Utilities Middle East

GAS FOR AFRICA

Utico, the Middle East’s leading full service utility and the only private water and power company in the UAE, stated today that it has achieved an internatio­nal Sustainabi­lity rating for its benchmark sized Sukuk from DNV UK

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Africa’s energy needs are urgent. As renewable energy continues to gain wide attraction across Africa, natural gas is expected to play a central role in supporting Africa’s drive to achieve electricit­y connection for nearly 600 million people without access to their national grids, to help reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.

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