wiredInUSA April 2019

Rebar acquisition

Phase 5 in sight

Photo by Guilherme Cunha on Unsplash

Image: DEWA

Dubai Electricity and Water Authority (DEWA) has issueda request for qualification to build and operate the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The phase will use photovoltaic solar panels and will be commissioned in stages, beginning in the second quarter of 2021. DEWA said the move supports the Dubai Clean Energy Strategy 2050 to provide 75 percent of Dubai’s total power output from clean energy. The Mohammed bin Rashid Al Maktoum Solar Park is expected to generate 5,000MW by 2030.

Japan’s Godo Steel has acquired 86.96 percent of shares in Asahi Industries, making it a subsidiary of Godo with effect from 25 th March. Godo Steel produces rebar at its Funabashi plant, near Tokyo, and Asahi produces rebar and structural steel at a plant in Saitama, also near Tokyo. The combined production from the two plants will total around 600,000 metric tons per year. The acquisition places Godo Steel among the three rebar producers in the Kanto region with the largest base facilities. The other two are JFE Bars and Shapes, with plants in Kashima and Tobu; and Tokyo Tekko and Itoh Iron and Steel, which has plants at Oyama in Tochigi, north of Tokyo, and Hachinohe in north Japan.

wiredInUSA - April 2019

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