France's EDF Proposes 5 GW Pumped Hydro Storage Project in UAE

10 Dec 2024 CW Team

EDF, the France-based energy giant, has unveiled plans to develop a 5 GW pumped hydro storage facility in Ras Al Khaimah, UAE. This ambitious project aims to store energy for up to 12 hours, providing crucial support for grid stability as renewable energy becomes an increasingly significant part of the UAE's energy portfolio.

Luc Koechlin, CEO of EDF Middle East, shared the initiative during the Ras Al Khaimah Municipality Department Energy Summit, emphasizing the potential of the project to transform the UAE’s renewable energy infrastructure. “This initiative aligns with the UAE’s ambitious climate goals and aims to provide reliable and sustainable energy storage solutions capable of stabilising electricity supply for the long term,” Koechlin stated.

The proposed project expands on EDF’s regional expertise, including its ongoing work on Dubai’s Hatta pumped-storage hydroelectric project. The Hatta project, with a capacity of 250 MW and 1,500 MWh of storage, is expected to be operational by early 2025 and is currently more than 94% complete, with an investment of AED 1.42 billion.

The 5 GW pumped hydro storage project exemplifies the growing role of pumped-storage technology in global energy strategies, especially in regions like the UAE that are prioritising energy resilience and a shift away from fossil fuels. Similarly, India has also been advancing pumped storage projects to address renewable energy intermittency challenges, with the Ministry of Power announcing budgetary support for hydro and pumped storage projects amounting to Rs 124.6 billion. This initiative will support 31 GW of cumulative hydroelectric capacity, including 15 GW dedicated to pumped storage, from 2024-25 to 2031-32.

(Mercom)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..