Almost 11 per cent of the UAE’s foreign aid last year went towards energy projects.
The sector received Dh635 million in aid, more than any other apart from health and general assistance.
Grants included Dh221m for the development of solar systems in Mauritania and Afghanistan.
In Mauritania’s capital Nouakchott, Masdar provided Dh164m to build a 15-megawatt solar power station that will increase the country’s electricity capacity by 10 per cent.
Each year the station, named after Sheikh Zayed, will prevent 21,225 tonnes of carbon dioxide from being released into the atmosphere, according to Masdar. The country faces severe energy shortages and has relied solely on diesel generators for its national grid capacity of 144 megawatts.
In Afghanistan, 600 households in eight isolated villages will be provided with electricity by a solar energy project on which Masdar spent Dh57m.
The projects were part of Masdar’s support for the UN’s Year of Sustainable Energy for All. The global initiative aims to improve energy efficiency and promote the use of renewables.
A solar energy plant in Tonga and a wind plant in the Seychelles received funding from the Abu Dhabi Fund for Development.
hdajani@thenational.ae
* This story has been modified to clarify that the aid given was in dirhams and not dollars and originally stated.
match info
Manchester United 3 (Martial 7', 44', 74')
Sheffield United 0
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
The biog
First Job: Abu Dhabi Department of Petroleum in 1974
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
THE BIO: Mohammed Ashiq Ali
Proudest achievement: “I came to a new country and started this shop”
Favourite TV programme: the news
Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”
Family: six sons in Dubai and a daughter in Faisalabad
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors