Dubai gets another Guinness World Records entry in the energy sector

The Jebel Ali complex of the Dubai Electricity and Water Authority (DEWA) has an electricity generation capacity of 9,547 megawatts. (File/AFP)
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Updated 02 March 2021
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Dubai gets another Guinness World Records entry in the energy sector

  • Dubai project recognized as largest single-site natural gas power facility in the world

DUBAI: Dubai has chalked up another Guinness World Records entry — and this time it’s for a gas project.

The Jebel Ali complex of the Dubai Electricity and Water Authority (DEWA) has been recognized as the largest single-site natural gas power generation facility in the world, state news agency WAM reported.

The complex has an electricity generation capacity of 9,547 megawatts.

The emirate has been a prolific participant in the Guinness Book of Records, which first appeared in 1955 and has since sold more than 143 million copies.

“DEWA has created comprehensive electricity infrastructure development plans based on demand forecast until 2030,” Saeed Mohammed Al-Tayer, chief executive of the authority, said.

DEWA provides services to over one million customers.

Located on the southern fringe of Dubai, the plant was extended in 2019 and now has a capacity of 2,885 megawatts of electricity and 140 million gallons of desalinated water per day.

The award comes as the authority undergoes key updates in its operations, including the application of artificial intelligence and other “disruptive” technologies.

“This has resulted in DEWA improving its generation efficiency by 33.41 percent, which also helped achieve considerable financial savings,” Al-Tayer said.

He added: “This improvement has also reduced more than 64 million tons of carbon emissions, which are equivalent to planting 327 million trees. It has also reduced more than 46,000 tons of nitrogen oxide gases and over 3,000 tons of sulfur dioxide.”


Closing Bell: Saudi main index closes in red at 10,325

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Closing Bell: Saudi main index closes in red at 10,325

RIYADH: Saudi Arabia’s Tadawul All Share Index edged down on Monday, shedding 38.83 points, or 0.37 percent, to close at 10,325.20.

The total trading turnover of the benchmark index stood at SR4.02 billion ($1.07 billion), with 61 listed stocks advancing and 191 declining.

The Kingdom’s parallel market Nomu also declined by 144.88 points, or 0.62 percent, to close at 23,226.94.

The MSCI Tadawul Index advanced by 0.11 percent to 1,371.06.

The best-performing stock on the main market was Saudi Industrial Development Co., with its share price rising 6.32 percent to SR12.44.

Al Yamamah Steel Industries Co.’s share price increased by 6.06 percent to SR35.

Cherry Trading Co. also saw its stock climb 5.27 percent to SR26.16.

Conversely, the share price of the National Shipping Co. of Saudi Arabia, also known as Bahri, edged down 5.87 percent to SR26.64.

On the announcements front, SAL Saudi Logistics Services Co. said it intends to issue a riyal-denominated sukuk through a private placement, both inside and outside the Kingdom.

In a Tadawul statement, the company said the amount and terms of the sukuk offering will be determined at a later stage, based on prevailing market conditions.

SAL added that the proceeds will be used for general corporate purposes, capital expenditure plans to support future expansions and projects, and to achieve long-term financial and strategic objectives.

The company has appointed J.P. Morgan Saudi Arabia and SNB Capital as joint lead managers and bookrunners for the sukuk offering.

SAL’s share price declined by 0.63 percent to SR158.90.

In another announcement, Almarai Co. said the diesel price increase from January is expected to result in additional direct costs of approximately SR70 million for the company this year.

The firm added it will continue to focus on business efficiency, cost optimization, and other initiatives to mitigate the impact of the diesel price increase.

Almarai’s share price fell 3.50 percent to SR41.90.