Solar power plant to account for 10 per cent of Mauritania’s grid capacity

Abu Dhabi-United Arab Emirates - Tuesday, October 23rd 2012 [ME NewsWire]

Masdar announced today the development of a 15-megawatt solar power project in Nouakchott, the capital city of the Islamic Republic of Mauritania. The plant will deliver 10 per cent of electricity capacity in Mauritania. Masdar is a renewable energy company based in Abu Dhabi, UAE, which has large and small-scale power projects around the world.

The project is the first utility-scale solar power installation in the Islamic Republic of Mauritania.

"Mauritania has some of the highest levels of solar radiation in the world, making it an ideal place for solar power installations,” said Mauritania’s Minister of Petroleum, Energy and Mines H.E. Taleb Ould Abdivall.  "We are pleased to be working with such esteemed partners on this important project and remain committed to harnessing our abundant renewable energy ... Read more »

Global Law Firm Leases More Than 420,000 SF (80%)

Doha,Qatar - Monday, October 22nd 2012 [ME NewsWire]

TFI US Real Estate Fund,Hines andArchstone, developers of CityCenterDC, announced today the signing of a lease with Covington & Burling LLP (Covington) as the anchor office tenant of the landmark, mixed-use development in downtown Washington, D.C.  CityCenterDC is one of the largest downtown developments currently underway in the United States. With the execution of the Covington lease, the office buildings are now more than 80 percent pre-leased. This is a major achievement for a project which broke ground in April 2011.  With the core and shell of this 2 million square foot project nearing completion ahead of schedule, CityCenterDC is poised to take its place as a dynamic neighbourhood in the city. 

            The First Investor (TFI) is the investment banking arm of Barwa Bank, one of Q ... Read more »