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Jordan Nears 20% Renewables Generation, Oil Shale In Limbo
...e start of imports from Israel’s giant Leviathan field under a 15-year, 45bcm supply deal signed in 2014 (MEES, 5 September 2014). The US-backed deal faced significant opposition on the Jordanian street, but its prompt 1 January startup last year saw Israel emerge as the biggest supplier to Jo...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...test loan is the firm’s largest from the international finance sector, it is dwarfed by a $13.2bn government ‘soft loan’ provided in 2014 (see table). The firm’s total stock of finance market lending is now almost double that sourced from the government. Nevertheless, money owed to the Ministry of Fi...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Saudi Ups Power Profits Ahead Of Planned Sell-Off
...s not clear how SEC would fare, given that average customer payments were lower than generating costs. The results for 2016, however, suggest that the company’s finances are now better balanced. SEC’s 57.3% fall in net profits from 2014 to 2015 underlines another problem facing the company, be...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
GE $1.4b Iraq Power Deal
...tual generating capacity. However, the ministry says that Iraqi electricity supply reached a peak of 13.4GW in 2015, up from 12.3GW in 2014. ...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Can Climate Change Catalyze Middle East Economic Reform?
...otovoltaic (PV) and wind technologies have become a greater incentive for investors. According to IRENA, onshore wind costs have been declining over the past years, with the best projects delivering electricity at $0.05cents/kWh without financial support. The price of solar PV modules fell by around 75% in 2014...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Egypt Plans 20GW Of Extra Coal Plants, 4.3GW Renewables
...nerating capacity reached 31.45GW at the end of 2014, according to MEES estimates. This includes 14.46GW of steam turbine capacity, configured to burn either oil or gas, as well as 13.51GW of gas-fired (combined cycle plus open cycle gas turbines) and a total 3.49GW of hydro and renewables. Mr Shakir sa...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
SEC Profits Up 20% In 2012
...ne in 2015. SEC is also working with partners on four independent power producer (IPP) projects: 1.2gw Rabigh-1 and 1.729gw Riyadh PP11 are due on line in 2013; 4.0gw Qurayyah is scheduled for 2014; and 1.81gw Rabigh-2 is slated for completion in 2017 (MEES, 18 January). SEC’s fifth planned IPP will be...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013