World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
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The Zayed Sustainability Prize is awarded by the Abu Dhabi government to projects in five categories: Health, Food, Energy, Water, and Global High Schools.
Brazil’s Ministry of Mines and Energy has created a workgroup to come up with proposals to streamline Brazil’s electric grid.
State-owned company made a profit last year after a net loss of USD 442 million in 2017.
The Brazilian Development Bank will auction off energy distributor in Amazonas.
A plant in the emirate will integrate landfill gas, solar panels and an agro project. UAE-based company Utico will build the USD 100 million venture.
The water and energy exhibition ended this Thursday. The Brazilian pavilion, set up and managed by the Arab Chamber, was praised by the event’s organizers.
Four Brazilian companies are exhibiting their products at WETEX 2018 in a stand set up by the Arab Chamber. The fair began this Tuesday and runs until Thursday.
Power company Companhia Energética de São Paulo (CESP) was sold to the sole bidder at the São Paulo Stock Exchange this Friday (19).
The company’s president said at a conference that there are plans to increase current oil and gas output from 4.8 million bpd to 6.5 million bpd in the next eight years.
According to the country’s minister of Energy, Mines and Sustainable Development, Aziz Rebbah, 75% of the amount will go to the development of renewable sources.
Brazil saw 4,470 MW year-to-date through July. Energy from wind sources makes up 7% of all power generated in the country.
The Fund believe that the country’s economy will pick up in 2018 and 2019 after a downturn in 2017.
The two countries that played each other in the World Cup opener signed an oil and gas agreement in a meeting of ministers in Russia.
