UAE s Masdar Inks Strategic Deal With Iraq for 2GW Solar Projects albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Masdar signs strategic deal with Iraq for 2GW solar projects
ABU DHABI, 14 hours, 51 minutes ago Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, has announced a strategic agreement with Iraq to develop solar photovoltaic (PV) projects in the country with a minimum total capacity of 2GW (gigawatts). Iraq, the second-largest oil producer in the Organisation of Petroleum Exporting Countries (Opec) group, is looking to increase the percentage of renewables in its total power production capacity by the end of this decade to address supply issues and meet climate objectives. Iraq, which this year ratified the Paris Agreement on climate change, enjoys some of the most attractive solar irradiation levels in the region.
The domestic oil product demand, except for the aviation sector, has rebounded amid the ongoing economic recovery efforts, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed (pic) said
Much has been written about the perceived or imagined rivalry, competition and the quest for the hegemony of the continent by South Africa and Nigeria, and much less about their successes, cordiality and milestones over the years. Even fewer works that are available focus on the socioeconomic contrasts between Nigeria and South Africa in a way that seeks to project and promote competition.
Formal diplomatic relations between South Africa and Nigeria resumed at the dawn of South Africa’s new democracy in 1994. The two countries have always enjoyed cordial fraternal relations dating back to the early days of South Africa’s struggle for freedom and liberation, a dark period during which Nigeria stood by South Africa.