New solar power plant to provide green energy

Updated 04 March 2015
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New solar power plant to provide green energy

The energy division of Yusuf Bin Ahmed Company Ltd. inaugurated a 60 kW solar power plant to provide green energy to their facility in the presence of South Korean Consul General Nakyoung Oh and Khalid bin Mohammed Kanoo Group Deputy Chairman Ahmed Fawzi Kanoo, area manager-Western Province.
This power plant was built with Korean technology led by Korea Nuclear Engineering Services Corporation (KONES) and its affiliates.
The inauguration took place on Monday at the Kanoo offices in Jeddah. The project consists of 228 mono crystalline silicon PV modules of high efficiency set at 15 degrees south, and connected with three inverters to convert DC current to AC current, connected with a step-up transformer to 220 volts, which is connected direct into the building. The system will produce between 300 and 400 KWH per day.
The shaded areas under the solar modules were used as a car parking for 28 cars.
A complete whether station was built to monitor the solar energy on daily basis coupled with a state-of-the-art control system to affect the synchronization with the utility grid.
This system will contribute to reducing the power consumption of the building. It was designed in modular form so it can be doubled and trebled depending on the need.
A group of Korean companies contributed to the design and configuration of this system with the latest technology to connect a solar system with the public grid.


Owner of Abu Dhabi’s Al Hilal Bank appoints chairman and CEO

Updated 21 April 2019
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Owner of Abu Dhabi’s Al Hilal Bank appoints chairman and CEO

  • Eraiqat is currently group chief executive of Abu Dhabi Commercial Bank (ADCB)
  • Eraiqat will serve as chairman at Al Hilal in addition to his current role at ADCB

DUBAI: Abu Dhabi Islamic lender Al Hilal Bank said on Sunday its owner, the Abu Dhabi Investment Council, had appointed Alaa Eraiqat as the bank's chairman.
Eraiqat is currently group chief executive of Abu Dhabi Commercial Bank (ADCB), which is expected to merge with Al Hilal Bank and Union National Bank (UNB) in the first half of 2019.
Eraiqat will serve as chairman at Al Hilal in addition to his current role at ADCB.
The Abu Dhabi Investment Council, a sovereign wealth fund which combined with Abu Dhabi state fund Mubadala last year, also appointed Amr Saad Al Menhali as chief executive of Al Hilal Bank.