70 centers planned to assess Kingdom’s renewable sources

Updated 03 July 2013
0

70 centers planned to assess Kingdom’s renewable sources

King Abdullah City for Atomic and Renewable Energy (KACARE) recently embarked on the establishment of 70 stations and centers aimed to determine renewable energy sources in all parts of the Kingdom, local media said.
The centers will assess all renewable sources, including solar, wind, waste-conversion, and geothermal energies and collect ground readings from different parts in a step to build a database that will help implementation of renewable energy projects for electric generation and water desalination.
Meanwhile, the KACARE is currently organizing a workshop to acquaint attendees on a national map of renewable energy sources in the Kingdom. The map, scheduled to be finalized by the end of the current year, will be used by all concerned parties such as universities, research centers and energy project developers.
So far, ten centers have been erected and evenly distributed to collect all weather and air data conducive to show renewable energy sources in all parts of the Kingdom. The data will be accessible by researchers through a website on some basic information such as solar radiation and wind speed.
KACARE is reportedly working on the project with a number of national entities such as King Abdulaziz City for Science and Technology (KACST), King Abdullah University for Science and Technology (KAUST), Technical and Vocational Training Corporation (TVTC), Saudi Electricity Company (SEC), Saudi Company for Power Transmission (SCPT), Saline Water Conversion Corporation (SWCC), the Royal Commission for Jubail and Yanbu (RCJY).
The Kingdom, which recently selected eight locations to test the possibility of producing electricity from wind energy, is said to have the ability to reduce consumption of hydrocarbon fuels in electricity generation and water desalination up to 50 percent by 2032 by resorting to other renewable sources. According to a study released by KACARE, the share of renewable energy in this regard will roughly hit 30 percent.
The Kingdom is targeting that the share of solar energy to electricity generation capacity will be between 16-22 percent by 2032, or 41 Giga-Watt (GW), sources said.


Urgency needed to boost Palestinian economy: IMF chief

Updated 26 June 2019
0

Urgency needed to boost Palestinian economy: IMF chief

  • The MF has been warning of severe deterioration in the Palestinian economy
  • ‘If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained’

MANAMA: IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.
The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute with Israel which has also imposed a crippling blockade on the Gaza Strip for more than a decade.
“If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained,” said Lagarde.
The IMF chief is attending a conference in Bahrain to discuss the economic aspects of a United States plan for Israeli-Palestinian peace, which has already been rejected by the Palestinians as it fails to address key political issues.
Lagarde said for the US plan to work “it will require all the goodwill in the world on the part of all parties — private sector, public sector, international organizations and the parties on the ground and their neighbors.”
Citing examples of post-conflict countries, Lagarde said that private investors needed progress in several sectors including strengthening the central bank, better managing public finance and mobilizing domestic revenue.
“If anti-corruption is really one of the imperatives of the authorities — as it was in Rwanda, for instance — then things can really take off,” she said.
The plan presented by White House adviser Jared Kushner calls for $50 billion of investment in the Palestinian territories and its neighbors within a decade.
The proposals for infrastructure, tourism, education and more aim to create one million Palestinian jobs.
Gross domestic product in the Gaza Strip declined by eight percent last year, while there was only minor growth in the West Bank.
Kushner, opening the conference on Tuesday, called the plan the “Opportunity of the Century” — and said the Palestinians needed to accept it before a deal can be reached on political solutions.
The Palestinian Authority has rejected the conference, saying that the US and Israel are trying to dangle money to impose their ideas on a political settlement.
Washington says it will unveil the political aspects of its peace deal at a later date, most likely after Israel’s September election.