Acwa Power secures $125m Apicorp funding for future projects
RIYADH, January 6, 2021 Apicorp, a leading multilateral development financial institution, said it has signed a $125 million shariah-compliant corporate facility with Acwa Power, a major Saudi developer, investor and operator of power generation and desalinated water plants worldwide, to support its future growth pipeline. Announcing the deal, Apicorp said it is aligned with Apicorp and Acwa Power’s shared mission of accelerating the energy transition in the Mena region and globally through green technologies, which currently comprise over 15% of Apicorp’s financing portfolio. The facility has been earmarked for funding Acwa Power’s investments in renewable projects in the countries it operates in, as well as future high-growth markets.
Abu Dhabi’s government-run oil company is teaming up with two of its sovereign wealth funds to turn the petroleum-rich emirate into an exporter of blue and green hydrogen.
Sheikh Mohammed launches DEWA’s space programme and Hatta tourism projects
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The Space-D programme will include the launch a main satellite with the latest imaging and communication technologies
January 13, 2021
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched Dubai Electricity and Water Authority’s space programme, Space-D, that aims to build DEWA’s capabilities and train Emirati professionals to use space technologies to enhance its electricity and water networks.