daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Continental Forums > دار زايـــد United Arab Emirates > Abu Dhabi Projects > Abu Dhabi Project Development

Abu Dhabi Project Development Other projects in the capital of the UAE



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old January 19th, 2009, 03:19 PM   #61
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

World Future Energy Summit 2009, Abu Dhabi

19/January/2009

Masdar City,Abu Dhabi































Imre no está en línea   Reply With Quote

Sponsored Links
Old January 19th, 2009, 04:33 PM   #62
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

MASDAR SET TO CAPITALISE ON INTERNATIONAL

ADOPTION OF RENEWABLE ENERGY

Masdar sees opportunities to advance renewable energy solutions in global markets


Abu Dhabi, January 19, 2009 — Masdar chief executive Dr. Sultan Al Jaber announced today that Masdar, a multi-faceted future energy initiative wholly owned by the Mubadala Development Company, is well-positioned to capitalize on the “undeniable momentum and long term viability” of renewable energy technology in his keynote speech at the World Future Energy Summit in Abu Dhabi.

Dr. Al Jaber acknowledged the recent global economic downturn in his opening ceremony address, but said that the renewable energy sector continues to grow and pointed to recent global commitments that call for increasing investment and deployment of renewable energy technologies.


The Government of Abu Dhabi has indicated its own commitment to the adoption of renewable energy, and will soon publish a comprehensive energy policy that includes a pledge that by 2020, renewable energy sources will account for at least 7 percent of the Emirate’s total power generation capacity. Masdar estimates this commitment will create a renewable energy market valued at US$6-8 billion in the Emirate, creating business opportunities for local and international companies.

“Masdar will be at the forefront of the research, development and deployment of solutions that will enable governments around the world, including our own, to meet the targets they are setting for the adoption of renewable energy,” said Dr. Al Jaber, speaking at the summit.

In the past 12 months, Masdar has made significant advancements across the full spectrum of renewable energy solutions to help build a renewable energy sector in Abu Dhabi and to accelerate the deployment of clean technologies globally.

· Breaking ground on the development of Masdar City – the world’s first carbon-neutral city

· Building a solar manufacturing plant in Germany, creating green-jobs and technical know-how to transfer to Abu Dhabi

· Enrolling a pre-class of students at the Masdar Institute – the world’s first graduate institution dedicated to future energy solutions

· Investing in leading renewable technologies, forming joint ventures, and R&D partnerships to apply scale and capital to accelerate technology deployment and commercialization


In addition, international evidence of the widespread adoption of renewable energy includes recent commitments by the Governments of Australia and the United States to make significant investments in renewable energy technologies, a commitment by the European Parliament to reduce carbon emissions by 20 percent by 2020, and international efforts led by the Governments of Germany, Denmark and Spain to establish an International Renewable Energy Agency, dedicated to the widespread adoption of renewable energy on a global scale.

“Looking at recent local and international commitments, it is our view that the world has reached a tipping point in the acceptance of renewable energy,” he said. “We have a long, challenging journey ahead of us, but we are heading in the right direction and the progress we are making is irreversible.”

“It is a testament to the will of our leadership, HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, and HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, under their guidance Masdar will provide a comprehensive solution to the world’s energy challenges and maintain Abu Dhabi’s position as a leading supplier of energy to the world,” he added.

Masdar is host of the World Future Energy Summit, which commenced today and attracted more than 15,000 delegates, 300 exhibitors and 20 government delegations to discuss the global response to future energy challenges.


About Masdar

The Masdar Initiative is Abu Dhabi’s multi-faceted future energy initiative advancing the development, commercialization and deployment of renewable and alternative energy technologies and solutions. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), and is wholly owned by Mubadala Development Company. For more information about the Masdar Initiative, please visit www.masdaruae.com.

