EDF wins Dewa consultancy deal on hydropower project



France’s EDF has been appointed to provide consultancy on a hydropower project in Dubai as part of an almost Dh2 billion development plan for Hatta.

Dubai Electricity and Water Authority (Dewa) awarded the French firm a Dh58 million consultancy contract for the pumped storage hydroelectric facility in the mountainous Hatta region. EDF will be in charge of the design of the station including undertaking the deep excavation studies.

The facility will use solar energy to pump water from the lower dam to the upper reservoir, which will be 300 metres above the dam level. The utility said the power production efficiency will reach 90 per cent with a 90-second response time to demand. The plant, which will have a total capacity of 250 megawatts, was announced last year.

Saeed Al Tayer, the managing director and chief executive of Dewa, said the plant was part of the Hatta Comprehensive Development Plan, which aims to turn the mountain city into a tourist destination. It will include hundreds of homes for Emiratis as well as green areas for winter sports and a mountain track circuit.

Mr Al Tayer last year said: “Over 2,000 jobs will be required during the implementation phase, while over 200 permanent technical and administrative jobs will be needed to oversee the operation and maintenance of the station in its facilities.” He added that a further 300 jobs were expected to be created for the visitor and tourist centre, outdoor activities and the accommodation and visiting facilities associated with the project.

“Other than energy and irrigation, the project will provide services including flood control and storing fresh drinking water,” he said.

In addition to the hydropower station, solar panels – as part of the Shams Initiative – will also be added to 640 villa rooftops throughout the area via the Dewa-owned Etihad Energy Services Company. The firm awarded the project to three companies including Dubai Carbon Centre of Excellence, Abu Dhabi’s Alsa Solar and Al Mostajed General Contracting of Dubai.

Last month, Dubai Carbon brought in Germany’s Innogy to help to develop and implement rooftop solar. The companies will work together to design a standardised, low-cost solar kit for homeowners as well as industries.

Dubai Carbon will work on adding solar to 220 villas, with the PV installations expected to be completed by the end of next year.

lgraves@thenatioal.ae

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The years Ramadan fell in May

1987

1954

1921

1888

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5