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Power Generation Set To Drive Middle East Oil Use Gains
...dustrial activity typically rises with economic activity. Consumption averaged 572,000 b/d for the first 11 months of 2022, up 70,000 b/d year-on-year. This is the highest figure since 2017, when the government implemented subsidy reforms to curb consumption and effectively pushed it out from power pl...
Volume: 66Issue: 04Published at Fri, 27 Jan 2023 -
Algeria’s Power Output Falls For First Time On Record In 2020
...20, but was also the second highest on record ahead of 2017’s 14.45GW (see chart 2). The good news is that peak demand remains well below Algeria’s installed capacity, which rose by 900MW to 22.9GW last year. That buffer isn’t as large as it looks, however. In reality, Algeria’s ‘available ca...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Qatar Awards First Utility-Scale Solar Project
...0MW (MEES, 29 September 2017), then 700MW (MEES, 10 January), before Doha settled on its current configuration. Qatar did not initially reveal a levelized cost of electricity (LCOE) for Al Kharsaah – a value thought not to reflect true solar project costs (MEES, 22 November 2019) – saying instead the pr...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Mena Cross-Border Power Grid Links: More Theory Than Practice
...ectricity between GCC countries as well as enabling alternative supplies to reduce power outages. But volumes remain puny. GCC countries see use of the grid as an emergency backstop more than a routine occurrence: non-emergency transfers only accounted for more than 50% of transfers for the first time in 2017...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Egypt Tests Sudan Grid Link As Saudi Plans Stall
...velopment as part of Crown Prince Muhammad bin Salman’s ‘Neom’ project (MEES, 27 October 2017). Saudi Arabia was expected to launch an adjusted tender for its side of the link last year, according to local media reports in March 2019, but this has not yet occurred. Of Egypt’s current cross-border li...
Volume: 63Issue: 04Published at Fri, 24 Jan 2020 -
Mena Nuclear Power Plans Lose Their Glow
...Ruwais, is not expected before the end of 2019. “Nuclear is coming, but there will be a delay,” he announced earlier this month. State nuclear firm Enec originally intended to bring the four 1.4GW Barakah reactors online at yearly intervals over 2017-20. But state nuclear regulator FANR will no...
Volume: 62Issue: 04Published at Fri, 25 Jan 2019 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...tibank of the US; Japan’s Bank of Tokyo-Mitsubishi, Mizuho Bank and Sumitomo Mitsui Banking; First Abu Dhabi Bank; France’s Natixis; and the UK’s Standard Chartered and HSBC. SEC’s growing debts may impact Riyadh’s long-planned privatization of the company (MEES, 22 December 2017) as might the focus of...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Saudi Ups Power Profits Ahead Of Planned Sell-Off
...pply grids (MEES, 4 March 2016). FURTHER HIKES Meanwhile, further increases to Saudi electricity tariffs are likely. Following the publication of the 2017 annual budget, Mr Falih said that during 2017-20 the government will gradually link all domestic energy prices to a benchmark that has yet to...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Egypt Looks Eastwards For Big Power: To China For Coal, To Russia For Nuclear
...id Corporation of China for a $650mn transmission system linking three 4.8GW plants, using gas-fired turbines from the Siemens deal, to Egypt’s grid. These are being built at Beni Suef, Burullus and a planned new capital city 45km east of Cairo, for start-up over 2017-20. Mr Xi signed 21 pr...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Egypt Plans 20GW Of Extra Coal Plants, 4.3GW Renewables
...esel ^2015 Suez EEHC 650 Oil 2016 Damietta West* EEHC 250 Gas 2017...
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