High-resolution video and images of Masdar City and the 2009 World Future Energy Summit are available at http://www.thenewsmarket.com/masdar

Additional and images are available at http://www.flickr.com/photos/masdar
Imre no está en línea   Reply With Quote
Old January 19th, 2009, 05:20 PM   #63
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

I posted more pics here: http://www.imredubai.com/ (flickr)
Imre no está en línea   Reply With Quote
Old January 20th, 2009, 09:05 AM   #64
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

http://imresolt.blogspot.com/2009/01...ite-visit.html
Imre no está en línea   Reply With Quote
Old January 20th, 2009, 09:26 AM   #65
bizzybonita
ĐЯ ฿฿ שίŧђ Ħīĝђ קΘฬξЯ
 
bizzybonita's Avatar
 
Join Date: Jul 2006
Posts: 10,939
Likes (Received): 55

Masdar set to announce Seychelles green project


Masdar is pressing ahead with its multi-billion renewable energy projects despite the twin pressures of the global economic downturn and the slump in oil prices, senior company executives said on Monday.

The company was still looking for new opportunities to develop renewable energy projects, despite the current world financial conditions, said Dr Sultan Ahmed Al Jaber, chief executive officer of Masdar, the renewable energy arm of the Abu Dhabi government.

Masdar said it would announce details of a project it is working on with the Seychelles government on Tuesday.


It also has three projects in Spain and is building a solar manufacturing plant in Germany, creating green jobs and technical expertise to transfer to Abu Dhabi, the company said.

“The current financial situation has no impact whatsoever on Masdar’s intended and planned projects. Our appetite is still the same and we are still pursuing and proceeding with all the projects already announced and we also have an appetite to look for the right opportunities,” Al Jaber said at a press conference at the World Future Energy Summit in Abu Dhabi.

Work was continuing on its $22 billion Masdar City, the world’s first carbon-neutral and zero-waste city, with around $300 million already received from the Abu Dhabi government for the project and another “several” billion dollars to be procured this year, said Khaled Awad, director of property development at Masdar.

In next three years, five to eight percent of the financing for the city would come from the government, Awad said, with income from businesses signing leases in the city helping to provide enough cash to finance projects within the city.

Construction of its 500 megawatts hydrogen power project in Abu Dhabi, a joint venture with British Petroleum and Rio Tinto, would start in mid 2010, with the plant producing its first power in 2014.

The company said its plans would not be derailed by the low price of oil, which has dropped below the $40 a barrel mark from its $147 peak in July last year.

“Our decision and strategy is not based on short term fluctuations on oil prices, our view is more on the long term and we know that the key drivers of renewables, which are climate change and the scarcity of energy, are still as valid today as a year ago.” Ziad Tassabehji, director of the utilities and asset management unit of Masdar said.

The Abu Dhabi government pledged on Sunday that at least seven percent of the energy consumed in the emirate will come from renewable sources by 2020.

Masdar estimates the government’s renewable energy sector will create a market valued at $6 to 8 billion in the emirate.

Masdar said it would be responsible for reaching the target but would encourage local and international companies to move towards using renewable energy too.

It said the seven percent would mainly involve solar power technology, with wind power ruled out as there was not enough wind within the emirate for the technology.

The Abu Dhabi government would be announcing in the next few weeks a comprehensive energy policy setting out how the emirate would be able to develop an energy portfolio that included sources other than oil and gas, Masdar said.

http://www.arabianbusiness.com/54411...-green-project
__________________
฿ĪẐẐΫ ฿Ǿ₦ŦẪ 2015
bizzybonita no está en línea   Reply With Quote
Old January 20th, 2009, 03:38 PM   #66
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

