DEWA organises conference for solar bidders
Dubai Electricity and Water Authority (DEWA) has held a conference for qualifying international developers who intend to send their proposals for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park to produce 800MW of electricity. The project will be implemented according to the Independent Power Producer (IPP) model. The conference aims to clarify details of the last stage of the bid and answer bidders’ technical, financial and legal questions and enquiries. The conference supports the Dubai Green Energy Strategy 2050 launched by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to make Dubai a global centre of clean energy and green economy.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, welcomed the developers and commended their willingness to participate in this important project, which will help to diversify the energy mix in Dubai, provide promising opportunities, and guarantee a brighter future for everyone. He said: “Launching the second project of the Mohammed bin Rashid Al Maktoum Solar Park by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, marks the beginning of a new era of an economy that is based on environmental sustainability and clean energy. This supports HH Sheikh Mohammed bin Rashid Al Maktoum’s vision of making Dubai the city with the lowest carbon footprint in the world. The project is one of the largest international renewable energy projects, and will develop electricity production techniques by using solar energy, its capacity will reach 1,000 megawatts (MW) by 2020 and 5,000 MW by 2030. The project involves total investments worth AED 50 billion, and will help achieve a reduction of approximately 6.5 million tonnes of carbon emissions annually, supporting Dubai Government’s green initiatives and programmes. DEWA has set a world record by obtaining the lowest price globally, at USD 5.6 cents per kilowatt (kW), for the second phase which will be operational in April 2017 using the Independent Power Produce (IPP) model."
5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly
Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.
Here, Business Chief talks to Janthana about her leadership style and skills.
What do you do, in a nutshell?
I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.
How would you describe your leadership style?
I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.
What’s the best leadership advice you’ve received?
Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.
How do you see leadership changing in a COVID world?
I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.
They say ‘from every crisis comes opportunity’, what opportunities do you see?
The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless.
What advice would you give to your younger self just starting out in the industry?
Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.