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Taqa Hikes Foreign Ownership Limit To 49% Ahead Of Offering
...reign investment in Taqa supports the “significant efforts of our country’s leadership to encourage foreign capital inflows.” State petroleum firm Adnoc has led the way, raising $851mn in a 2017 IPO of Adnoc Distribution. It has also brought foreign investors into its midstream operations (MEES, 26 Ju...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...cess of peak demand (MEES, 9 August). In the first half of 2019 SEC had access to a total 75.1GW of capacity to supply its grid, 15.5GW above peak load of 59.6GW. Additionally, reduced electricity subsidies have helped cut peak load from the record 62.1GW of 2017 (see chart). PRIVATE SECTOR PL...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Morocco Pushing Renewables, Eyes LNG Imports In Bid For Cleaner Power
...ectricity with Spain in 2017, as well as 149GWh with Algeria. These brought Morocco net imports of 5.33TWh in 2017 or just over 14% of total consumption. Minister of Energy Aziz Rebbah projects 5.5%/year growth in Moroccan power demand to 2027. Last year Morocco’s electricity consumption amounted to 37...
Volume: 61Issue: 46Published at Fri, 16 Nov 2018 -
Abu Dhabi’s Taqa: Power Steady But Upstream Slumps With Capex Cuts
...E and abroad, are earning steadily and its upstream assets – all overseas – are providing better income. But the company again posted a net loss for the first nine months of 2017. Taqa’s Q1-3 2017 revenue was Dh12.53bn ($3.41bn at the fixed exchange rate of $1=Dh3.6725), down 40% from a record Dh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
IEA 2017 WEO: Key Power Forecasts*
...MENA LAGS THE WORLD IN RENEWABLE CAPACITY ADDITIONS TO 2040 (% OF TOTAL ADDITIONS) MENA INSTALLED CAPACITY (GW): RENEWABLES OVERTAKE OIL BY 2035… …BUT EVEN IN 2040 FOSSIL FUELS MAINTAIN A 75% MARKET SHARE *IEA 2017 WEO, NEW POLICIES SCENARIO. SOURCE: IE...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
Saudi Electricity Plans 5.4GW IPP
...l 2.80 2016 Dhuba-1* (SEC IPP) Gas/Solar 0.61 2017 Cogen x 3 (Ar...
Volume: 59Issue: 46Published at Fri, 18 Nov 2016 -
MENA Coal-Fired Power Gathers Steam As Egypt Plans Major Project
...chnology. RAK’s existing capacity is gas or diesel-fired (MEES, 8 November 2013). Next online will be a 318MW plant at Jerada in Morocco, due to be commissioned in fourth quarter 2017 by China’s Sepco III. This is one of two coal fired projects in Morocco – France’s GDF Suez is building a 1.39GW plant at...
Volume: 57Issue: 46Published at Fri, 14 Nov 2014