Wednesday 3 September 2014
 
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Siemens wins key SEC deals

German technology giant Siemens has inked two contracts with Saudi Electricity Company for the construction of static var compensators (SVCs) at several substations in Saudi Arabia. Siemens, a global powerhouse which innovates the

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Siemens wins key SEC deals

German technology giant Siemens has inked two contracts with Saudi Electricity Company for the construction of static var compensators (SVCs) at several substations in Saudi Arabia. Siemens, a global powerhouse which innovates the

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$480m solar power project planned for Myanmar

US investors will help finance a $480 million solar power project in Myanmar's northeastern Mandalay region, which will ultimately provide up to 12 per cent of the country's power generation, the US Trade Representative and an investment

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Saudi crude exports fall as domestic demand rises

Saudi crude exports fell in June to their lowest levels in almost three years as oil use in the country's power sector rose and local refineries processed high volumes, official data showed.   The top oil exp

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Impact of power, gas demand in focus

Population growth, industrial expansion and demand for power has had a dramatic impact on the Middle East gas industry with many countries turning to imports to keep pace. The region is focusing on exploring sustainable energy sol

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SEC plans massive power boost for Riyadh

State-run utility Saudi Electricity Company (SEC) plans to bring online more than 4,750 megawatts of natural gas-fired generating capacity in Riyadh between 2015 and 2017, the company said on Sunday. One power plant there, known a

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ABB unveils new cable that doubles power flow

Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind farms. The innovation means a single hi

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ABB unveils new cable that doubles power flow

Swiss engineering group ABB has developed technology that can double the power flow of underground cables, making it cheaper to integrate electricity into the grid from distant offshore wind farms. The innovation means a single hi

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Taqa swings to profits; pulls out of Iraq, India talks

Abu Dhabi National Energy Co (Taqa), the state-owned oil explorer and power supplier, swung to second-quarter profits and said it pulled out of acquisition plans in India and Iraq to improve its cash flow and reduce debt leverage.

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Taqa pulls out of $1.6bn India power deal

Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday. The official, who

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