Page 63 - Development Management News Today

The transaction is expected to complete in the first quarter of 2021 by Zainab Mansoor December 23, 2020 Abu Dhabi’s Aldar Properties has signed an agreement to divest two of its district cooling assets on the capital’s Saadiyat Island to National Central Cooling Company (Tabreed). The sale will be worth Dhs963m, while the transaction is expected to be completed in Q1 2021, generating an internal rate of return of more than 40 per cent. Proceeds will be used to finance furth...

Aldar to sell two district cooling units to Tabreed for $262m ABU DHABI, December 23, 2020 Leading UAE developer Aldar Properties has signed an agreement with National Central Cooling Company (Tabreed) to sell two of its district cooling assets on Abu Dhabi’s Saadiyat Island for a total consideration of AED963 million ($262 million).   Aldar had purchased a 100 per cent stake in Saadiyat District Cooling (SDCL) and an 85 per cent stake in Saadiyat Cooling (SCL) as part of a wider acquisi...

MASERU-IT would be tempting to dismiss Tšepang Tšita-Mosena, 43, as just another political novice. Admittedly, Tšita-Mosena is indeed a political greenhorn having only been elected into Parliament just three years ago. Cool, collected and dressed to the nines, Tšita-Mosena does not look like your typical politician. She speaks softly during the interview, making it difficult to imagine how she fares during heated debates in a male-dominated parliament where high testosterone levels are ofte...

QUEZON CITY, Dec. 22 (PIA) -- The Climate Change Commission (CCC) recently conducted a virtual PSF Clinic attended by planning and investment officer of 61 local government units from across the country who trained on accessing the People’s Survival Fund (PSF). Speakers during the PSF Clinic included Dr. Antonio L. Fernandez, Senior Technical Expert of CCC, Dr. Felino P. Lansigan, Professor Emeritus of Statistics and Environmental Science at the University of the Philippines-Los Baños and me...

Graeme is Director of Research Strategy at the Gauteng City-Region Observatory (GCRO), a partnership between the Gauteng Provincial Government, University of the Witwatersrand, University of Johannesburg, and organised local government in Gauteng. Between 2005 and 2009, Graeme worked at the City of Johannesburg as a Specialist: Strategy & Policy in the Central Strategy Unit, Office of the Executive Mayor. There he developed a number of strategies including the 2006 Growth and Development Strate...

Gasum has received a grant of €30 million from the Swedish Environmental Protection Agency’s Klimatklivet  (Climate Leap) investment program to build two new biogas plants in Sweden. Each plant received a funding of €15 million, which is the maximum an initiative can receive. The planned plants are to be located in Borlänge, Dalarna County, and Kalmar County. Courtesy of Gasum “The grant from Klimatklivet makes it possible for us to consider expanding our production capacity in Swe...