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Mid East Info
13-05-2025
- Business
- Mid East Info
Crown Prince of Abu Dhabi and President of Kazakhstan Witness Masdar Agreement to Develop Renewable Energy Projects
Masdar signs collaboration agreement with Samruk-Kazyna during official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Kazakhstan The agreement will support the development of '24/7' project providing up to 500MW of baseload renewable energy and battery energy storage projects with up to 2GW capacity UAE and Kazakhstan Energy Ministers also exchanged documents recognizing ratification of government agreement on development of Masdar's 1GW wind farm in Central Asian nation Astana, Kazakhstan – May, 2025: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, and His Excellency Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, witnessed a collaboration agreement between Abu Dhabi Future Energy Company PJSC – Masdar and Samruk-Kazyna JSC, related to the development of renewable energy and battery energy storage system (BESS) projects in Kazakhstan. His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, and Nurlan Zhakupov, Chief Executive Officer of Samruk-Kazyna, exchanged documents related to the collaboration agreement during the Kazakhstan-UAE Business Forum. Under the agreement, Masdar, the UAE's clean energy leader, and Samruk-Kazyna, Kazakhstan's sovereign wealth fund, will explore the development of a '24/7' project that will provide up to 500 megawatts (MW) of baseload renewable energy, and BESS projects with up to 2 gigawatts (GW) capacity. Masdar is currently developing a 1GW wind farm with a 600-megawatt-hour (MWh) BESS in Kazakhstan, set to be one of the largest wind projects in the region. HE Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, and HE Yerlan Akkenzhenov, Minister of Energy for Kazakhstan, also exchanged documents related to the ratification of the Intergovernmental Agreement (IGA) signed at COP28 in 2023 for the development of the 1GW wind project. This marks a significant milestone toward the project's implementation. HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman, said: 'This agreement builds on the already strong energy partnership between our two countries and will support Kazakhstan's ambitious renewable energy objectives. By leveraging Masdar's expertise in renewables and battery storage technology, Kazakhstan will be able to address today's energy needs while creating new jobs, stimulating its economy and preparing for the growing demands of tomorrow. We look forward to working closely with Samruk-Kazyna and the Government of Kazakhstan to deliver sustainable, secure energy and drive socioeconomic progress.' Nurlan Zhakupov, CEO of Samruk-Kazyna, said: 'In line with President Tokayev's objective of reaching carbon neutrality by 2060, Samruk-Kazyna is strengthening its efforts in low-carbon development, including through partnerships with leading international companies such as Masdar. This agreement represents a step forward toward increasing the share of renewable energy in Kazakhstan's energy mix, using advanced technologies to support a more sustainable and resilient energy future.' Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: 'Kazakhstan is a key strategic partner for Masdar and today's agreement further strengthens our presence in the country, building on the strong collaboration established through our existing 1GW wind and battery storage project in the Jambyl region. This agreement also strengthens our partnership with Samruk-Kazyna and we will continue to work closely together to support energy security, economic diversification and climate action.' Kazakhstan is targeting generating 15 percent of electricity from renewable energy sources by 2030 and 50 percent by 2050. Masdar signed an agreement at COP28 with W Solar, Qazaq Green Power QGP, a Samruk-Kazyna Group company, and the Kazakhstan Investment Development Fund to develop and implement the 1GW wind project. The power purchase agreement and the investment agreement for the project were signed at COP29 in Baku last year, with construction expected to begin in 2026. Masdar announced a significant advance in battery storage technology this year, with the launch at Abu Dhabi Sustainability Week (ADSW) of the world's first gigascale 24/7 solar and battery storage project. Located in Abu Dhabi, the project will feature a 5.2GW (DC) solar photovoltaic (PV) plant, coupled with a 19 gigawatt-hour (GWh) BESS to deliver up to 1GW baseload power every day – the largest combined solar and BESS project in the world. With abundant solar and wind resources, Central Asia is a key strategic region for Masdar. Beyond its footprint in Kazakhstan, the company has an active presence across the region, including Uzbekistan and Azerbaijan. Masdar is targeting a 100GW global portfolio capacity by 2030.
