INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Sharjah sees Al Hamriyah plant work over 80% completed

    • The plant has a gas turbine with a production capacity of 400 MW

    • It also has a heat recovery boiler as well as a steam turbine with a capacity of 200 MW

    The Hamriyah Independent Power Plant in Sharjah is seeing steady progress, with more than 80% work already completed, said local reports on Friday, June 18. 

    The plant has a gas turbine with a production capacity of 400 MW, said the reports, adding that it also has a heat recovery boiler as well as a steam turbine with a capacity of 200 MW.

    The Al Hamriyah project, one of the most recent in the energy sector, reportedly comprises three stages operating on an installed cycle system, each of which can produce 600 MW.

    The project aims to increase the installed production capacity to 4,600 MW of electricity, and raise the operational efficiency to more than 60%, thus having a significant impact on reducing carbon emissions, said Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, after an inspection tour of the project. 

    He was later briefed on the project’s operations room and learned how it works using the latest technologies in control and follow-up. 

    He expressed his happiness with the pace of work which is being implemented in phases.

    The first of the installed phases began trial operation last April, with the main operation to start next November. 

    The second stage is expected to be completed in February 2022 while the third and final group in February 2023.