DEWA announces winning tender for world’s largest solar project

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Sheikh Mohammed bin Rashid, the Ruler of Dubai, said the launch of the world’s largest concentrated solar power plant puts the UAE in leadership position on clean energy sources. (Courtesy Dubai Media Office)
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The 700-megawatt extension would have the world’s tallest solar tower, measuring 260 meters.
Updated 16 September 2017
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DEWA announces winning tender for world’s largest solar project

DUBAI: The Dubai Electricity and Water Authority (DEWA) has announced the winning tender for the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site concentrated solar power project in the world.
DEWA awarded the tender to a consortium of Saudi Arabia’s ACWA Power and China’s Shanghai Electric, which bid the lowest price at 7.3 US cents per kilowatt-hour, the lowest ever for a solar energy plant.
The Dh14.2 billion project would be commissioned in stages, starting from the fourth quarter of 2020. The 700-megawatt extension would have the world’s tallest solar tower, measuring 260 meters.
“The implementation of the world’s largest concentrated solar energy project underlines the UAE’s leadership on the world stage in producing clean and renewable energy and reinforces our position at the forefront of the most advanced countries in this field,” said Sheikh Mohammed bin Rashid, the Ruler of Dubai, said in a statement.
“We are implementing projects that translate the overall development directions in our country and support the ambitious goals that we set for the future and started implementing it today.”


Dubai aims to increase the share of clean energy to its total power production to 7 percent by 2020, further increasing it to 25 percent by 2030 and 75 percent by 2050.
“Our focus on renewable energy generation has led to a drop in prices worldwide and has lowered the price of solar power bids in Europe and the Middle East. This was evident today when we received the lowest CSP project cost in the world,” said Saeed Mohammed Al-Tayer, the chief executive of DEWA.


For Iranians, economic crisis looms larger than US tensions

Updated 19 May 2019
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For Iranians, economic crisis looms larger than US tensions

  • Iran’s 80 million people struggle to buy meat, medicine and other staples of daily life
  • Many pointed to the economy, not the possible outbreak of war

TEHRAN: Across Iran’s capital, the talk always seems to come back to how things may get worse.
Battered by US sanctions and its depreciating rial currency, Iran’s 80 million people struggle to buy meat, medicine and other staples of daily life.
Many pointed to the economy, not the possible outbreak of war, as Iran’s major concern. Iran’s rial currency traded at 32,000 to $1 at the time of the 2015 nuclear deal. Now it is at 148,000, and many have seen their life’s savings wiped out.
Nationwide, the unemployment rate is 12 percent. For youth it’s even worse, with a quarter of all young people unemployed, according to Iran’s statistic center.
“The economic situation is very bad, very bad. Unemployment is very high, and those who had jobs have lost theirs,” said Sadeghi, the housewife. “Young people can’t find good jobs, or get married, or become independent.”
Sores Maleki, a 62-year-old retired accountant, said talks with the US to loosen sanctions would help jumpstart Iran’s economy.
“We should go and talk to America with courage and strength. We are able to do that, others have done it,” Maleki said. “We can make concessions and win concessions. We have no other choice.”
But such negotiations will be difficult, said Reza Forghani, a 51-year-old civil servant. He said Iran needed to get the US to “sign a very firm contract that they can’t escape and have to honor.” Otherwise, Iran should drop out of the nuclear deal.
“When someone refuses to keep promises and commitments, you can tolerate it a couple of times, but then certainly you can’t remain committed forever. You will react,” Forghani said. “So I don’t think we should remain committed to the deal until the end.”
Yet for Iran’s youth, many of whom celebrated the signing of the 2015 nuclear deal in the streets, the situation now feels more akin to a funeral. Many openly discuss their options to obtain a visa — any visa — to get abroad.
“Young people have a lot of stress and the future is unknown,” said Hamedzadeh, the 20-year-old civil servant. “The future is so unknown that you can’t plan. The only thing they can do is to somehow leave Iran and build a life abroad.”