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Malakoff, IP complete Bahrain plant dealInternational Power has announced the completion of the sale of a 40 per cent stake in Bahrain's Hidd Power Company (HPC) to Malakoff International, a wholly owned subsidiary of Malakoff Corporation Berhad. This partial sale of Hi More… |
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Tihama Power to expand Saudi plantsInternational Power and Saudi Oger have announced the signing of Energy Conversion Agreements (ECAs) for an expansion of their joint venture Tihama's power plants in Saudi Arabia. The expansion follows an award from Saudi Aramco. Inter More… |
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GDF Suez takes full control of International PowerFrench utility GDF Suez took control of Britain's International Power on Monday through a sweetened offer of 6.4 billion pounds ($10.2 billion), leaving the world's biggest independent power producer better placed to win contracts in fast-gr More… |
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Top Oman power producer in debut IPOSMN Power Holding, Oman's largest electricity producer, said it has started trading on the Sultanate's bourse offering 35 per cent of its share capital. SMN Power is a JV between UAE-based Kahrabel, a wholly-owned unit of More… |
Global giants eye Bahrain plant dealBahrain has prequalified 13 international and regional firms to build a water desalination and power plant, a report said. The Addur plant will have capacity of at least 500 MW of power by 2010, increasing to as much as 2,000 MW the follow More… |
Debt issue of $2.2bn to finance UAE utility plantCalyon, Citibank and Sumitomo Mitsui are arranging a 20-year, $2.24 billion debt issue to finance the Fujairah 2 water and power project in the UAE. "The arrangers for the debt, which is 80 percent of the project cost, are Calyon, Ci More… |
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ADWEA inks $2.8bn plant dealAbu Dhabi has awarded a contract to build a $2.8 billion power and water desalination plant to the UK's International Power and Japan's Marubeni, an IP executive said. 'We signed the agreement with Abu Dhabi Water and Electricity Authority More… |
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Fujairah 2 power purchase deal signedAbu Dhabi Water and Electricity Company (ADWEC) has signed a 20-year power and water purchase agreement (PWPA) for the entire output from the Fujairah F2 IWPP. The agreement was signed by the project partners International Power, th More… |
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ADWEA invites power, water plant bidsAbu Dhabi has invited offers from at least 20 international firms to build a water desalination and power plant, an official said 'We have just launched the competitive process to select a developer for the Shuweihat S2 (project) ... We ha More… |
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Foreign firms in race for $2bn Qatar projectForeign companies are competing for an estimated $2 billion power and water project in Qatar and will submit proposals for the plant by the end of July, sources said. The Ras Laffan C independent water and power plant project will be the b More… |
