In 2017 Kuwaiti citizens were offered an opportunity to own a piece of history in an unprecedented stock market floatation. An initial public offering (IPO), which was due to take place by the end of 2017, was for a 50% stake in the country’s first independent water and power project (IWPP), the initial phase of Al Zour north.
The first green shoots of renewable energy have begun to appear in Kuwait as new solar projects come on-stream and recognise the potential to cut costs, reduce emissions and divert fuel to export markets rather than domestic consumption. In November 2016 the emir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah, demonstrated the country’s...
The decision to offer its citizens an opportunity to buy shares in its newest water and electricity generating plant is, in a sense, a case of transferring power to the people. The floatation of 50% of the equity of Al Zour North One, which began operating in December 2016, was always part of the plan. It is not a case of a long-established...
New technologies are being deployed across Abu Dhabi’s energy sector to extract as much oil and gas from the sea bed and desert sands as possible to reap the optimum return on investment. However, developing new technologies can be expensive, and in a commercial setting R&D budgets may be the first to be trimmed when the focus is on...
Renewable energy has quite literally taken off in Abu Dhabi, with the emirate taking centre stage in the first solar-powered flight around the planet, while Abu Dhabi Water and Electricity Authority (ADWEA) received a new world record lowest bid for a solar power generation project. With a new 2050 energy strategy in place at the federal level...
Faced with rising consumption by its industries and power generators, Abu Dhabi is determined to leverage its domestic natural gas assets to reduce its reliance on imports. Abu Dhabi National Oil Company (ADNOC) has developed an integrated Gas Master Plan as part of its 2030 Strategy that will see it investing in the expansion of its sour gas...
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