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Algeria’s Power Output Falls For First Time On Record In 2020
...are of renewables in the energy mix. Here, policymakers have talked a good game but grossly underdelivered. In 2011 Algeria announced plans to install 22GW of renewables by 2030. Fast forward nearly a decade and the country only has 448MW of solar PV (mostly off-grid), 10MW of wind and 228MW of hydro ac...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...nance is rising, more than doubling from just over $5bn in 2011 to over $11bn at the end of 2016 (see charts). As a well-capitalized state firm from a country with a high investment-grade credit rating, SEC’s debt continues to have no shortage of takers. Speaking of the latest loan, SEC chief ex...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Jordan Pushes Shale And Wind In Quest For Diversity
...barak overthrow of 2011, as the country has been massively reliant on expensive oil imports to fuel its rapidly-growing power demand ever since (see graphs). The Energy Ministry is studying an electricity tariff proposal from Attarat Power (Apco), a joint venture of Estonia’s Enefit, Malaysia’s YTL Po...
Volume: 57Issue: 03Published at Fri, 17 Jan 2014 -
SEC Profits Up 20% In 2012
... SAUDI ARABIA SEC Profits Up 20% In 2012 Saudi Electricity Company (SEC) announced on 20 January that it made a profit of SR2.563bn ($683mn) in 2012, compared with SR2.123bn ($566mn) in 2011. Dividends for the year were SR0.62 ($0.17) per share in 2012 compared wi...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SEC Lines Up ACWA-Led Consortium For Rabigh-2 IPP
...pointed in June 2011. The consortium submitted the lowest bid of 7.416 hals/kwh of electricity, with a plant capacity of 1.96gw. Qurayyah was initially intended to be a heavy oil plant, but SEC opted instead for a gas-fired unit. The project is slated for start-up in mid-2014 and is expected to cost $1....
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
Turkey’s EÜAŞ And TAQA Sign Powergen/Mining Deal
...mmissioning the new unit by 2015. TAQA has non-coal power plants in the UAE (Abu Dhabi and Fujairah), Oman, Saudi Arabia, the Kurdistan region of Iraq, the US and Ghana. Its total global power generation capacity in 2011 was 15.413gw. The TAQA spokesperson said that, besides the Turkey project and th...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
AES Jordan Awards Tri-Fuel Plant Contract To Wärtsilä
...avy fuel oil (HFO), distillates or natural gas as fuel. It is scheduled to be operational by July 2014. Jordan’s gas supply from Egypt has been erratic since the overthrow of the Mubarak regime in early 2011, forcing it to keep its options open as it pushes to expand generating capacity. Wä...
Volume: 56Issue: 02Published at Fri, 11 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...velopments in the area of Sirri Island. The most conspicuous of Iran’s power projects has been the 1.0gw Bushehr nuclear plant – the region’s first, beginning operation in September 2011. It reached full capacity a year later (MEES, 7 September 2012). The plant was shut down in October 2012 af...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
Saudi Arabia Tackles Water Demand Jump
...d Riyadh. Three plants at Yanbu’, Ras al-Khair and Jubail will add 1.7mn cmd – state-owned Saline Water Conversion Corporation (SWCC), which produces most of the country’s desalinated water, currently produces 3.5mn cmd. In 2011 the SWCC governor said Saudi Arabia plans to invest $106bn in building ne...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013