Masdar, Abu Dhabi's clean-energy firm, will seek collaboration with South Korean companies and research institutes as the emirate hired a Korean consortium to build four nuclear power stations in a US$20 billion (Dh73.46bn) deal. The collaboration effort follows the agreement between the Abu Dhabi Government investment company Mubadala and the South Korean ministry of knowledge economy to promote joint projects between Masdar and Korean renewable energy and sustainable technology companies.
The pact will increase the likelihood of Korean technology being used in Masdar City, the emirate's carbon-neutral city, encourage joint investments in solar, wind and other renewable energy projects and lead to collaborative research involving Masdar Institute of Science and Technology and Korean research centres. The Masdar chief executive Sultan al Jaber said South Korea had "well established" research programmes and "leading companies" in renewable energy and technology.
Dr al Jaber said the Korean government, which in February announced plans to set up a $72.2 million renewable energy fund, had a "strong commitment" to developing the sector. "We look forward to tapping into these strengths and forming strategic partnerships with academic, research, business and investment institutions from South Korea and to seeing Korean entities become an integral part of the research and innovation that takes place in Masdar City," he said.
Choi Kyung-hwan, the South Korean minister of knowledge economy, praised Masdar as "a unique initiative" with a "significant role" in promoting renewable energy. "I am very pleased that Korean companies will have the opportunity to contribute to Masdar's innovation base and become active players in Masdar City," he said. Marwan Khraisheh, the dean of engineering at the Masdar Institute of Science and Technology, said the agreement would help add names to the "growing list" of outside organisations collaborating with the institute. Current partners include the Massachusetts Institute of Technology.
"[Collaboration] is one of our strategic initiatives to fast-track the development of the institute and to build a world-class university," Dr Khraisheh said. Jim Mienczakowski, the head of higher education at Abu Dhabi Education Council, said, "Any research development and linkages of this kind are going to be a great asset in adding to the existing momentum in building research capability." South Korea's government announced this year a five-fold increase in investment in renewable energy technology by the nine state-owned energy companies. The country wants to increase the share of its energy production from renewable sources from 1.0 per cent to 1.7 per cent by 2011.
The Korean renewable energy fund aims to encourage private sector investment in hydroelectric, solar and wind power plants and technology. @Email:dbardsley@thenational.ae
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Tour de France Stage 16:
165km run from Le Puy-en-Velay to Romans-sur-Isère
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Copa del Rey
Semi-final, first leg
Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')
Second leg, February 27
SPECS
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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Top 10 in the F1 drivers' standings
1. Sebastian Vettel, Ferrari 202 points
2. Lewis Hamilton, Mercedes-GP 188
3. Valtteri Bottas, Mercedes-GP 169
4. Daniel Ricciardo, Red Bull Racing 117
5. Kimi Raikkonen, Ferrari 116
6. Max Verstappen, Red Bull Racing 67
7. Sergio Perez, Force India 56
8. Esteban Ocon, Force India 45
9. Carlos Sainz Jr, Toro Rosso 35
10. Nico Hulkenberg, Renault 26
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
Results:
5pm: Abu Dhabi Fillies Classic (PA) Prestige Dh 110,000 1.400m | Winner: AF Mouthirah, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Abu Dhabi Colts Classic (PA) Prestige Dh 110,000 1,400m | Winner: AF Saab, Antonio Fresu, Ernst Oertel
6pm: Maiden (PA) Dh 80,000 1,600m | Winner: Majd Al Gharbia, Saif Al Balushi, Ridha ben Attia
6.30pm: Abu Dhabi Championship (PA) Listed Dh 180,000 1,600m | Winner: RB Money To Burn, Pat Cosgrave, Eric Lemartinel
7pm: Wathba Stallions Cup (PA) Handicap Dh 70,000 2,200m | Winner: AF Kafu, Tadhg O’Shea, Ernst Oertel
7.30pm: Handicap (PA) Dh 100,000 2,400m | Winner: Brass Ring, Fabrice Veron, Ismail Mohammed
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
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