- Sort by:
- Score
- Published ▼
-
Algeria Launches 1GW Solar PV Tender
...hers, these projects are massively delayed. The contractor for Naama, Korea’s Samsung C&T is also working on the 1.45GW Mostaganem CCGT which has now been further pushed back to 2025. When the plant was awarded in 2014 the target for completion was 2017. Spanish contractor Duro Felguera’s 1.26GW Dj...
Volume: 65Issue: 01Published at Fri, 07 Jan 2022 -
Jordan Nears 20% Renewables Generation, Oil Shale In Limbo
...e start of imports from Israel’s giant Leviathan field under a 15-year, 45bcm supply deal signed in 2014 (MEES, 5 September 2014). The US-backed deal faced significant opposition on the Jordanian street, but its prompt 1 January startup last year saw Israel emerge as the biggest supplier to Jo...
Volume: 64Issue: 04Published at Fri, 29 Jan 2021 -
Saudi Electricity Borrows $2.6bn To Fund Capital Projects As Debts Soar
...test loan is the firm’s largest from the international finance sector, it is dwarfed by a $13.2bn government ‘soft loan’ provided in 2014 (see table). The firm’s total stock of finance market lending is now almost double that sourced from the government. Nevertheless, money owed to the Ministry of Fi...
Volume: 61Issue: 04Published at Fri, 26 Jan 2018 -
Israel-Jordan Spat Threatens Already Precarious Cooperation
...ivately-owned Arab Potash plant at the southern end of the Dead Sea has been taking gas from Israel’s Tamar field (also operated by Noble) since Q1 2017 under a 1.9bcm, 15-year deal inked in 2014. On an economic level the Leviathan deal looks to be a boon for Israel and Jordan alike. Israel has st...
Volume: 61Issue: 03Published at Fri, 19 Jan 2018 -
Saudi Shortlists Two In Solar Tender – But Not The Cheapest
...ant, which was inaugurated in 2014 after being built as a pilot project by state petroleum firm Bapco to supply some electricity to its Awali refinery. Iran is the largest renewables operator in the region, with 11.64GW of end-2016 capacity. However, 11.49GW (99%) of this is hydropower. Iran’s en...
Volume: 61Issue: 02Published at Fri, 12 Jan 2018 -
Saudi Ups Power Profits Ahead Of Planned Sell-Off
...s not clear how SEC would fare, given that average customer payments were lower than generating costs. The results for 2016, however, suggest that the company’s finances are now better balanced. SEC’s 57.3% fall in net profits from 2014 to 2015 underlines another problem facing the company, be...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
GE $1.4b Iraq Power Deal
...tual generating capacity. However, the ministry says that Iraqi electricity supply reached a peak of 13.4GW in 2015, up from 12.3GW in 2014. ...
Volume: 60Issue: 04Published at Fri, 27 Jan 2017 -
Jordan Keeps Up Renewables Momentum With Solar Award & New Tender
...eld, but these were dashed when UK major BP withdrew from the project after spending $240mn on exploration. BP said further development of Risha was unfeasible due to “very poor reservoir quality” (MEES, 24 January 2014). PROJECT FINANCE Acwa will finance, build, own and operate the Risha PV pl...
Volume: 60Issue: 03Published at Fri, 20 Jan 2017 -
Can Climate Change Catalyze Middle East Economic Reform?
...otovoltaic (PV) and wind technologies have become a greater incentive for investors. According to IRENA, onshore wind costs have been declining over the past years, with the best projects delivering electricity at $0.05cents/kWh without financial support. The price of solar PV modules fell by around 75% in 2014...
Volume: 59Issue: 04Published at Fri, 29 Jan 2016 -
Saudi Generator Secures $2bn Credit As Part Of Broader Saudi Funding Drive
...generation Regulatory Authority (ECRA) says that SEC collected an average SR0.138/kWh ($0.04/kWh) from consumers in 2014, more than 10% below the average generating cost of SR0.154kWh. ECRA says SEC’s finances are boosted by “soft loans” from government. In 2015 SEC secured $3bn from Korea’s Kexim to help fu...
