United Arab Emirates

Federal Electricity and Water Authority (Fewa) authorities said work is nearing completion on a new water desalination station at Umm Al Quwain, which boasts a capacity of 50 million gallons per day. 

The project’s full capacity upon the completion of all its phases will amount to 150 million gallons per day.

It is set to start production by the end of 2021, stated Mohammad Mohammad Saleh, the Director-General of the Fewa, during his visit today to the site, which will be the largest of its kind in the country operating on reverse osmosis technology.

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Israel passes on Chinese bid for major desalination plant – Israel

Israel on Tuesday awarded a contract to build a new desalination plant to a local company, turning down a bid by a Hong Kong conglomerate at a time of growing U.S. pressure to avoid Chinese investments in key infrastructure.

Israel’s Energy and Water Ministry said it had granted the Sorek 2 desalination plant project to IDE, an Israeli company that has already built several of the country’s saltwater conversion facilities. Outbid for the contract was Hutchison Holdings, a major infrastructure conglomerate from Hong Kong.

The ministry said the new facility was expected to be the largest in the world of its kind and increase the country’s desalination production by 35%. It made no mention of Hutchison or the American pressure campaign.

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