ABU DHABI AND SEYCHELLES PARTNER TO DEVELOP WIND POWER ON MAHÉ

Masdar Signs Agreement with Seychelles Government



ADU DHABI, January 20, 2009 — Masdar, Abu Dhabi’s multi-faceted future energy initiative wholly owned by the Mubadala Development Company, and the Seychelles government announced today a collaborative agreement to develop renewable energy in the Seychelles.
Preliminary studies have indicated that wind energy, solar energy and waste-to-energy options will be able to supply the pristine island of Mahé with clean, renewable power.
Under this collaborative agreement, it is expected that feasibility studies and the required environmental impact assessments will be undertaken to determine the positioning of wind turbines in several locations around Mahé Island. An initial target of 18 megawatts of electricity generated from wind power is envisaged, which could initially supply at least 10-15 percent of
Mahé Island’s total energy demand, offsetting the need for expensive imports of traditional diesel and heavy fuel oil.
“This collaboration is a direct result of our leadership’s mandate of diversifying our renewable energy portfolio through strategic international partnerships,” said Sultan Al Jaber, Chief Executive Officer of Masdar. “This wind power project reflects the commitment to sustainability by both the Abu Dhabi and Seychelles governments.”
“Wind power is a viable, clean and renewable energy resource that must be harnessed to reduce our dependence on imported fuel and ensure the preservation of the Seychelles’ stunning natural beauty for future generations,” said James Alix Michel, President of the Republic of Seychelles. “We have been working closely with Masdar for several months to
identify the most effective renewable energy solution for our island nation with the least environmental and visual impact.”
Emission reductions resulting from the project will be monetized under the Clean Development Mechanism (CDM) framework of the Kyoto Protocol as Certified Emission Reduction (CER) credits.


About Masdar
Masdar is Abu Dhabi’s multi-faceted future energy initiative advancing the development, commercialisation and deployment of renewable and alternative energy technologies and solutions. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), and is wholly owned by Mubadala Development Company. For more information about the Masdar Initiative, please visit www.masdaruae.com.
High-resolution images of Masdar City and the 2009 World Future Energy Summit are available at http://www.flickr.com/photos/masdar/.

Imre no está en línea   Reply With Quote
Old January 20th, 2009, 03:54 PM   #67
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

MASDAR AND GE ANNOUNCE WORLD’S FIRST ECOMAGINATION CENTRE AT MASDAR CITY

Strategic partnership aims to advance Research and-Development
of sustainable technologies and solutions


January 20, 2009 – Masdar announced today that GE will be an anchor partner in Masdar City. In a joint Masdar-GE agreement, the two companies outlined plans to house a new Ecomagination Centre, focused on sustainable business solutions and to form a broader R&D relationship that will support the development and deployment of new and innovative technologies. This centre is part of a multi-faceted strategic partnership signed by Mubadala and GE in July 2008.

Masdar City, currently under construction, will be the world’s first carbon-neutral, zero-waste city completely powered by renewable energy. Masdar is driven by the Abu Dhabi Future Energy Company (ADFEC), a wholly owned company of Mubadala Development Company. The City is a reflection of a long term strategic commitment by the government of Abu Dhabi to accelerate the development and deployment of future energy solutions.

Ecomagination is GE’s commitment to conceive and construct pioneering technologies that help customers address their environmental and financial needs. The Ecomagination Centre at Masdar City will support the development of energy efficient products in the region and will raise awareness of energy conservation among the Masdar City community. The Centre will also showcase GE technologies, including wind, solar and other renewable energy products that will power the next generation “smart” electrical grid, water purification technology, and energy-efficient appliances for the home

“This is truly a landmark partnership in the development of Masdar City because it will allow us to jointly develop, deploy, scale and market innovative solutions in renewable energy and sustainability,” said Masdar CEO Dr. Sultan Al Jaber. “We are excited that GE will be an anchor tenant at Masdar City, as we aim to build the world’s Silicon Valley for clean technology.”

“The vision of the leadership of Abu Dhabi and of HH General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has allowed us to make great advancements in the Masdar Initiative and to attract the world’s greatest partners to join us in achieving our goals,” he added.

The multi-faceted agreement also provides a framework for Masdar and GE to explore areas of R&D collaboration in the development of Clean Tech products. Masdar will be able to leverage GE’s technological expertise with the aim of ultimately including these technologies in the Masdar City development.

“Masdar City, and Abu Dhabi, is the perfect location for GE to establish its first Ecomagination Centre,” said Steve Fludder, Vice President, Ecomagination. “We see enormous opportunities to deploy sustainable technologies in the region, drive new innovation, and harness the region’s great interest and willingness in putting these technologies to work.”

