Bahrain: Nogaholding, EWA power Beban with 100% renewable energy

  • Date: 26-Jan-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Bahrain
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Bahrain: Nogaholding, EWA power Beban with 100% renewable energy

Bahrain's Oil and Gas Holding Company (nogaholding) partnered with Hope Ventures, the investment arm of Hope Fund and producers of entrepreneurship-themed reality television show, Beban, and Bahrain’s Electricity and Water Authority (EWA) to make Beban the first TV show 100% powered by renewable energy.

Beban TV show revolves around entrepreneurs pitching their businesses before a panel of regional investors for investment and strategic business opportunities, reported BNA.

The show highlights local success stories and creates a platform that accelerates local business growth to regional and international markets.

The partnership aims to promote sustainability and encourage alternative energy development throughout the Kingdom.

It is also linked to the Kingdom of Bahrain's commitments made at COP26, which aims to reduce carbon emissions by 30% through local projects and encourage the usage and development of renewable energy, stated the report.

"I am excited to announce the partnership between Hope with nogaholding and EWA. Beban plays a key role in facilitating investment opportunities for promising businesses, which creates an impact that encourages entrepreneurship as a viable path, with the purpose of diversifying Bahrain’s national economy," Hope Fund Chairman Aymen bin Tawfiq Almoayed said.

Electricity and Water Authority President Kamal bin Ahmed Mohammed affirmed the Kingdom’s commitment towards renewable energy source

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