Volume: 59Issue: 03Published at Fri, 22 Jan 2016 -
Jordan Steps Up Power Diversity Efforts, Eyes More LNG Imports
...2014 to receive gas from Israel’s Leviathan field, but Jordan has since said the agreement no longer holds (MEES, 18 December 2015). Though Egypt’s recent discovery of the giant Zohr gas field has reopened the possibility of future gas exports, a resumption of shipments through the Arab Gas Pi...
Volume: 59Issue: 02Published at Fri, 15 Jan 2016 -
Saudi Fuel Price Hikes Hit Generators But Make Gas Exploration More Economic
...om consumers in 2014, more than 10% below the average generating cost of SR0.154/kWh. The impact of heavily subsidized electricity on SEC’s earnings has led government to provide what ECRA describes as “soft loans and government grants” to help balance its books. However, SEC’s growing need to ad...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Oman Budget Reforms May Ease Pressure On Gas-Fired Power Plans
...neration plans coordinated by state utility OPWP add to the burden, taking powergen gas demand from 7.1bcm in 2014 to 9.5 bcm in 2021. GAS PRESSURE Competition for gas from power generation, industry and enhanced oil recovery means that Oman’s LNG exports are in decline, falling 11% in 2014 and yet fu...
Volume: 59Issue: 01Published at Fri, 08 Jan 2016 -
Dubai Picks ACWA For Solar Expansion, Plans 200MW
...October 2013). The ACWA-led consortium was one of 10 selected by DEWA to bid for the project (MEES, 28 November 2014). Mr Tayir says the selection of ACWA and TSK was based on their “lowest recorded bid received for a solar PV IPP project” – 200MW capacity with a levelized cost of energy of $0....
Volume: 58Issue: 05Published at Fri, 30 Jan 2015 -
Egypt Plans 20GW Of Extra Coal Plants, 4.3GW Renewables
...nerating capacity reached 31.45GW at the end of 2014, according to MEES estimates. This includes 14.46GW of steam turbine capacity, configured to burn either oil or gas, as well as 13.51GW of gas-fired (combined cycle plus open cycle gas turbines) and a total 3.49GW of hydro and renewables. Mr Shakir sa...
Volume: 58Issue: 04Published at Fri, 23 Jan 2015 -
Morocco In 350MW Solar Awards As Part Of Diversity Plan
...rder with Algeria. The award of Noor 2 and Noor 3 follow the conclusion of financing agreements with international lenders in December. The World Bank is providing $519mn (MEES, 3 October 2014) and the African Development Bank a further €176mn (MEES, 19 December 2014). Morocco is pushing solar an...
Volume: 58Issue: 03Published at Fri, 16 Jan 2015 -
Saudi Arabia In 550MW Turbines Award; 2014’s 8.2GW Start-Ups Hike Output
...SAUDI ARABIA Saudi Arabia In 550MW Turbines Award; 2014’s 8.2GW Start-Ups Hike Output Gas output delays mean oil burning is likely to stay high. Saudi Electricity Company (SEC) has selected turbines from US giant General Electric (GE) for the Dhuba-1 power plant, which will be the ki...
Volume: 58Issue: 02Published at Fri, 09 Jan 2015 -
MENA Power Survey: Generators Seek Fuel Diversity; Capacity Up 3.4% To 370GW
...REGIONAL MENA Power Survey: Generators Seek Fuel Diversity; Capacity Up 3.4% To 370GW Regional electricity generators raised total capacity by 3.84% to 372.1GW in 2014. GCC countries led the expansion through an increase of almost 4.5% over 2013, equivalent to 5.45GW of new capacity (se...
Volume: 58Issue: 01Published at Fri, 02 Jan 2015 -
Dubai’s Dewa Adding 400mw
...d 140mn gal/day (636,000 cmd) of water. The station’s current 2.06GW capacity comes from 6x234MW gas turbines and 3x218MW steam units. M Station, completed last year, is the largest power and desalination plant in the UAE (MEES, 12 April 2013). DEWA’s total 2014 budget is Dh20.56bn (5.55bn), of...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014 -
Turkey Power Projects Pipeline Seeks To Maintain Fuel Balance
...gned an MOU for a 10-year program that would start with a 1.44GW plant (MEES, 11 January 2013). TAQA subsequently deferred its investment decision to 2014 because of the political schism that emerged between the two countries after the military coup that deposed President Mursi in Egypt (MEES, 13 Se...
Volume: 57Issue: 05Published at Fri, 31 Jan 2014