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Saudi Government Approves Power Sector Shakeup
...14.9bn ($3.97bn) over the first nine months of 2021 versus a loss of $296mn for the same period of 2020. PRINCIPLE BUYER The SPPC was named as the ‘principal buyer’ of electricity from independent power producer (IPP) projects by the government in 2017. It describes its key responsibilities as...
Volume: 64Issue: 49Published at Fri, 10 Dec 2021 -
Kuwait Slashes Crude Burn As Weather Cools
...tal electricity generation of 6.6TWh was the lowest October figure since 2017. The biggest relief for Kuwait was arguably that it was able to significantly curb the amount of crude oil burned, which fell to a six-month low of 55,000 b/d for October (see chart 2). However, despite being down from mo...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Mena Renewables Programs Boosted By Multilateral Financing
...ojects in Egypt, Morocco, Jordan and Tunisia, while in 2018 it provided loans to Lebanon for the first time. Peak Mena funding was $2.27bn in 2017, while total funding amounted to $10.40bn in 2012-18, including $2.74bn in energy (see charts). In 2018 EBRD invested €1.99bn ($2.24bn) in its five Mena in...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...e reason for the increased availability of gas for power generation has been reduced flaring. Although Iraq flared more than 60% of its gas in 2016, improved gas recovery – mainly by Basra Gas Company, which recovered 574mn cfd in 2016 and aims to reach 723mn cfd in 2017 and 1bn cfd in 2018 – en...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Egypt Sparks Up First Megaproject But Scales Back Expansion Plans
...mbined cycle gas turbine (CCGT) plant being built by Egypt’s Elsewedy 115km south of Cairo at Beni Suef. The plant’s generating units will be connected to the grid over the period 2017-20. The Beni Suef plant will comprise eight 600MW generating units, each made up of a 400MW gas turbine/generator an...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
Egypt Inaugurates 200mw Gebel El Zeit Wind Farm
...ncluded in December 2010. Completion of the farm raises Egypt’s claimed wind capacity to 950MW. NREA has awarded a €220mn turnkey contract for another Gebel El Zeit wind farm, a 220MW project to be built by Spain’s Gamesa for start-up in the second half of 2017 (MEES, 24 April). Egyptian Electricity Tr...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Dubai Expands Solar Plans But Keeps Faith In Coal
...rrent 9.66 Planned Additions: Solar Park 2 (2017) Solar 0.2 Jebel Ali M Expansion (2018) Gas 0....
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Turkey Advances First Nuclear Plant, Eyes New 4.4GW Project
...actor in 2017. Japan’s Mitsubishi Heavy Industries (MHI) and Itochu Corporation and France’s GDF Suez and Areva were awarded a contract last year to build four 1.1GW nuclear plants at Sinop, with the first scheduled for start-up in 2023 (MEES, 10 May 2013). Long-Term Needs Turkey’s 9.2GW of ap...
Volume: 57Issue: 49Published at Fri, 05 Dec 2014 -
SEC Awards Revised Rabigh-2 IPP Project
...nounced on 2 December that it had become the engineering, procurement and construction (EPC) contractor for Rabigh-2. The company valued the EPC contract at $1.2bn and said the 2.1GW combined-cycle gas turbine (CCGT) plant is expected to begin commercial operations in 2017. IPP Progress SEC’s IPP pr...
Volume: 56Issue: 49Published at Fri, 06 Dec 2013 -
Algeria Awards Ain Arnat Contract To Korean Firms
...mand growth of 12.3% a year between now and 2017. Sonelgaz noted that demand on the grid outstripped supply in August, with record demand of 10.06gw exceeding the 2011 peak by more than 14% (MEES, 27 August). Sonelgaz was forced to undertake load-shedding over the summer, particularly in the southeast, be...
Volume: 55Issue: 49Published at Fri, 30 Nov 2012