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Dewa urges residents to benefit from Shams Dubai initiative

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has again invited Dubai’s citizens and residents to benefit from the Shams Dubai smart initiative, following the outstanding success and the great adoption rate the initiative has achieved since its launch. Shams Dubai encourages DEWA customers to install solar photovoltaic panels on the roofs of their premises to generate electricity from ...

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Abu Dhabi records 22% drop in traffic fatalities

Abu Dhabi / WAM Abu Dhabi Police have announced positive results in traffic safety during the four months of the year with a reduction in general traffic accidents by 11 percent, fatalities by 22 percent, serious injuries by 14 percent and run-over deaths by 50 percent despite an 11 percent increase in the number of vehicles and 6 percent in ...

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Shell markets gas with offset package as neutral for climate

Bloomberg Royal Dutch Shell Plc is attempting to market some of its natural gas as clean energy, packaging it with credits for eco-friendly projects that offset pollution coming from the fuel. The oil giant is offering business customers in Europe a combination of gas and certificates that show emissions are offset with financing for carbon-reduction projects. It’s testing markets in ...

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South Africa plans to add up to $4bn of renewables

Bloomberg South Africa plans to invite bidders for additional renewable power projects that may amount to as much as 50 billion rand ($4 billion) of investment and help stimulate local and black-owned business. The fifth bid window for 1,800 megawatts of renewable projects under the government’s independent power producers program will start in November, according to a copy of Energy ...

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US gas caps biggest May gain since 2010 as deficit sticks

Bloomberg US natural gas futures are having their best May rally since 2010 as hot weather boosts demand for the power plant fuel, slowing efforts to refill depleted inventories. Prices rose to a four-month high after the Energy Information Administration reported inventories rose by 96 billion cubic feet last week to 1.725 trillion. The median estimate by analysts predicted a ...

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Enel wins bidding war for $2bn Brazil utility

Bloomberg Italian power giant Enel SpA won a highly contested multibillion-dollar battle for AES Corp.’s Brazilian utility in a move that will more than double its presence in the country’s electricity distribution market. Enel’s 45.22 reais-a-share ($12.14) offer for Eletropaulo SA topped a final one by leading rival Iberdrola SA of Spain in sealed bids opened on the Sao Paulo ...

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