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SEC $80bn Debt Dilemma
...reement with seven Saudi banks for SR9bn ($2.4bn) to finance “general corporate purposes including capital expenditure.” Overall, SEC has raised $51.3bn since July 2007, mainly through sukuk and bank loans. The largest loan by far, of $13.2bn, was granted by the Ministry of Finance in March 2014 (ME...
Volume: 63Issue: 42Published at Fri, 16 Oct 2020 -
Aramco Targets 12GW Powergen Capacity By 2020, Seeks Supply License
...mpressors and turbines used in Aramco petroleum and petrochemicals facilities. The company last week announced a plan to manufacture gas turbines at the site under a long-term supply agreement with Aramco signed in 2014. While US conglomerate General Electric does not manufacture turbines or generators in...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
SEC Tackles Pricey Fuel With ‘Improved Efficiency’, Falih Firms Up Nuclear Plans
...16, but the 2015 peak of 62.26GW was 10.1% higher than the 56.55GW recorded for 2014. Before the tariffs hike, government’s Electricity and Cogeneration Regulatory Authority (Ecra) was warning that peak load could reach 75GW in 2020 if consumption continued unchecked, a massive 20% increase (MEES, 9 Se...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Qatar Power Demand Tops 7GW; QEWC Advances 2.5GW Plant
...hind this summer’s consumption peak. Kahramaa says the new peak is almost 5% higher than the 2014 high of 6.74GW, and was achieved without an increase in electricity network faults. The state utility says that Qatar’s peak electricity load has increased by 8.5% a year during 2010-14. Qatar can cu...
Volume: 58Issue: 42Published at Fri, 16 Oct 2015 -
Iran Starts Work On 1GW Zanjan Plant
...xt five years. Zanjan Electricity Company head Ali Chehlamirani says the area’s demand peaked at 580MW in summer 2014, of which 73% was consumed in the industrial and agricultural sectors. New plants in Zanjan province are part of a Ministry of Energy plan to add 30GW of generating capacity na...
Volume: 57Issue: 42Published at Fri, 17 Oct 2014 -
Shuweihat S2 Inaugurated As Abu Dhabi Expects Demand Growth
...rrently a partner in an independent power producer (IPP) project under development alongside Shuweihat S2. The Shuweihat S3 plant will have capacity to generate 1.6GW of electricity and is expected to start up in March 2014. Adwea is also studying bids for an IWPP to be built alongside an existing power and wa...
Volume: 56Issue: 42Published at Fri, 18 Oct 2013