Saturday 19 April 2014
power projects

$2bn for Tabuk power projects

The Saudi budget for 2014 has allocated SR7.747 billion ($2.07 billion) for nine new electric projects in in the Tabuk region of the kingdom, a report  said. The director of Electricity Department in the region, Engineer Musa


Mena countries plan $250bn power spend

The Middle East and North African (Mena) countries are expected to pump nearly $250 billion into power projects over the next five years to expand generation capacity and meet the growing domestic demand, a report said. The projec


Saudi govt funds buy 19.4pc of power firm

  Two Saudi government-owned funds have purchased a 19.4 percent stake in Saudi water and power project developer ACWA Power International, the company said.   ACWA Power, formed in 2004 to bid for


Bahrain okays $600m loan deals for power projects

The Shura Council has approved four new $600 million (BD226.8 million) loan deals with three GCC countries to help with new electricity projects in Bahrain. Councillors backed Bahrain's move to get the loans from the Abu Dhabi Developm


Schneider Electric, Areva clinch Iraq power deals

Iraq signed deals worth $52 million with France's Schneider Electric and Areva to build 15 power distribution stations in the southern oil hub of Basra, a government official said. Schneider Electric, has won a $29 million contract to buil


ME ‘hot spot’ for massive power projects

The coming two decades are expected to see the biggest ever expansion of power generation capacity in the Arabian Gulf countries with the coming year seen as a turning point, according to industry experts. “With the economic climate changi


Oman to privatise, invest in power projects

Oman will privatise existing power stations and invest 3 billion rials ($7.8 billion) in new projects in a bid to boost the economy and narrow the budget deficit as electricity demand grows, officials told Reuters. Urbanisation and years o

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