Latest news with #YasserHumaidan
Daily Tribune
18-04-2025
- Business
- Daily Tribune
Private sector power shift cuts costs
Handing electricity production over to the private sector has helped cut running costs and sharpen output, Electricity and Water Affairs Minister, His Excellency Yasser Humaidan, told Parliament. He said this approach lifts a weight off public finances, as the government no longer has to foot the bill for new power stations, an outlay that would otherwise run into large sums. 'The move towards independent power production began over two decades ago,' he said. 'It's worked well. Costs have dropped, and efficiency has improved, thanks to modern technology and a flexible way of meeting growing demand.' Humaidan said that generating one kilowatt-hour of electricity costs 21.7 fils, while transmission and distribution add another 7.5 fils. Electricity subsidies last year stood at BD161 million, he said, with BD105 million going to the first tier of household bills.
Zawya
27-01-2025
- Business
- Zawya
Bahrain's ministry signs renewable energy framework with GFG
Bahrain - Electricity and Water Affairs Minister Yasser Humaidan and Gulf Air Group (GFG) chairman Khalid Hussain Taqi signed a joint framework for renewable energy and energy efficiency. The minister said that the framework reflects the ministry's commitment to implementing Bahrain's National Energy Efficiency Action Plan (NEEAP). He commended GFG's efforts in adopting sustainable energy solutions and capacity-building initiatives, underscoring the importance of such collaboration in promoting energy sustainability as part of the government's environmental sustainability vision. Mr Humaidan highlighted the private sector's role in advancing renewable energy objectives and leveraging opportunities provided by the national renewable energy plan, praising GFG for supporting national efforts to optimise energy use and adopting advanced technologies to achieve its aspirations in this field. Mr Taqi underscored that the strategic partnership with the Electricity and Water Affairs Ministry aligns with the group's ongoing efforts to support Bahrain's transition to a low-carbon, sustainable economy. He reiterated the group's commitment to national directives promoting renewable energy and supporting initiatives for sustainable development. 'This commitment aligns with Bahrain's goals to reduce carbon emissions by 30 per cent by 2035 and achieve net-zero emissions by 2060, contributing to a greener and more sustainable future for the kingdom,' he added. The framework aims to provide technical support and consultancy from the ministry to GFG for integrating renewable energy solutions and enhancing energy efficiency across its buildings and facilities.
