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In the wake of $11.9 billion invested in green initiatives, ENGIE is looking to expand further in the UAE.


With $11.9 billion already spent in various projects in the Gulf nation, French utility company ENGIE is seeking to further establish itself in the market, a senior company official said.

The managing director of thermal and supply for ENGIE in the Asia, Middle East and Africa region, Frederic Claux, stated in a statement to the Emirates News Agency that the company is looking to increase its presence in the UAE by providing green hydrogen projects, battery storage and renewable energy solutions for water desalination.

Water desalination plants, photovoltaic energy, district cooling projects and battery storage projects are all expressly targeted by the company's approach, Claux continued.

ENGIE has already invested in a number of projects in the United Arab Emirates, including the construction of the 1.5 gigawatt-capacity Al Ajban Solar Photovoltaic Plant.

The development and management of the $800 million Mirfa 2 Reverse Osmosis Independent Water Project will fall within the responsibility of the company. It can produce 20 million gallons of water each day.

Although the corporation has set a start date for operations in 2026, it intends to finish the project's financial close and begin building in the next weeks.

Additionally, according to Claux, ENGIE holds a 40% share in the National Central Cooling Co., also referred to as Tabreed.

The French firm now runs six water and electricity plants in the United Arab Emirates.

Once the Mirfa 2 project is included, the company's total investments in this sector will be close to $7 billion.


Source : www.uaenews.com
Posted on :3/11/2024