ENERGY INTELLIGENCE REPORT
12TH DECEMBER, 2016
MASDAR IN THE NEWS (3)
Solar-powered irrigation technology helps make UAE farms greener The National
"The idea behind this project was to promote sustainability solutions," said Mr Al Mansoori who is
engineering and development manager at Handasa, a green energy company in Masdar City.
ADIPEC 2016 sets new records World Oil
ADIPEC 2016 was hosted by the Abu Dhabi National Oil Company (ADNOC), organized by dmg
events, and supported by the UAE Ministry of Energy, Masdar, the Abu Dhabi Chamber, and the
Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi).
ADSW 2017 on track to be most important in the event’s history BQ Magazine
Hosted by Masdar, the forthcoming ADSW theme is ‘Practical Steps Towards a Sustainable Future’.
The week’s anchor event, the World Future Energy Summit (WFES), will be celebrating its 10-year
anniversary with a strong focus on technology, innovation and finance.
UAE (2)
Solar power in Saudi Arabia and the UAE: what you need to know Business Review ME
In a 2008 study, The Center for Global Development reported that solar power in the Middle East
and North Africa region (MENA) has the potential of providing 50 to 70 percent of the world’s total
electricity demand.
Dewa reaches financial closure for 2,400MW power project Al Arabiyah
Dubai Electricity and Water Authority (Dewa) has reached financing deal for the 2,400MW Hassyan
clean coal power project, with a consortium led by Acwa Power, according to TradeArabia News
Service.
MENA (5)
Jordan secures WB soft loan to optimise water, energy management Jordan Times
Jordan on Sunday signed a $250 million soft loan with the World Bank to enhance reforms in the
energy and water sectors.
Qatar to merge state-owned giant gas producers The National
Qatar, the world’s largest liquified natural gas producer, announced on Sunday it is to merge stateowned Qatargas and RasGas to create a "truly unique global energy operator".
Iraq invites bids to build first phase of oil export pipeline to Jordan Reuters
Iraq has invited energy companies and investors to bid to build and finance the first phase of a
pipeline that will eventually connect the southern city of Basra with Jordan's Red Sea port of
Aqaba.
WB grants Jordan USD 250-mln loan for water, energy KUNA
Jordan signed a soft loan agreement worth USD 250 million with the World Bank on Sunday for
supporting water and energy sectors across the Kingdom.
Hassyan Energy gets $2.47 billion financing for its clean coal project Saudi Gazette
Hassyan Energy Phase 1 PSC reached financial close on DEWA’s 2.4 GW Hassyan Clean Coal Project
with the signing of $2.47 billion financing. The completed financing secures the future of the
Middle East’s first ultra-super critical coal development, and facilitates the production of 2,400
MW of net electricity by March 2023.
AFRICA (1)
Energy fund delivers more than nine per cent returns The Guardian
The Nigeria Energy Sector Fund (NESF), a closed-end investment vehicle quoted on the Nigerian
Stock Exchange (NSE) has declared a coupon payment of N51 per note to unit holders for the
financial year ended March 31, 2016.
EUROPE (6)
Ofgem partner: energy users may pay across reliability tiers in future The Guardian
Communities may be split between those who can pay for ‘higher level’ of energy reliability and
those living ‘in the dark’.
Renewable Heat Incentive: Nichola Mallon says assembly recall considered BBC News
An SDLP MLA says the opposition parties are looking at the possibility of recalling the assembly
over the issue of the Renewable Heat Incentive scheme.
Study reveals the full power of wind energy in curbing harmful carbon emissions The National Scotland
WIND power plays a “key” role in curbing greenhouse emissions from other energy sources such as
coal and gas, a new study has shown.
Signs of progress on fossil fuel subsidies FT
Last month the Council of Europe (PACE), representing 47 countries, published a position paper on
fracking and agreed that the further exploitation of unconventional hydrocarbons was
incompatible with the Paris Accord on climate change and encouraged all member countries to
direct resources towards energy conservation and renewable energy.
Britain facing energy crisis that could see families pay extra to keep the lights on while
neighbours 'sit in the dark' The Telegraph
Britain's increasing reliance on "intermittent" renewable energy means that the country is facing
an unprecedented supply crisis, a senior Ofgem executive has warned.
