A new power and water plant in Fujairah promises to turn the emirate into the UAE's northern hub for electricity and water production, at a time when its strategic importance is growing.
A new power and water plant in Fujairah promises to turn the emirate into the UAE's northern hub for electricity and water production, at a time when its strategic importance is growing.

Fujairah plant set to power up Northern Emirates



QIDFA // A new power and water plant in Fujairah promises to turn the emirate into the UAE's northern hub for electricity and water production, at a time when its strategic importance is growing.

More Business news: Editor's pick of today's headlines

Last Updated: May 10, 2011

Thomas Cook hit for £22m amid Middle East cancellations Thomas Cook reports that it has lost GBP22 million because of unrest in the Middle East and North Africa. Read article

Hard times ahead for operatorsThe global telecoms industry faces stagnation but Middle East players stand to benefit from consolidation and cost-saving.  Read article

HSBC posts first-quarter profit surge HSBC sees big gains in the Middle East in spite of the recent unrest, but cost-cutting measures worldwide are still looming for the bank after its layoffs in the region earlier this year. Read article

Market braced forTamweel return Tamweel's shares are expected to fall sharply on its first day of trading for two years but analysts are more optimistic on its bond. Read article

Prices for luxury London property climbing on foreign demand Industry Insights // Prices in London's elite neighbourhoods are soaring, boosted by strong overseas demand, but they are barely moving elsewhere in the UK. Read article

Not all of the 2,000 megawatts of electricity and 130 million gallons a day of drinking water the Fujairah F2 facility can produce at peak capacity will be for local consumption.

"Through this power plant, we can send electricity to anywhere on the UAE national grid," said Abdullah al Naimi, the director general of Abu Dhabi Water and Electricity Authority (Adwea) and the chief executive of Abu Dhabi National Energy, or Taqa.

Adwea and its subsidiary Taqa hold 60 per cent of Fujairah Asia Power, the joint venture formed to own and operate the plant.

"We are committed to supply power in the Northern Emirates," said Mr al Naimi. Freshwater from the plant will be piped to storage facilities in Al Ain, from where it will be distributed to users in Abu Dhabi and other emirates.

Fujairah and its deepwater port on the Arabian Sea have emerged as an oil processing and export hub. A recently completed oil pipeline to Fujairah from Abu Dhabi's main onshore oilfields provides the means for up to half the emirate's crude output to bypass the Gulf and its choke point at the Strait of Hormuz.

In return, Adwea has undertaken to upgrade electricity supplies to Fujairah and the other Northern Emirates, which have suffered from power shortages that have held back their economic development.

At an inauguration ceremony yesterday in Qidfa, the US$2.8 billion (Dh10.28bn) integrated power and water project was hailed as the largest of its kind in the UAE and second largest in the world, and as a testament to national and international co-operation.

"Adwea believes in the importance of international partnership and the benefits these bring," Mr al Naimi said.

The project's other partners, each with a 20 per cent stake, are the Japanese industrial group Marubeni and the Anglo-French International Power-GDF Suez.

Steve Yarrington, the executive managing director of Fujairah Asia, said the "showcase plant" was completed in January, three years after work began at the Qidfa site.

"This plant has been built by the consortium very quickly, even by international standards, said Mark Coxon, an executive of Alstom, the French power and transport group.

Alstom provided the turbines at the heart of electricity generation units capable of delivering as much horse power as 3,000 Formula 1 Ferrari engines.

Hideo Naito, the head of Europe, Middle East and Africa finance at the Japan Bank of International Co-operation, which helped to finance the Fujairah F2 project, said the plant's inauguration was symbolic to all Japanese because it demonstrated that Japan's commitment to the international community had not been thrown off course by the earthquake and tsunami that hit the country on March 11.

Masume Kakinoke, the chief operating officer of Marubeni's power and infrastructure division, said the project's completion was a significant accomplishment for Japanese industry "during very, very hard times", providing a platform for "stronger, deeper, wider" relations with the UAE.

The Fujairah plant is fuelled by up to 60 million cubic feet per day of gas imported from Qatar through the Dolphin Energy pipeline system.

The Abu Dhabi consortium completed a trans-Emirates gas pipeline to Qidfa from its Gulf coast import terminal at Taweelah in December.

Officials declined to comment yesterday on whether an F3 power and water project was being planned. But if such a project were proposed, Fujairah Asia would be interested in building it, said Mr Yarrington.