Time of India
01-05-2025
- Business
- Time of India
Rafale-M roars after Pahalgam: How India's French fighter deal could turn up the heat on Pakistan
India's recent agreement with France to acquire 26 Rafale-Marine aircraft has been described as a strategic move amid ongoing tensions with Pakistan. The timing of the deal—just days after the Pahalgam terror attack—has raised its symbolic and operational significance. #Pahalgam Terrorist Attack Nuclear Power! How India and Pakistan's arsenals stack up Does America have a plan to capture Pakistan's nuclear weapons? Airspace blockade: India plots a flight path to skip Pakistan "During such a time, when there is a lot of tension going on between India and Pakistan after the Pahalgam terror attack , the signing of this deal is going to mount pressure on Pakistan... In the coming days, whatever action India takes against Pakistan, Rafale will play a key role," defence analyst Sanjeev Srivastava told ANI. He added, "This deal will strengthen India's defence position against Pakistan, and it will keep pressure on them also... The aircraft will be operating from India's two aircraft carriers, which are expected to be delivered between 2028 and 2030. But this has happened amid tension and it will, without any doubt, keep the adversaries under pressure." 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by India-France sign $7.5 billion naval Rafale deal The agreement was signed under an Intergovernmental Agreement (IGA) framework. It includes 22 single-seat Rafale M aircraft and four twin-seat Rafale D jets. The package also includes training modules, simulators, associated weapons, equipment, and a five-year performance-based logistics support system, according to statements from the Indian Ministry of Defence and the French Embassy in India. Present at the signing were France's Ambassador to India, Thierry Mathou, and India's Defence Secretary, Rajesh Kumar, along with senior officials and industry partners. This deal marks the first-ever export order for the naval version of the Rafale jet, manufactured by Dassault Aviation . Live Events Aerospace cooperation with a Make-in-India boost The Rafale M jets, expected to be delivered between 2028 and 2030, will fly from INS Vikrant and support the existing MiG-29K fleet. But the significance of this deal extends beyond new aircraft. It also includes critical clauses for indigenisation. "In line with the Government's thrust on Aatmanirbhar Bharat , the agreement includes Transfer of Technology for integration of indigenous weapons in India. It also includes setting up of production facilities for Rafale Fuselage as well as Maintenance, Repair and Overhaul facilities for aircraft engine, sensors, and weapons in India,' said the Ministry of Defence. The Transfer of Technology clause could enable integration of the Indian-made beyond visual range missile, Astra, onto the Rafale platform. Dassault has already begun building a Maintenance, Repair, and Overhaul (MRO) facility in Uttar Pradesh as part of its offset commitments for previous Rafale purchases. Why interoperability matters for the Navy and Air Force Dassault's Rafale-M won the bid over Boeing's F/A-18 Super Hornet, largely due to its operational compatibility with the Indian Air Force's (IAF) 36 Rafales, already stationed at Ambala and Hasimara. Both services—the IAF and the Navy—will now benefit from shared systems and logistics. This includes the "buddy-buddy" aerial refuelling system, which allows one aircraft to refuel another in flight. Such interoperability improves operational endurance and simplifies maintenance cycles. The IAF operates the Rafale C, and the Navy's Rafale M has a high degree of equipment and airframe commonality with it. This reduces the complexity of training and supply chains. Aiming for more than just aircraft This agreement could also set the stage for future Rafale orders. With its current fleet strength below the sanctioned 42 squadrons, the IAF is exploring options to expand its inventory while avoiding excessive diversification. The push to integrate indigenous weapons, like the Astra missile, requires access to the Rafale's source code—a point of negotiation with Dassault Aviation. Air Chief Marshal A.P. Singh has previously cited the British-origin Jaguar as a model, allowing India to regularly upgrade avionics and weapons thanks to licensed production. Replicating this model with the Rafale would support long-term self-reliance and modernisation. Lessons from Mirage: Why domestic production matters India's earlier acquisition of the Mirage 2000 jets highlights the importance of local manufacturing. Between 1982 and 1985, the IAF purchased 51 Mirage jets in flyaway condition. Over the years, spare parts and upgrades became a challenge. India had to procure second-hand jets to cannibalise for spares. Even after a costly upgrade deal with Thales in 2011, the mid-life overhaul of the Mirage fleet has been slow. In contrast, the licensed manufacturing of Jaguars and Su-30 MKIs allowed India's Hindustan Aeronautics Limited (HAL) to maintain and upgrade them locally, ensuring longer operational relevance. The Rafale deal now seeks to follow this path. This contract not only equips India's Navy with state-of-the-art jets, but also builds infrastructure for long-term support. The MRO facility in India will also handle depot-level maintenance of the M88 engine—the first such facility outside France. Overhaul of MICA missiles is also planned under this framework. By linking strategic deterrence with domestic capability building, the Rafale-M deal signals more than a weapons purchase. It reflects a broader shift in India's defence policy—towards resilience, preparedness, and industrial self-reliance. Manufactured by Dassault Aviation, the Rafale M is a proven carrier-based combat aircraft. Deliveries of the Rafale M jets are expected to begin in 2028 and are anticipated to be completed by 2030. The Rafale M jets will operate from INS Vikrant and support the existing Mig-29 K fleet. The Indian Air Force already operates a fleet of 36 Rafale aircraft acquired under a separate deal signed in 2016. These aircraft are based at Ambala and Hasimara. The new deal will raise the total number of Rafale jets in India to 62, significantly boosting the country's fleet of 4.5-generation fighter aircraft.