The Ecomagination Centre is expected to be up to 4,000 square meters in size and will be located near the Masdar Institute, Masdar’s graduate-level institution dedicated to academic research and study in the development and deployment of the future of energy.

The Ecomagination Centre is a product of the GE and Mubadala framework agreement, signed in July 2008, on a global partnership encompassing a broad range of initiatives including commercial finance, clean energy research and development, aviation, industry and corporate learning. Building on an already strong relationship and a common view of high growth opportunities in the Middle East and globally, the agreement provides for shared capital commitments to new joint ventures and investment funds. For more information on GE and Mubadala, visit www.ge.com/news/partnership.
Imre no está en línea   Reply With Quote
Old January 27th, 2009, 06:29 AM   #68
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

UNITED ARAB EMIRATES

JOINS THE INTERNATIONAL RENEWABLE ENERGY AGENCY AS A FOUNDING MEMBER

Abu Dhabi offers to host the head quarters of new agency as global leaders gather in Germany


Abu Dhabi, January 26, 2009 – H.H. Sheikh Abdullah Bin Zayed Al Nahyan, The Minister of Foreign Affairs for the United Arab Emirates (UAE) has today signed the statute that establishes the International Renewable Energy Agency (IRENA).

During a speech delivered at the Founding Conference, in Bonn, The Minister of Foreign Affairs outlined the bold steps being taken in Abu Dhabi to support and nurture the renewable energy sector. Last week, the Government announced a renewable energy target of 7%. In addition, The Minister described how the Abu Dhabi Government had created Masdar to drive forward the development, deployment and adoption of renewable energy around the world through investment, research and partnerships.

“We believe that renewable energy is crucial to the world’s future prosperity,” said H.H. Sheikh Abdullah Bin Zayed Al Nahyan, “The UAE in pursuing the Masdar Initiative, believes it can contribute significantly in providing comprehensive solutions in what should be a collective global endeavor. It is important that the world community works together to develop a consistent set of policies and frameworks that will encourage growth and rapid deployment on a large scale. The UAE’s contribution to IRENA will be to leverage our deep energy expertise and existing commitment to the sector.”

The Minister praised the bold steps taken by Germany, Spain and Denmark to develop IRENA by saying “The leaders of these Governments understand the importance of renewable energy, and bring a serious and strategic intent to the table.”

The Foreign Minister led a large delegation that included Dr. Sultan Al Jaber, chief executive officer, Masdar. Masdar will provide operational support to the development of IRENA and last week hosted the World Future Energy Summit in Abu Dhabi at which 16,427 people attended to discuss the solutions required for the future of clean, safe and secure energy.

During his speech, The Minister announced that Abu Dhabi, the capital of the UAE, would proactively pursue the opportunity to host the HQ in Abu Dhabi and in particular within Masdar City, the world’s first carbon neutral, zero waste City, fully powered by renewable energy. Masdar City intends to become a global hub for renewable energy research, commerce and debate. Already the City has attracted General Electric as its first major tenant and partner, and will eventually create 50,000 green collar jobs entirely focused on renewable energy and sustainability.

“The Abu Dhabi leadership formed Masdar because they saw that the renewable energy sector was suffering from fragmentation and a lack of willing partners focusing on the long term goal,” said Dr. Sultan Al Jaber. “IRENA is exactly what the world needs to drive forward the sector, but, we must ensure that it is a place of action.”

Masdar has projects, partnerships and investments in Germany, Spain, Finland, United Kingdom, Japan, Nigeria, Seychelles, Australia, United States, Bahrain, and many others. This global experience in the renewable energy sector provides Masdar with a deep understanding to help ensure the development of IRENA is focused on two crucial areas; accelerating the large scale deployment of renewable energy around the world, and creating the economic, environmental, educational and political conditions that the sector requires.
Imre no está en línea   Reply With Quote
Old January 27th, 2009, 01:01 PM   #69
bizzybonita
ĐЯ ฿฿ שίŧђ Ħīĝђ קΘฬξЯ
 
bizzybonita's Avatar
 
Join Date: Jul 2006
Posts: 10,939
Likes (Received): 55

More render "about Masdar Headquarters "

http://www.smithgill.com/#/work/masdar_headquarters
__________________
฿ĪẐẐΫ ฿Ǿ₦ŦẪ 2015
bizzybonita no está en línea   Reply With Quote
Old January 28th, 2009, 06:34 AM   #70
jerryareeckal
Registered User
 
