ACWA Power secures investment from Silk Road Fund

From left, Cao Min, Mohammad Abu Nayyan, Sheikh Mohammed bin Rashid Al-Maktoum, and Saeed Mohammed Al-Tayer.
Updated 24 July 2018
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ACWA Power secures investment from Silk Road Fund

ACWA Power, a leading developer, owner, and operator of power generation and water desalination plants, has announced that China’s Silk Road Fund will acquire a 24.01 percent equity interest in the 700MW DEWA Concentrated Solar Power (CSP) project in the UAE.
In the presence of Chinese President Xi Jinping, Vice President and Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al-Maktoum, and the crown prince of Abu Dhabi, Sheikh Mohammed bin Zayed Al-Nahyan, Saeed Mohammed Al-Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), and Yanzhi Wang, president of the Silk Road Fund, exchanged the executed investment agreements concerning the DEWA Concentrated Solar Power Project (DEWA CSP Project), which will be jointly invested and developed by DEWA, the Silk Road Fund, and ACWA Power.
The DEWA CSP project, which was awarded to an ACWA Power led consortium in 2017, is the 4th phase of the Mohamed bin Rashid Solar Park, the largest single-site concentrated solar power plant in the world.
The project uses a state-of-the-art combination of a central tower and parabolic trough technologies to collect energy from the sun, store it in molten salt and produce steam as required to generate electricity during the day and throughout the night.
The project is projected to deliver electricity at a levelized tariff of $7.30 cents per kilowatt-hour 24 hours a day; a cost level that competes with fossil fuel generated electricity without subsidy for reliable and dispatchable solar energy around the clock.


Robotic-assisted surgery at JHAH a first for Kingdom

Updated 23 June 2019
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Robotic-assisted surgery at JHAH a first for Kingdom

Johns Hopkins Aramco Healthcare (JHAH) has become the first hospital in Saudi Arabia to perform a robotic-assisted hysterectomy using fluorescent dye.

“The precision achieved through the use of robotic-assisted surgery has multiple benefits for patients,” said Dr. Turky Al-Rujaib, JHAH gynecologic oncologist, who along with Dr. Fahad Al-Mulhim, gynecologist, performed the procedure for endometrial cancer. “Women whose hysterectomies are robotic-assisted surgeries have less pain and blood loss, shorter hospital stays, require fewer narcotics and recover more quickly.”

JHAH’s robotic surgery program began in December 2016 when Dr. Tareq M. Al-Tartir, JHAH sub-specialist surgeon, and his team collaborated with Dr. Mohamad Allaf, professor of urology, oncology and biomedical engineering at Johns Hopkins School of Medicine (JHSoM) and director of minimally invasive urology, and his team. They jointly conducted the first surgeries in the Kingdom using the da Vinci Xi robotic surgical system. The program has since expanded and includes gynecological surgeries and bariatric surgery.

“This successful operation could not have been done without the support of the JHAH robotic team,” said Dr. Al-Mulhim. “We are pleased to report the patient is recovering well. This is a tremendous achievement that going forward will improve the outcomes for many of our patients here at JHAH.”

The robot’s “hands” have a high degree of dexterity, allowing surgeons the ability to operate in very tight spaces, for example the pelvis, that would otherwise only be accessible through open surgery with long incisions. Life after surgery is improved with this technique as there is minimal scarring, fewer postoperative complications and often a faster return to normal activities. 

JHAH is the result of a joint venture between Saudi Aramco, a world leader in energy, and Johns Hopkins Medicine, one of the world’s leading academic health systems. This health care organization is designed to drive and enhance the well-being of the community in an environment of growth and learning, by providing innovative, integrated and patient-centered care to Saudi Aramco’s employees and health care beneficiaries.