Business Upturn
28-04-2025
- Business
- Business Upturn
India and France sign Rs 63,000 crore deal for 26 Rafale Marine jets for Indian Navy
By Aditya Bhagchandani Published on April 28, 2025, 14:38 IST India and France have officially signed a ₹63,000 crore deal for the procurement of 26 Rafale Marine aircraft for the Indian Navy, ANI reported on Monday. The Intergovernmental Agreement was exchanged between the two nations in the presence of Defence Secretary Rajesh Kumar Singh and Navy Vice Chief Vice Admiral K. Swaminathan. #WATCH | Delhi | The Intergovernmental agreement was exchanged between the two sides in the presence of Defence Secretary RK Singh and Navy Vice Chief Vice Admiral K Swaminathan. (Source: Indian Navy) — ANI (@ANI) April 28, 2025 The deal comes at a crucial time amid heightened tensions with Pakistan following the Pahalgam terror attack on April 22. Business Upturn had earlier reported that the agreement was imminent, with the signing ceremony scheduled for today, Monday. The Government-to-Government (G2G) deal includes 22 single-seater and four twin-seater Rafale Marine jets. The agreement also covers comprehensive fleet maintenance support, personnel training, logistical backup, and provisions for indigenous component manufacturing to bolster domestic defence capabilities. The 26 Rafale jets are urgently required for deployment on India's aircraft carriers, particularly INS Vikrant, enhancing India's maritime strength and strategic readiness. This landmark acquisition is expected to significantly strengthen India's naval aviation prowess in the Indo-Pacific region, sending a strong signal amid rising regional tensions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Ya Biladi
22-04-2025
- Business
- Ya Biladi
Morocco to extend gas network to Dakhla and connect to Atlantic African Gas Pipeline
The Minister of Energy Transition and Sustainable Development, Leila Benali, announced on Monday at the House of Representatives that her department is working on launching a call for expressions of interest regarding the national gas network, with the goal of extending it to the city of Dakhla to connect to the Atlantic African Gas Pipeline (Nigeria-Morocco). In response to an oral question about the latest developments of the Nigeria-Morocco Gas Pipeline, the minister specified that work is underway on the first phase, which includes the Senegal-Mauritania-Morocco axis. She added that the project has made significant progress, with the completion of feasibility and engineering studies, as well as ongoing field studies and environmental and social impact assessments. In this context, the minister indicated that her department had held a series of meetings, culminating in the ministerial meeting of the member countries of the Economic Community of West African States (ECOWAS), Morocco, and Mauritania at the end of 2024. This meeting resulted in the adoption of the Intergovernmental Agreement (IGA) and the Host Government Agreement (HGA). The Nigeria-Morocco Gas Pipeline, now called the Atlantic African Gas Pipeline, is a strategic project aimed at boosting economic and industrial development. It also serves as a lever to accelerate access to the electricity network and create job opportunities. This project will position the kingdom as the only energy corridor connecting Europe, Africa, and the Atlantic basin, Benali emphasized. The minister recalled that this project is part of the royal vision, which reflects Morocco's strong desire to enhance the access of Sahel countries to the Atlantic Ocean and promote economic integration. This gas pipeline, which stretches over more than 6,800 kilometers and has a transport capacity of 30 billion cubic meters of natural gas per year, continued Benali, will require a total investment estimated at 25 billion dollars and will prepare the region for the green hydrogen economy.
Egypt Independent
08-04-2025
- Business
- Egypt Independent
Egypt signs 9 financing agreements with French Development Agency at value of €262.3 mln
CAIRO, April 7 (MENA) – Egypt has signed nine financing agreements with the French Development Agency (AFD) on the sidelines of French President Emmanuel Macron's current high-level official visit to Cairo. Valued at a total of 262.3 million euros worth of loans and grants, the agreements signed reflect the strength and diversity of the long-standing partnership between Egypt and France. The signing ceremony was attended by Minister of Transport and Industry Kamel al-Wazir, Minister of Health and Population Khaled Abdel Ghaffar, Minister of Planning, Economic Development and International Cooperation Rania al-Mashat, Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Housing, Utilities and Urban Communities Sherif al-Sherbiny, as well as a number of French ministers. The agreements, which cover three top-priority sectors: transport, water, and energy, include high-impact projects that reflect the diversity of cooperation between Egypt and France. These projects constitute nearly half of the commitments included in the Intergovernmental Agreement (IGA) for the period 2021-2025. By leveraging the technical expertise and know-how of French companies, the AFD Group invests in projects with a tangible impact to achieve shared prosperity. Since 2006, the AFD Group has been a key player in France-Egypt cooperation. Its activities support economic, social, and environmental transformations in Egypt in line with the UN's Sustainable Development Goals and Egypt Vision 2030. (MENA)
