Abu Dhabi is pushing ahead with a second solar power plant and will invite bidders by the middle of the year, a top official of the emirate's utility said on Monday.
"We plan to invite bidders by the middle of 2018. The capacity will be the same as the first solar plant, if not more," Saif Saleh Al Sayari, the acting director-general of Adwea said at a renewable energy summit in the capital.
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Construction begins at Abu Dhabi’s largest solar power project
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Last year the Abu Dhabi Water & Electricity Authority (Adwea) closed a US$872 million financing package for its first solar power plant with capacity of 1,177 megawatts, the world's largest.
The first plant is scheduled for completion in the second quarter of 2019.
Details of the project will be announced in the coming months, Mr Al Sayari said.
Abu Dhabi aims to generate 7 per cent of its energy from renewables by 2020.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
What is double taxation?
- Americans living abroad file taxes with the Internal Revenue Service, which can cost hundreds of dollars to complete even though about 60 per cent do not owe taxes, according to the Taxpayer Advocate Service
- Those obligations apply to millions of Americans residing overseas – estimates range from 3.9 million to 5.5 million – including so-called "accidental Americans" who are unaware they hold dual citizenship
- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
- Unlike most countries, the US follows a citizenship-based taxation system, meaning that Americans must file taxes annually, even if they do not earn any income in the US.
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