Join Date: Apr 2008
Posts: 31
Likes (Received): 0

Who is the main contractor?
jerryareeckal no está en línea   Reply With Quote
Old February 10th, 2009, 07:51 AM   #71
bizzybonita
ĐЯ ฿฿ שίŧђ Ħīĝђ קΘฬξЯ
 
bizzybonita's Avatar
 
Join Date: Jul 2006
Posts: 10,939
Likes (Received): 55

Jaber Energy wins $1.6bn Masdar contract

on Tuesday, February 10, 2009

Al Jaber Energy Services, a subsidiary of the Abu Dhabi-based Al Jaber Group, has won a $1.6 billion (Dh5.8bn) infrastructure contract for the Abu Dhabi Energy Future Company (Masdar). The three-year contract will involve infrastructure development of phase one of the Masdar city infrastructure.

The company is also one of the five consortiums that are in the race for the Dh10 billion contract for the construction of Al Ghuwaifat international road.

Fatima Obaid Al Jaber, Chief Operating Officer, Al Jaber Company, told Emirates Business that the mobilisation work on the Masdar project has already started and construction work will start soon.

"The three-year contract will involve construction of services, utilities, roads and all other infrastructure works," said Obaid Al Jaber, who was speaking on the sidelines of Arabian World Construction Summit 2009. According to her, Al Jaber Transporting and General Contracting, another subsidiary of Al Jaber Group, is one of the five consortiums to bid for Abu Dhabi's Department of Transport (DoT)'s $2.7bn Mafraq-Ghweifat highway project, which will connect Abu Dhabi with Saudi and Qatar. Scheduled to start during the fourth quarter of 2009, construction of the 327km-long Mafraq-Ghweifat highway will take four years to complete.

"It is a public project partnership (PPP) contract and will involve the construction and a 25-year maintenance of the highway from Mafraq to Al Ghuweifat bordering Saudi Arabia," she said.

All current projects of the company are going ahead, said Obaid Al Jabber. "None of the company's 40,000 staff have been laid off. In some cases we are moving staff from one project to the another and also to other countries," she said.

"Undoubtedly, the global crisis has had an impact on the company, but it is limited. We are still in a good shape. We have re-structured employees within our projects with the main goal of not make them redundant," she said.

In 2008, the company generated profits, said Obaid Al Jabber without divulging any figures. "I expect we will generate the same profit margin in 2009 as well and face no liquidity problems. In general, our operations were not affected. Our company is one of Abu Dhabi's biggest companies," she said.

All companies implementing work in Abu Dhabi, including Aldar, have not delayed their overdue payments.

http://business24-7.ae/Articles/2009...e4737d9d0.aspx
bizzybonita no está en línea   Reply With Quote
Old February 17th, 2009, 05:35 AM   #72
bizzybonita
ĐЯ ฿฿ שίŧђ Ħīĝђ קΘฬξЯ
 
bizzybonita's Avatar
 
Join Date: Jul 2006
Posts: 10,939
Likes (Received): 55

Mena's largest grid-connected solar power plant gets ready




The plant has 87,777 solar panels spread over an area of 212,000 sq m (JOSEPH J CAPELLAN)

on Tuesday, February 17, 2009

The largest grid-connected solar power plant in the Middle East and North Africa (Mena) region will become operational next month to power the construction of the capital's Dh81 billion zero-carbon Masdar City.

The 10mw plant has 87,777 solar photovoltaic panels spread over a 212,000 squre metres site within the green city and is being developed by Abu Dhabi-based Enviromena Power Systems. The thin film and photo crystalline silicon panels have been brought from the US and China.

The plant will provide clean power to 4,860 residents, or 810 homes accommodating six individuals each. The excess energy will be passed to the Abu Dhabi grid to provide residents outside Masdar with eco-friendly energy, a first in the region.

