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Jun 24 2006

Dubai Techno Park to host a Dh50m facility

DUBAI -- Techno Park has announced the signing of an agreement with Solar Technologies FZE, which will invest Dh50 million in a facility located at the park, to develop high technology solar energy products and solutions.

The company will be designing and assembling solar thermal power plants, solar thermal air-conditioning solutions and other large scale solar thermal solutions for medium and large projects.

A total land area of 400,000 square feet will be occupied at Techno Park by Solar Technologies to develop a cluster of facilities that will also include the region's first-of-its-kind R&D centre for designing and building solar power plants.

The company's solar power plants will use 'Concentrating Solar Power' plant technology to produce electric power by converting the sun's energy into high temperature heat using various mirror configurations.

Abdalla Al Banna, Vice-President, Sales and Marketing, Dubai Techno Park, said: "We are glad that Solar Technologies has decided to set up operations of this scale in Techno Park, which will significantly add to the value of our clients portfolio. The increasing stress on various energy resources today has made it imperative for everyone concerned to opt for alternate sources of energy, and solar energy has proven to be extremely viable in this regard."

BY A STAFF REPORTER

© Khaleej Times 2006

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