Construction of the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai has commenced, with the completion of the first 128 pillars of the scheme’s main tower, project owner Dubai Electricity and Water Authority (Dewa) said on Saturday.
The Dh50 billion energy scheme is projected to reach a total capacity of 5,000 megawatts (MW) by 2030, accelerating Dubai’s efforts to shift towards use of clean and renewable energy, Dewa said.
The UAE plans to meet 7 per cent of its power needs from solar over the period between now and 2020.
The fourth phase of the park is being developed by Noor Energy 1, a partnership between Dewa, Saudi Arabia’s Acwa Power and China’s Silk Road Fund. It is the world’s largest single-site investment project in Concentrated Solar Power (CSP) technology, which generates energy from the sun by using mirrors and lenses spread over large areas. The technique is receiving considerable uptake in the region due to its lower costs.
It will also have the world’s tallest solar tower, at 260 metres, and the largest thermal energy storage capacity in the world of 15 hours, enabling round-the-clock energy generation, Saeed Al Tayer, managing director and chief executive of Dewa, said in a statement to media.
___________
Read more:
[ Dubai adds 250MW capacity to fourth phase of solar park ]
[ Dubai to tender 300MW solar plant by the beginning of 2019 ]
[ Concentrated solar power projects to accelerate in the Mena region: BMI report ]
___________
The scheme also achieved the lowest electricity generation cost in the world, of 2.4 US cents per kilowatt hour for the 250MW panels and 7.3 cents per kW/h for the 700MW CSP technology.
The total capacity of the fourth phase of the solar park rose from 700MW to 950MW with investments for this phase reaching Dh16bn, Mr Al Tayer added.
In May, the solar park opened the first part of its phase three – which is being built by Abu Dhabi’s Masdar and France’s EDF Group and targeted for completion by 2020.
At the time, Mr Al Tayer said a 300MW CSP plant would be tendered before the first quarter of 2019, exceeding the scheme’s targeted installed capacity of 1,000MW by 2020.
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
THE SPECS
Battery: 60kW lithium-ion phosphate
Power: Up to 201bhp
0 to 100kph: 7.3 seconds
Range: 418km
Price: From Dh149,900
Available: Now
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies+– by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer+(2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
12 restaurants opening at the hotel this month
Ariana’s Persian Kitchen
Dinner by Heston Blumenthal
Estiatorio Milos
House of Desserts
Jaleo by Jose Andres
La Mar
Ling Ling
Little Venice Cake Company
Malibu 90265
Nobu by the Beach
Resonance by Heston Blumenthal
The Royal Tearoom
'Midnights'
Artist: Taylor Swift
Label: Republic Records
Rating: 4/5
Mountain Boy
Director: Zainab Shaheen
Starring: Naser Al Messabi
Rating: 3/5
BIRD BOX BARCELONA
Directors: David and Alex Pastor
Stars: Georgina Campbell, Mario Casas, Diego Calva
Rating: 2/5
'The Last Days of Ptolemy Grey'
Rating: 3/5
Directors: Ramin Bahrani, Debbie Allen, Hanelle Culpepper, Guillermo Navarro
Writers: Walter Mosley
Stars: Samuel L Jackson, Dominique Fishback, Walton Goggins
PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150+ employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
The specs: 2018 Maserati Levante S
Price, base / as tested: Dh409,000 / Dh467,000
Engine: 3.0-litre V6
Transmission: Eight-speed automatic
Power: 430hp @ 5,750rpm
Torque: 580Nm @ 4,500rpm
Fuel economy, combined: 10.9L / 100km
SPECS
Engine: 1.5-litre 4-cylinder
Power: 101hp
Torque: 135Nm
Transmission: Six-speed auto
Price: From Dh79,900
On sale: Now
COMPANY PROFILE
Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)
Honeymoonish
Director: Elie El Samaan
Starring: Nour Al Ghandour, Mahmoud Boushahri
Rating: 3/5