The Dh185 million plant is the first phase of the city to be developed and the contract was awarded to Enviromena by Abu Dhabi Future Energy Company (Masdar).

Normally the location of the under-construction city is strictly off-limits but Emirates Business was given exclusive access to see the plant and meet senior officials.

The vast array of solar panels is spread out like a massive shining field on the northern edge of the Masdar site. Cables hang from the panels ready for connected to a converter that will feed electricity to the grid.

"The project is on track and we are very focused on it," said Enviromena CEO Sami Khoreibi, who was awarded the Entrepreneur of the Year by Future Fuels and Energies magazine at the Abu Dhabi International Petroleum Exhibition and Conference.

"The installation of the panels is almost complete, as is the related work. We are on schedule to deliver this project on time, it will be fully operational next month and will be connected to the Abu Dhabi power grid."

He said Abu Dhabi-based Enviromena was founded in 2007 by a group of people inspired by Masdar's clean energy initiative.

"We started with just four members in our team and we now have 25 partners. The company has grown six-fold and we see further growth in the future as the potential for clean energy in the region.

"This Masdar project to deliver an operational 10mw clean power plant is our first contract and we hope it will be an inspiration for others to create a competitive market for alternative energy. The project is designed to save 15,000 tonnes of CO2 emissions a year and will have a lifespan of more than 25 years, which could be extended through maintenance and renovation work.

"The initial function of the plant will be to power the construction of Masdar City. It is the foundation stone of a city without any source of power that generates CO2 emissions. This is just the beginning. Solar is a potential source of energy in Abu Dhabi and the entire Mena region. We have been able to attract talent with tremendous solar experience from around the globe to come here to Abu Dhabi to form a team. Hopefully they will become the leading solar design group in the country and the region. The plan is to become a global competitor.

"Enviromena will become an exporter of advanced technology and will build efficient systems starting off in Abu Dhabi and the region, though our ambitions are global."

He said the company was attracting interest from investors around the world and would be able to raise capital in North America, the UK, Switzerland and throughout the Mena region.

"The Masdar contract is worth Dh185m, that is the cost up to the start of power production. With a team in Abu Dhabi we have been able to come up with the most efficient system in the world."

Khoreibi said the company was holding talks about similar projects with the Abu Dhabi Government and a number of developers. "A lot of interest has been shown by the government and various developers in the country and the region as a whole. We have some very exciting projects in the pipeline. What we have seen recently in the region is that solar power technology has triggered a tremendous response.

"We want to use this 10mw plant as Enviromena's launchpad to establish our position as one of the major integrators here in the region. We have already seen interest from government and private entities.

"In the near future we will discuss some very exciting projects that will be very high profile. We are already discussing some, but unfortunately I cannot go into detail."

However, he said, most of the projects under discussion would involve roof-mounted solar panels that would produce energy for new properties, particularly towers in Abu Dhabi city and other parts of the emirate.

"I can mention only one project, a very interesting roof-mounted installation on a new iconic building. Work on the project will start next year and it will provide power for a good part of the building.

"We will also supply rooftop solar installations to some of the other developments coming up in the UAE and other parts of the region. We have some interesting projects from the Abu Dhabi Government and developers in the country as well as throughout the region."

Looking ahead, Khoreibi said he expected that Enviromena would become the first alternative energy company in the region to launch an initial public offering.

"We plan to become a publicly listed company in the near future. The goal of Enviromena is to be one of the first vehicles through which people can invest in clean technology in the region. We would like to be the first as we are already the first solar company here in Abu Dhabi.

"Our IPO plan depends on the economic conditions but we would like to be the first clean-energy company to enter the Gulf stock markets."

But he said he could not say when the float would happen, adding: "Giving a timeframe for any kind of liquidity event in the current market conditions would be beyond anyone's capabilities and would be unrealistic.

"We are also focusing on new clean energy funds that want to invest in the potential of green technology, particularly solar power. We have already attracted some clean energy funds and continue to attract more from around the world."