It is unlikely that Dolphin will be able to guarantee a long-term gas supply for another large project in Fujairah, but the Qidfa site might lend itself to the development of a floating liquefied natural gas import terminal, such as those already built for Kuwait and Dubai.

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

SPECS

Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Indika

Developer: 11 Bit Studios
Publisher: Odd Meter
Console: PlayStation 5, PC and Xbox series X/S
Rating: 4/5

OTHER IPL BOWLING RECORDS

Best bowling figures: 6-14 – Sohail Tanvir (for Rajasthan Royals against Chennai Super Kings in 2008)

Best average: 16.36 – Andrew Tye

Best economy rate: 6.53 – Sunil Narine

Best strike-rate: 12.83 – Andrew Tye

Best strike-rate in an innings: 1.50 – Suresh Raina (for Chennai Super Kings against Rajasthan Royals in 2011)

Most runs conceded in an innings: 70 – Basil Thampi (for Sunrisers Hyderabad against Royal Challengers Bangalore in 2018)

Most hat-tricks: 3 – Amit Mishra

Most dot-balls: 1,128 – Harbhajan Singh

Most maiden overs bowled: 14 – Praveen Kumar

Most four-wicket hauls: 6 – Sunil Narine

 

Stuck in a job without a pay rise? Here's what to do

Chris Greaves, the managing director of Hays Gulf Region, says those without a pay rise for an extended period must start asking questions – both of themselves and their employer.

“First, are they happy with that or do they want more?” he says. “Job-seeking is a time-consuming, frustrating and long-winded affair so are they prepared to put themselves through that rigmarole? Before they consider that, they must ask their employer what is happening.”

Most employees bring up pay rise queries at their annual performance appraisal and find out what the company has in store for them from a career perspective.

Those with no formal appraisal system, Mr Greaves says, should ask HR or their line manager for an assessment.

“You want to find out how they value your contribution and where your job could go,” he says. “You’ve got to be brave enough to ask some questions and if you don’t like the answers then you have to develop a strategy or change jobs if you are prepared to go through the job-seeking process.”

For those that do reach the salary negotiation with their current employer, Mr Greaves says there is no point in asking for less than 5 per cent.

“However, this can only really have any chance of success if you can identify where you add value to the business (preferably you can put a monetary value on it), or you can point to a sustained contribution above the call of duty or to other achievements you think your employer will value.”

 

Ant-Man and the Wasp: Quantumania

Director: Peyton Reed

Stars: Paul Rudd, Evangeline Lilly, Jonathan Majors

Rating: 2/5

Company Profile

Company: Astra Tech
Started: March 2022
Based: Dubai
Founder: Abdallah Abu Sheikh
Industry: technology investment and development
Funding size: $500m

As You Were

Liam Gallagher

(Warner Bros)

Find the right policy for you

Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.

Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.

Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.

Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.

If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.

Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.

Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”

Specs

Engine: 1.5-litre turbo 4-cylinder / 2.0 turbo 4-cylinder (S3)
Power: 148bhp / 328bhp (S3)
Torque: 250Nm / 420Nm (S3)
On sale: December
Price: TBA

BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES

SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities

Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails

Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies

Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments

The Roundup : No Way Out

Director: Lee Sang-yong
Stars: Don Lee, Lee Jun-hyuk, Munetaka Aoki
Rating: 3/5

'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse

Rating: 3/5

Bob Marley: One Love

Director: Reinaldo Marcus Green

Starring: Kingsley Ben-Adir, Lashana Lynch, James Norton

Rating: 2/5

Squads

Sri Lanka Tharanga (c), Mathews, Dickwella (wk), Gunathilaka, Mendis, Kapugedera, Siriwardana, Pushpakumara, Dananjaya, Sandakan, Perera, Hasaranga, Malinga, Chameera, Fernando.

India Kohli (c), Dhawan, Rohit, Rahul, Pandey, Rahane, Jadhav, Dhoni (wk), Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Thakur.

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

CABINET OF CURIOSITIES EPISODE 1: LOT 36

Director: Guillermo del Toro
Stars: Tim Blake Nelson, Sebastian Roche, Elpidia Carrillo
Rating: 4/5

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

Company info

Company name: Entrupy 

Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist

Based: New York, New York

Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.  

Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius. 

Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place. 


Latest
Most Read
Top Videos