Utico plans clean coal power plants across GCC
- Middle East: Tuesday, October 23 - 2012 at 00:52
Regional full service utility and solutions provider Utico Middle East has announced plans to build clean coal power plants across the GCC, Times of Oman has reported. This follows a recent announcement by Utico to build a $408m coal power plant in the UAE. Coal-fired power plants produce almost 65 per cent of the world's energy today but none of them are in the GCC due to the environmental concerns and high costs associated with clean coal technology. "Clean coal-fired energy is acknowledged to be even cleaner and greener than gas-reliant energy," said Richard Menezes, managing director of Utico. The company, in partnership with Shanghai Electric, said it plans to establish the world's greenest coal-fired power plant in Ras Al Khaimah. The Dhs1.5bn facility is expected to be completed in 2015 and will generate 270 MW of power when fully functional.
- Burj Al Arab introduces 24-carat gold iPads
- Qatar awards Impregilo-led consortium $2.2bn...
- Alcatel-Lucent brings the 'New PC Era' to...
- BBM coming to iPhone and Android this summer
- Omantel launches Samsung Galaxy S4 LTE smartphone
- World's highest observation decks
- Blackberry's BBM to become available on...
- TAKAUD aims to diversify personal savings and...
- UAE cloud market set for 43.7% growth until...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.