Bahrain Inaugurates Tatweer Petroleum Solar Power Plant

Bahrain Inaugurates Tatweer Petroleum Solar Power Plant . Supplied via AAAWSAT AR
Bahrain Inaugurates Tatweer Petroleum Solar Power Plant . Supplied via AAAWSAT AR
TT
20

Bahrain Inaugurates Tatweer Petroleum Solar Power Plant

Bahrain Inaugurates Tatweer Petroleum Solar Power Plant . Supplied via AAAWSAT AR
Bahrain Inaugurates Tatweer Petroleum Solar Power Plant . Supplied via AAAWSAT AR

Bahrain's Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa, inaugurated Tatweer Petroleum’s 3 Megawatt Solar Power Plant on Tuesday.

“The Kingdom of Bahrain is dedicated to fulfill its commitments to the United Nations Framework Convention on Climate Change, in terms of developing programs and plans to protect the environment in various vital sectors due to its impact on the country and citizens,” the minister said.

Shaikh Mohammed Al Khalifa expressed appreciation regarding Tatweer’s contribution to the Bahrain's goal in maintaining the use of renewable energy for its operations by 5% by 2025 in line with the strategic objectives of NOGA to achieve Bahrain vision 2030.

The oil minister and a number of senior officials, have unveiled the station’s commemorative plaque and were accompanied in a tour to observe the station facilities.

Tatweer Petroleum company established a solar power plant in February 2016 with an estimated capacity of 1 MW to provide enough electricity to meet the total energy requirements of the company's headquarters in the region.



Saudi Arabia's ACWA Power to Buy Engie’s Share in Kuwait and Bahrain Assets 

The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. (Reuters)
The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. (Reuters)
TT
20

Saudi Arabia's ACWA Power to Buy Engie’s Share in Kuwait and Bahrain Assets 

The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. (Reuters)
The logo of French gas and power group Engie is seen on the company tower at La Defense business and financial district in Courbevoie, near Paris, France. May 16, 2018. (Reuters)

Saudi Arabia's ACWA Power plans to buy stakes in assets in Kuwait and Bahrain worth $693 million from French utility developer ENGIE, according to a joint statement on Wednesday.

The share purchase agreement covers operating capacities of 4.61 GW of gas-fired power generation and 1.11 million cubic meters per day (m3/day) of water desalination facilities, the companies said in a statement.

It also includes the related operations and maintenance companies in Kuwait and Bahrain, it added.

Completion of the transaction is subject to customary regulatory and other stakeholder approvals.