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Vestas warns wind turbine backlog dragging on earnings

BLOOMBERG Vestas Wind Systems A/S said it expects increased costs from a backlog of wind turbine orders to drag down full year earnings as executives avoided giving details on how the quality issues plaguing the broader wind industry would affect the Danish company. A key supplier of blades to Vestas published a profit warning last month after higher inspection and ...

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Lagos seeks $10 billion power funding by 2032

BLOOMBERG Nigeria’s biggest city and commercial hub of Lagos plans to raise as much as $10 billion in private investment to boost electricity supply to nearly five million households by 2032, state governor Babajide Sanwo-Olu said. Lagos, home to about 25 million people, receives about 25% of 5,000 megawatts of national grid-connected electricity, prompting the city to depend on fragmented ...

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S Africa’s $8.5b climate plan sees delays

BLOOMBERG South Africa’s government will need another two to three months to complete an energy transition implementation plan, further delaying the flow of funds from an $8.5 billion climate finance agreement with some of the world’s richest countries. More work needs to be done on how to re-skill workers from coal-dependent communities as coal-fired plants gradually close down, said Joanne ...

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Equinor gets Norway nod to electrify Western Europe’s biggest LNG plant

BLOOMBERG The Norwegian government has given Equinor ASA the green light to electrify its liquefied natural gas facility in northern Norway, a project forecast to lower emissions and lock in gas deliveries beyond 2030. “We are putting in place the policies so Hammerfest LNG can continue operating to 2040,” Prime Minister Jonas Gahr Store said at a press conference in ...

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Abdullah bin Zayed, German FM discuss strategic partnership over phone

ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, discussed with Annalena Baerbock, Germany’s Federal Minister for Foreign Affairs, the friendship and comprehensive strategic partnership between their countries and ways to further develop them to drive development in the two countries. During a phone call, the top diplomats explored the prospects for expanding UAE-Germany ...

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PureHealth to integrate NRC based in Abu Dhabi into its operations

ABU DHABI / WAM PureHealth will now integrate the National Rehabilitation Center (NRC) based in Abu Dhabi into its operations. Established in Abu Dhabi in 2002, the NRC serves as the UAE’s main hub for treatment, rehabilitation, and research. In 2017, NRC was designated as a prestigious WHO Collaborative Centre for Substance Use Prevention and Treatment of Substance Use Disorders ...

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ADJA conducts 3 training courses of continuous programme in H1

ABU DHABI / WAM The Abu Dhabi Judicial Academy (ADJA) has conducted three training courses of a continuous programme for members of the Public Prosecution during the first half of 2023. The three courses consisted of 81 training hours within the framework of the strategic training plan to raise technical, administrative, specialised and leadership skills, capabilities and competencies, as well ...

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du achieves network milestone, in 5G technology advancement

DUBAI / WAM du, from Emirates Integrated Telecommunication Company (EITC), reached a new milestone in the advancement of its 5G technology. With more than half of its mobile network traffic now driven by 5G usage, du is setting the pace in unlocking the vast potential of this cutting-edge connectivity, while providing premium and unique experience to its customers. This rise ...

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Bangladesh PM thanks UAE President during phone call for helping in release of UN staff in Yemen

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call on Monday from Sheikh Hasina Wazed, Prime Minister of Bangladesh. During the call, she expressed her appreciation for the significant role played by the United Arab Emirates in securing the release of United Nations employees who were abducted in Yemen over a ...

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