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Aramco The Big Winner In Egypt LNG Import Tender
..., TotalEnergies and Shell as well as trading houses Trafigura, Glencore, Gunvor, Vitol and BB Energy as well as the less well-known Hartree and Mex International. Saudi Arabia has been a staunch ally of Egypt President Abdel Fattah al-Sisi since he took power in 2014 and Riyadh has helped fi...
Volume: 67Issue: 38Published at Fri, 20 Sep 2024 -
Oman Starts Work On 500MW Solar In Bid To Triple Renewables Capacity By 2025
...s awarded alongside. The remaining 50MW of Oman’s current capacity comes from the Dhofar Wind Power Project at Harweel in the south of the country. Abu Dhabi’s Masdar, Spain’s TSK, and US firm GE were given the go-ahead in 2014 leading to generation starting in 2019 (MEES, 16 August 2019). 30...
Volume: 66Issue: 38Published at Fri, 22 Sep 2023 -
SEC ‘Green Sukuk’ Raises $1.3bn
...ans to fund capital projects, although the largest contribution was a $13.3bn loan in March 2014 from the Ministry of Finance. The utility has a strong credit rating, enabling it to borrow at attractive rates. Earlier this month Moody’s (which gives SEC an A2 rating) said “the company enjoys a do...
Volume: 63Issue: 38Published at Fri, 18 Sep 2020 -
Jordan $7bn China Deal To Fund Shale-Burning Power Plant
...rchase agreement. Apco and Nepco agreed on a unit cost of 95 fils/kWh ($0.13/kWh), which compares with an average cost of 170 fils/kWh ($0.24/kWh) from Jordan’s existing power plants (MEES, 18 July 2014). Apco has contracted China’s Guangdong Power Engineering Corporation (GPEC) to build the power pl...
Volume: 58Issue: 38Published at Fri, 18 Sep 2015 -
Dubai Record Generation
....692TWh in the second quarter, compared with 9.739TWh in the same period last year.” Mr Tayir says DEWA also set a new generation record in 2Q14, delivering a peak of 6.845GW compared with 6.340GW in 2013, a rise of 8.0%. “Also,” says Mr Tayir, “the recorded consumption peak in Dubai in 2014 has reached 7....
Volume: 57Issue: 38Published at Fri, 19 Sep 2014 -
OPWP Launches Qurayyat IWP, Al-Ghubrah Finance Closed
...16 September financial close for the 191,000 cmd Al-Ghubrah IWP, which received Muscat’s approval in December (MEES, 26 July). Cadagua says the plant will cost $306mn and is due for completion in 2014. OPWP’s current seven-year plan (2013-19) predicts water demand in its northern op...
Volume: 56Issue: 38Published at Fri, 20 Sep 2013