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ACWA Power, a leading developer, investor and operator of power generation and desalinated water plants worldwide, will showcase its portfolio of leading renewable energy and water desalination projects at the at 22nd Water, Energy, Technology and Environment exhibition (WETEX) as a Titanium Sponsor. Unlike any of its former editions, WETEX 2020 is launching virtually and will be the first ever carbon-neutral, 3D exhibition in the Middle East and North Africa on Water, Energy, Sustainability and Innovation.

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Cementing its role as a global accelerator of energy transformation, this year at WETEX 2020, ACWA Power will be exhibiting its record-breaking projects that played an instrumental role in lowering renewable energy tariff levels and opened new opportunities in energy efficiency and water production through a virtual 3D interactive stand. The milestone projects will include Shuaa Energy, (MBR Solar Park Phase II); Noor Energy 1 (MBR Solar Park Phase IV); ACWA Power’s newest win – Shuaa Energy 3 (MBR Solar Park Phase V); Umm Al Quwain IWP; and Taweelah IWP, the largest desalination project in the world.

150 41194As always, we are pleased to play a strategic role in one of the largest and most important global water, environment, and energy exhibitions led by the Dubai Electricity and Water Authority (DEWA). We are honoured to have established a robust partnership with DEWA to develop and operate vital projects that promote the sustainable development of the United Arab Emirates and fortify Dubai’s position as a global hub for the green economy, all the while contributing towards Dubai’s ambitious Clean Energy Strategy 2050 to increase its renewable energy share to 75% by the year 2050. The partnership between ACWA Power and DEWA serves as a global module for successful public-private partnerships geared towards supplying energy at a cost efficient and reliable rate.

This year, WETEX is going to be more critical than ever as a result of the increasing economic implications incited by the COVID-19 pandemic. Prioritising innovation today is key to unlocking postcrisis growth – and WETEX is the ideal platform that gathers like-minded stakeholders, governments and companies who are eager to explore and reciprocate insights and visions on forward-looking smart technologies and electrification solutions for a collective prosperous future.
Mohammad Abunayyan, ACWA Power Chairman

Abunayyan also highlighted that this year’s edition is of particular importance in regards to Dubai’s water desalination sector as the emirate has taken a strategic focus on enhancing the sector’s efficiency by increasing its reliance on reverse osmosis technology, expanding its deployment and leveraging modern solutions that utilise energy sources to produce desalinated water.

ACWA Power is partaking in three leading seminars during WETEX this year. Paddy Padmanathan, President and CEO of ACWA Power, is joining the CEO Roundtable alongside CEO of Engie KSA, Turki Alshehri and CEO of Sterling & Wilson, Bikesh Ogra, to discuss the challenges posed by the pandemic and how to prepare for a post covid-19 world.

Abla Addas, Business Development Manager at ACWA Power, will run a seminar on the challenges and opportunities of “Energy Efficiency, Sustainability and Conservation” following the immense impact of the lockdown period on the environment. Dr. Andrea Lovato, Vice President & Head of Renewables Development at ACWA Power, will lead a robust session on the potential of green hydrogen as a cleaner alternative to fossil fuels.

With a constantly evolving portfolio of clean energy plants, ACWA Power has been a prominent contributor to the development, investment, and operation of renewable energy plants internationally, with 21.5% of its current global portfolio dedicated to renewable energy.

The 22nd WETEX and the 5th Dubai Solar Show (DSS) 3D virtual exhibition will be the first of its kind in the Middle East and North Africa. It will provide a new experience for exhibitors and visitors from around the world to learn, engage and network with the pioneering industry players. The DEWA-led event will enable exhibitors to display their products innovatively through 3D customisable stands and facilitate meetings, seminars, and workshops using the latest smart technologies.

Published in Green Industry

Siemens has signed contracts worth €8 billion for high-efficiency natural gas-fired power plants and wind power installations that will boost Egypt's power generation capacity by more than 50 percent compared to the currently installed base. The projects will add an additional 16.4 gigawatts (GW) to Egypt's national grid to support the country's rapid economic development and meet its growing population's demand for power.

siemens egypt

The signing ceremony was witnessed today in Berlin, Germany by Egyptian President Abdel Fattah El-Sisi and German Vice Chancellor Sigmar Gabriel. The orders expand on the memorandums of understanding announced at the Egypt Economic Development Conference (EEDC) held in Sharm El Sheik in March 2015.

"With these unprecedented contracts, Siemens and its partners are supporting Egypt's economic development by using highly efficient natural gas and renewable technologies to create an affordable, reliable and sustainable energy mix for the country's future," said Joe Kaeser, President and CEO of Siemens AG. "The Egyptian people can count on Siemens. This was true more than 150 years ago when Siemens first started working in Egypt, and it remains our commitment today at this historic signing."

Together with local Egyptian partners Elsewedy Electric and Orascom Construction, Siemens will supply on a turnkey basis three natural gas-fired combined cycle power plants, each with a capacity of 4.8GW, for a total combined capacity of 14.4GW. Each of the three power plants –- Beni Suef, Burullus and New Capital – will be powered by eight Siemens H-Class gas turbines, selected for their high output and record-breaking efficiency.

The plants will add power to the grid in stages. Plans call for an initial 4.4GW to go online before summer 2017 and the full 14.4GW to become available 38 months after the financing has closed and advance payments have been received. Once completed, the three power plants will be the largest in the world.

Siemens will also deliver up to 12 wind farms in the Gulf of Suez and West Nile areas, comprising around 600 wind turbines and an installed capacity of 2GW. The company will build a rotor blade manufacturing facility in Egypt's Ain Soukhna region, which will provide training and employment for up to 1,000 people. The facility is scheduled to go into operation in the second half of 2017.

Siemens' Financial Services Division (SFS) has structured a financing package for Siemens' role in the contracts, including a tailored guarantee concept. The envisaged loan facilities, supported to a large extent by Export Credit Agency coverage in Germany and Denmark, will be provided by international and regional banks.

Siemens has been doing business in Egypt since 1859 and has maintained a continuous presence in the country since opening its first office in Cairo in 1901. The company's technology has been implemented in the Attaka, Nubaria, Talkha, Damietta, Sidi Krir, Cairo West, Ayoun Mousa, Midelec and El Kureimat power plants. Siemens is also a key technology supplier for major projects in the mobility, healthcare and manufacturing sectors.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is No. 1 in offshore wind turbine construction, a leading supplier of gas and steam turbines for power generation, a major provider of power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2014, which ended on September 30, 2014, Siemens generated revenue from continuing operations of €71.9 billion and net income of €5.5 billion. At the end of September 2014, the company had around 357,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Published in Uncategorised