Scots make green dream global reNews
Scottish renewable energy businesses are working in 43 countries across the world, according to
research by industry body Scottish Renewables.
NORTH AMERICA (6)
Quebec paves way for oil, gas exploration with new energy plan The Globe and Mail
Quebec’s legislature passed a bill that will pave the way for more oil and gas exploration, providing
a boost to drillers such as Junex Inc. while drawing criticism from environmental, aboriginal and
citizen groups.
Rick Perry could be Trump pick for energy, department he couldn't name The Guardian
The former Texas governor Rick Perry, who could not remember the name of the Department of
Energy when listing those he would scrap as president, has emerged as a leading candidate to lead
it under President-elect Donald Trump, a transition official said on Sunday.
Bill Gates Among Rich Individuals Backing $1 Billion Energy Fund Bloomberg
Bill Gates and more than a dozen of the world’s wealthiest individuals revealed a new $1 billion
investment fund late Sunday to foster major advances in clean energy production.
Google Effect Rubs Off on Schools in One Rural Oklahoma Town NYT
Students at Pryor High School study robotics. Elementary schools have basic computer
programming classes using free laptops, online collaboration software and Wi-Fi spread across this
small town in Oklahoma’s Green Country.
In Canada, $7b dam tests the limits of state power Gulf News
Within a decade, water will flood a 51-mile stretch of the river, the result of a $7 billion (Dh25.71
billion; 8.8 billion Canadian dollars) hydroelectric dam and power station, known as Site C.
SolarReserve Wins Platts Global Energy Award for Commercial Application of the Year 2016
Yahoo! Finance
SolarReserve, a leading global renewable infrastructure developer of utility-scale solar power
projects and advanced solar thermal technology with integrated energy storage, received
Commercial Application of the Year for its Crescent Dunes Solar Energy Project at the 2016 Platts
Global Energy Awards, one of the industry's most prestigious awards.
ASIA (7)
China on yellow alert for smog in many cities ET Energy World
China's meteorological authorities today issued a yellow alert for a new bout of smog that is
expected to hang heavy in large areas of the country.
Removal of BOI incentives to hike power rates by P0.30/kwh Manila Bulletin
Electricity rates are anticipated to go up by additional P0.30 per kilowatt-hour (kwh) with the plan
of the Board of Investments (BOI) to scrap income tax holiday (ITH) perks for energy projects under
the currently drafted Investment Priorities Plan (IPP).
Russian Energy Minister: Putin Supportive of OPEC Deal Bloomberg
Russian Energy Minister Alexander Novak discusses OPEC's oil output agreement with Bloomberg's
Annmarie Hordern in Vienna.
‘Time to leave history of coal behind’ The Hindu
Natural gas is 50 per cent cleaner on carbon emissions than coal. The IGU sees it as an evolution societies tend to decarbonise as they progress.
Austrian companies eager to participate in Iran’s energy projects Tehran Times
The Austrian representatives said they are eager to cooperate with Iran in renewable energy
sector and offer training services in this field.
Administrative problems impede growth in Indonesia's energy sector The Jakarta Post
Stakeholders in Indonesia’s energy sector have to spend too much time dealing with administrative
problems, preventing them from allocating enough resources to create innovations that could
improve the industry, an official has said.
China halts North Korean coal imports ET EnergyWorld
Beijing: China announced today that it was suspending coal imports from North Korea for three
weeks, in line with the latest UN sanctions against the hermit state.
AUSTRALIA (4)
Energy policy must focus on gas The Australian
The Left believes in climate change and wants an emissions trading scheme to deal with it; the
Right is stoutly holding the line against “dumb” cost increases and anything that looks like a carbon
tax, and doesn’t entirely believe in climate change at all, really, when you get down to it.
Will the internet of things sacrifice or save the environment? The Guardian
Some devices will power themselves but the more complex will contribute to the world’s huge
data storage energy bill.
Markets Live: Oil saves the day SMH
Oil was the centre of attention today, following another surprise oil production cap which boosted
energy and mining stocks, but concerns over the impending rate hike in the US is starting to weigh
on investors minds.
Windfarm in Barnaby Joyce's NSW electorate gets $120m CEFC loan The Guardian
Clean Energy Finance Corporation loan comes three months after minister slammed SA’s overreliance on wind power.
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