ADNOC contributes Dh1 million to Masdar Institute's YFEL

Abu Dhabi, May 2, 2012 (WAM) - As a sign of continuing cooperation, the Abu Dhabi National Oil Company (ADNOC) has contributed Dh1 million for the second consecutive year in support of the Young Future Energy Leaders (YFEL) program, an outreach initiative of Masdar Institute of Science and Technology. The contribution also marks ADNOC's consistent support as the Platinum Sponsor for the YFEL annual program that aims to inspire, educate and position students and young professionals to become tomorrow's the energy industry leaders. The current program has more than 160 members. With a widening support base from the community including leading government organisations, the YFEL program aims to be even more effective in nurturing and fostering energy leaders of the future. One of the key reasons that continue to elicit voluntary response from the wider community, especially important individuals and corporations, is the program's valuable addition to the professional growth of youth. For 2012, YFEL has already lined up an intensive program schedule for the members. This year, the program commenced with the World Future Energy Summit (WFES) 2012, in which YFEL members actively participated, showcasing six innovative project concepts. Earlier, Sultan bin Rashid Al Dhaheri, Member of the UAE Federal National Council (FNC), announced his contribution of one million US dollars to the YFEL program, which was in addition to government and private corporations that are equally keen to support the program. Last year, YFEL received support from Mohammed bin Kardous Al Ameri, an Emirati philanthropist, who contributed Dh1 million. The individual financial contribution was in addition to the platinum and gold sponsorships that were provided by corporations. Established in collaboration with the Massachusetts Institute of Technology (MIT), Masdar Institute is an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, which integrates theory and practice to incubate a culture of innovation and entrepreneurship, working to develop the critical thinkers and leaders of tomorrow. With its world-class faculty and top-tier students, the Institute is committed to finding solutions to the challenges of clean energy and climate change. – Emirates News Agency, WAM