He said the global economic downturn had affected his business as it had made it difficult to obtain credit.

"At this point of time we have not seen any delays in our business and in this particular project. Of course as a new, young company we have seen some affects from the credit crunch in the sense that we capitalise the firm through our shareholders, like any other business.

"We have been affected one or the other. But at the same time we are very fortunate that we are an Abu Dhabi-based company and the alternative energy sector has so far met with a much, much softer lending than other industries offering services in other parts of the world."



Plant details

- Work on the plant began in September last and is scheduled for completion next month

- The estimated cost of the project is Dh185m

- 87,777 solar panels are spread over an area of 212,000 sq m

- The panels are made of thin film and polycrystalline silicon

- Custom-designed system will maximise the capture and conversion of sunlight

- Lifespan of more than 25 years

- Excess power will be transferred to the municipal power grid for residents of the capital



The benefits

- The plant will save 15,000 tonnes of carbon emissions a year

- It will supply power to more than 1,458 Abu Dhabi residents in addition to 4,860 in Masdar City

- It could power 666,000 energy-saving or 166,000 regular light bulbs

- The carbon emissions saved by the plant are equivalent to those produced by flying 11,000 passengers from Abu Dhabi to London

- The savings are equivalent to taking 4,500 cars off the road




Masdar city – more than a concept

Masdar City, the world's first and only zero-carbon, car-free and with minimised air pollution as well as with facilities to recycle waste produced within, will be completed in 2016 to house a population of 5,000.

The city, being developed with an investment of $22bn (Dh80bn), will be the world's first environment-friendly walled city to keep away pollution run by carbon-free energy. The only pollution the city might get would be from the air as the city cannot be roofed that itself is against environmental norms of not to deprive man from natural air and sun.

Masdar City will be built over seven years. Its master-plan design meshes the century-old learning of traditional Arabic urban planning and architecture with leading-edge technologies to create a sustainable, high-quality living environment for all residents.

The city will be built in seven carefully designed phases, incorporating the latest technological advances generated in its clean-tech cluster and globally. The first buildings under construction already demonstrate Masdar's innovation appetite – Masdar headquarters building that will receive its power required for construction from the solar power plant scheduled for completion next month.

Strategically located at the heart of Abu Dhabi's transport infrastructure, Masdar City will be linked to surrounding communities, as well as the centre of Abu Dhabi and the international airport, by a network of existing road, and new rail and public transport routes.

The city's entire transportation system will be operated with electrical sources generated from alternative energy – computerised electronic vehicles taking people from one place to another, two-wheelers mini-vehicles using no energy other than battery powered.

No one will be allowed to take a car or any kind of vehicle with a huge car parking facility surrounding the city with electrical vehicles waiting at each entrance behind the wall to take visitors to their destinations in the city.

The walled-city, a free zone clean-tech cluster, also has an important feature – a city of academics, researchers, students, entrepreneurs and financers and more than 1,500 visionary companies that will have offices, research centers and operations within city, benefiting from 100 per cent foreign ownership, zero taxes, zero import tariffs, zero restrictions on capital movement and among the strongest intellectual property protection in the region.

According to Masdar Initiative (Abu Dhabi Future Energy Company), the city is more than a concept – it is practically happening and has already attracted partners from across the globe.

To help achieve the initiative of clean environment and help expand it across the board in the entire emirate and the country, Masdar City will be the home for one of the world top technological institutes for promoting clean and alternative energy in the entire region.

As part of the phase one, work of the city, which has already begun with Solar Plant, includes the development of Masdar Institute of Science and Technology (Mist). The institute is scheduled for opening before the end of this year with 100 students.

At the recent World Future Energy Summit, the institute announced partnering with the Massachusetts Institute of Technology (MIT) Energy Initiative as a founding public member.

The collaboration will support ongoing research and development of alternative and renewable energy technologies and solutions, as well as provide new opportunities to help meet the world's need for sustainable energy supplies and practices.

