• Most Popular
  • Most Shared

Reuters Showcase

Tata Motors Results

Tata Motors Results

Tata Motors Q3 net jumps 40.5 pct.  Full Article 

Unitech Results

Unitech Results

Unitech hit by fall in demand for houses.  Full Article 

iPad Trouble

iPad Trouble

Apple may face iPad export ban in China trademark row.  Full Article 

Under Scrutiny

Under Scrutiny

India probes Google, Yahoo for possible forex violation.  Full Article 

No Censorship?

No Censorship?

India will never censor social media - Sibal.  Full Article 

Singapore Airshow

Singapore Airshow

Asia's biggest arms, aerospace event begins under China shadow.  Full Article 

Downgrade Threat

Downgrade Threat

Moody's warns may strip France, UK, Austria's Aaa rating.  Full Article 

India's Reliance Industries KG-D6's facility located in the Indian state of Andhra Pradesh is pictured in this undated handout photo. India's Reliance Industries Ltd resumed crude oil production from its east coast MA-1 field on March 8 following an emergency shutdown in December, Upstream Regulator V.K. Sibal said on March 12, 2009. REUTERS/Reliance Industries/Handout (INDIA ENERGY BUSINESS IMAGE OF THE DAY TOP PICTURE) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

RIL's Output Woes

Reliance Industries' D6 output may fall to 27 mscmd - source.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Stock recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage 

Total, Air Liquide eye UAE green energy deals

Stocks

   

ABU DHABI | Wed Nov 4, 2009 4:04pm IST

ABU DHABI Nov 4 (Reuters) - French energy companies, such as Total (TOTF.PA) and Air Liquide AIR.PA, are bidding for contracts and could invest in a new $15 billion carbon-neutral city in Abu Dhabi, France's foreign trade minister said.

"French companies are in talks with Masdar. They want to get involved (and) can offer a lot of technologies in new energy," Anne Marie Idrac told reporters on Wednesday.

Masdar was set up by the Abu Dhabi government in the United Arab Emirates to develop sustainable and clean energy.

It aims to put the emirate of Abu Dhabi, holder of 90 percent of the United Arab Emirate's oil reserves, at the forefront of the future energy industry.

Total is bidding in a consortium for a solar power plant and Air Liquide is bidding to provide industrial gas into Masdar and may co-invest in the project, Idrac said.

Idrac, who was leading a French delegation to Saudi Arabia and Iraq, said other small and medium-sized companies were also looking at offering technologies at Masdar.

Masdar is investing $15 billion to build the world's first carbon-neutral, zero waste city and is developing various alternative energy projects.

Abu Dhabi is the capital of the United Arab Emirates, the world's third-largest oil exporter, and has been spending billions of dollars developing its infrastructure as it looks to diversify its economy away from the hydrocarbons sector. (Reporting by Stanley Carvalho; Editing by John Irish and Dan Lalor)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.