Abu Dhabi: The International Renewable Energy Agency (Irena) approved a core budget of $13.26 million (Dh48.7 million) and a provisional budget of $23.92 million for 2011, officials said yesterday.

The core budget will be funded by all signatories including 148 nations and the European Union, they said. At a press conference, officials disclosed to reporters major decisions taken at the fourth session of the preparatory commission for Irena which concluded in the capital yesterday.

As Gulf News exclusively reported on Sunday, Adnan Z. Ameen, a Kenyan national who is working with the United Nations, has been selected to the post of interim director-general. He will take charge on November 1. He is replacing Hélène Pelosse who had resigned due to unknown reasons.

First assembly

Irena will hold its first assembly on April 4 and 5 in Abu Dhabi.

The session finalised a procedure on appointing a director-general who will be elected in the first assembly.

Member states also agreed on a procedure to select projects that will be funded by the Abu Dhabi Fund for Development.

This fund will dedicate $50 million per year to finance renewable energy projects in developing countries.