As a founding member, Masdar will have a seat on its governing board. The Masdar Institute will also be directly involved in identifying sponsored research programmes, and will join with other members in supporting the MIT Energy Research Seed Fund programme which funds innovative early-stage research projects solicited from across the MIT campus.

The Masdar Initiative with its flagship and master plan of the city also includes a number of alternative energy investment schemes, such as a plant producing solar energy photovoltaic panels, wind power plants and investments in clean energy projects around the world.

One of the recent projects Torresol Energy, a strategic alliance between Spanish engineering group Sener and Masdar, that has announced a €171 million financing deal for the construction Gemasolar, the world's first solar power plant with central tower and salt receiver technology in Spain.

Gemasolar will provide clean and safe energy as well as create more than 1,500 jobs in Spain. The plant is located in Fuentes de Andalucía, in Seville.


http://business24-7.ae/Articles/2009...ac24a3f81.aspx
bizzybonita no está en línea   Reply With Quote
Old February 19th, 2009, 05:28 PM   #73
Adam2707
Registered User
 
Adam2707's Avatar
 
Join Date: Dec 2006
Posts: 1,271
Likes (Received): 103

Adam2707 no está en línea   Reply With Quote
Old February 25th, 2009, 08:34 PM   #74
vittelksa
Britisharab
 
vittelksa's Avatar
 
Join Date: Feb 2009
Location: London
Posts: 80
Likes (Received): 0

This is my favourite project a city that will not rely on any thing external, all from Subterranean electric cars dubbed Personalized Rapid Transit—will ferry passengers from point to point because the city of Masdar, whose name translates as “the source,” will be off-limits to cars and trucks . Solar power plants in the surrounding deserts, already in early construction, will provide electricity for lighting and air-conditioning and for desalinating ocean water. Wind farms will contribute, along with efforts to tap geothermal energy buried deep underneath the earth.
I think the UAE has a really sound government and there people really deserve this Good people and very warm and welcoming
vittelksa no está en línea   Reply With Quote
Old March 6th, 2009, 12:40 AM   #75
stewartrama
the stoop- little jackie
 
Join Date: Jun 2008
Location: Washington DC
Posts: 389
Likes (Received): 13

this project is amazing- enough said
stewartrama no está en línea   Reply With Quote
Old March 13th, 2009, 05:42 PM   #76
vittelksa
Britisharab
 
vittelksa's Avatar
 
Join Date: Feb 2009
Location: London
Posts: 80
Likes (Received): 0

If there was a human god. it would be Sir Norman Foster honestly that guy is a gift to humanity!!!
vittelksa no está en línea   Reply With Quote
Old March 16th, 2009, 12:48 PM   #77
XP
Registered User
 
XP's Avatar
 
Join Date: Jan 2007
Location: Paris
Posts: 785
Likes (Received): 3

Who is he?
XP no está en línea   Reply With Quote
Old March 16th, 2009, 10:32 PM   #78
Adam2707
Registered User
 
Adam2707's Avatar
 
Join Date: Dec 2006
Posts: 1,271
Likes (Received): 103

Possibly one of the best living architects and designer of Masdar City.

http://en.wikipedia.org/wiki/Norman_...of_Thames_Bank
Adam2707 no está en línea   Reply With Quote
Old March 26th, 2009, 02:58 PM   #79
delores
Registered User
 
Join Date: Dec 2005
Posts: 5,923
Likes (Received): 473

I find it all a bit frightening, the video I mean, it as if an evil villain from James bond is creating a perfect place to live ignoring the rest of the world so it can perish in its stupidity. City of the future it may be but does anyone really think it will be like this in reality? It all too perfect and there lie’s the problem, we are not perfect.
delores no está en línea   Reply With Quote
Old March 26th, 2009, 03:34 PM   #80
Ingenioren
Registered User
 
Ingenioren's Avatar
 
Join Date: Jan 2008
Location: Oslo
Posts: 5,605
Likes (Received): 584

We will just have to wait and see, it might turn out better than you think!
__________________
I want to see some construction!
Ingenioren no está en línea   Reply With Quote


Reply

Tags
abu dhabi, masdar

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 06:35 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium