His Excellency Mohamed Hassan Alsuwaidi
His Excellency Mohamed Hassan Alsuwaidi is the UAE Minister of Investment and serves as the Managing Director and Chief Executive Officer at ADQ.
His Excellency holds the positions of Chairman of Abu Dhabi National Energy Company (TAQA) and Chairman of Pure Health. He is also the Deputy Chairman of Abu Dhabi Future Energy Company (Masdar) and Second Vice Chairman of Aldar Properties.
In addition, His Excellency serves as a member of the Board of Directors at Emirates Investment Authority, Abu Dhabi Pension Fund, Advanced Technology Research Council, ADNOC Distribution, ADNOC Gas, Emirates Nuclear Energy Corporation, and Al Dahra Holding.
Prior to joining ADQ, His Excellency garnered extensive experience across multiple sectors in his tenure with Mubadala Investment Company, where he held several investment management positions covering sectors such as metals and mining, real estate, hospitality, infrastructure, technology, and agriculture.
His Excellency has experience in banking and finance from his tenures with Union National Bank, Abu Dhabi Ship Building and the General Secretariat of the Abu Dhabi Executive Council.
His Excellency holds a bachelor’s degree in Accounting from United Arab Emirates University.
Masdar & EDF in Pact with Govt of Kyrgyz Republic for 3.6 GW of RE Projects
Abu Dhabi’s energy firm Masdar and UK based EDF Energy has inked a landmark agreement with government of the Kyrgyz Republic to explore development of hydro and renewable energy projects with a combined capacity of up to 3.6 gigawatts (GW).
The agreement was signed during COP28 in Dubai by Kyrgyz Minister of Energy, H.E. Taalaibek Ibraev, Masdar Director, Development and Investment (EMEA), Ahmed Al Awadi and EDF Assets Development Director for Europe and Central Asia, Emmanuelle Chevennement.
The signing ceremony was witnessed by the President of the Kyrgyz Republic, H.E. Sadyr Japarov, UAE Under-Secretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure, Sharif Al Olama, and EDF Chairman and Chief Executive Officer, Luc Remont.
This memorandum of understanding (MoU) represents Masdar’s first entry into the hydropower space. Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President and Masdar Chairman, said, “At COP28 it will be incumbent on the world to utilize all clean energy sources at its disposal to keep the ambition of limiting global temperature rises to 1.5C within reach. Hydropower is one of the oldest clean energy sources and has many positive attributes that can help a number of countries around the world achieve their climate goals and meet their net-zero targets.”
H.E. Taalaibek Ibraev, Minister of Energy of the Kyrgyz Republic said, “This agreement serves to further strengthen the existing ties between the Kyrgyz Republic, the UAE and France. Hydropower is a very important energy source for the Kyrgyz Republic and this agreement will help our nation to strengthen its existing clean energy supply and to develop projects utilizing other renewable energy sources.”
Masdar Chief Executive Officer Mohamed Jameel Al Ramahi said, “This agreement represents a new chapter for Masdar in our clean energy journey. With over 17 years of pioneering renewable energy technologies and successfully delivering utility-scale clean energy projects, we are glad to have the opportunity to bring the energy, passion and focus to hydropower that we have utilized for so many other renewable energy sources as we seek, in partnership with EDF, to build a successful collaboration with the Kyrgyz Republic, deepening the strong relationship between the UAE and the Kyrgyz Republic.”