CAIRO: Sudan and the United Arab Emirates signed a Memorandum Of Understanding (MoU) for the construction of solar energy plants with a capacity of 500 megawatts (MW), the Sudanese energy ministry said in a statement on Sunday.
UAE, represented by one of its private companies, will supply, build, install and operate plants for 20 years, the energy ministry said, without specifying how many plants the deal would entail.
The Gulf country will also train and employ Sudanese workers throughout the contract period, with a commitment by the Sudanese government to purchase electricity at a competitive price, according to the statement.
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Sudan, UAE sign MoU to construct solar energy plants with a capacity of 500 mw
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Sudan, UAE sign MoU to construct solar energy plants with a capacity of 500 mw
- Sudan and the UAE signed MoU for the construction of solar energy plants
Second firm ends DP World investments over CEO’s Epstein ties
- British International Investment ‘shocked’ by allegations surrounding Sultan Ahmed bin Sulayem
- Decision follows in footsteps of Canadian pension fund La Caisse
LONDON: A second financial firm has axed future investments in Dubai logistics giant DP World after emails surfaced revealing close ties between its CEO and Jeffrey Epstein, Bloomberg reported.
British International Investment, a $13.6 billion UK government-owned development finance institution, followed in the footsteps of La Caisse, a major Canadian pension fund.
“We are shocked by the allegations emerging in the Epstein files regarding (DP World CEO) Sultan Ahmed bin Sulayem,” a BII spokesman said in a statement.
“In light of the allegations, we will not be making any new investments with DP World until the required actions have been taken by the company.”
The move follows the release by the US Department of Justice of a trove of emails highlighting personal ties between the CEO and Epstein.
The pair discussed the details of useful contacts in business and finance, proposed deals and made explicit reference to sexual encounters, the email exchanges show.
In 2021, BII — formerly CDC Group — said it would invest with DP World in an African platform, with initial ports in Senegal, Egypt and Somaliland. It committed $320 million to the project, with $400 million to be invested over several years.
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