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Saudi Signs Nuclear Deal With Russia But Continues To Play The Field
...0 1 5.5 Rosatom building. Work started Mar 2017 Planned 10...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Renewables: Mena Retarded By Low Power Prices Amid Global Progress-IEA
...ergy Agency (IEA). The agency’s Renewables 2017 forecast, published this week, says solar capacity worldwide rose by 50% last year, to 74GW, of which almost a half was in China. “China has been the leader in manufacturing solar PV equipment for some time,” says IEA renewables head Paolo Frankl, “bu...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Saudi Solar Tender: Masdar Offers Lowest Ever Power Price
...built 120km east of Abu Dhabi city at Sweihan (MEES, 7 July). There will be great interest across the renewables sector in how such low bids were achieved for Sakaka. Certainly solar panel costs have fallen sharply. The IEA’s Renewables 2017 forecast, issued this week says that in 2016 solar PV...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Qatar Plans First Significant Solar Capacity
...y plank of this had been a January 2017 deal with Abu Dhabi state firm Masdar, a firm with much more renewables experience, to jointly develop “commercially viable renewable energy projects in the UAE, Qatar, and international markets.” QEWC’s overseas investment affiliate Nebras Power and state in...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Dubai Breaks Solar Capacity, Power Pricing Records With CSP Project
...70 Current Capacity 28.83 Projects Awarded: 13.57 Adwea (2017) Al-Mirfa CCGT (Ga...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Algeria Plots Unlikely Power Capacity Boost Whilst Rejecting Foreign Funding
...pacity delays (see p13). The first was awarded under a $1.06bn contract (MEES, 30 November 2012), while six more were awarded together under contracts valued at $4.05bn (MEES, 7 March 2014). The Ain Arnat plant was scheduled to reach full capacity in 2016 and the other six were expected to follow in 2017...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Iraq Sparking Up Gas-Fired Capacity, Despite Fuel Supply Constraints
...gh and pipeline imports from Iran have begun. Yet the amount of new generating capacity due online means that gas supplies will remain overstretched for the foreseeable future. Iraq’s peak power load was 14.35GW in 2016; in 2017 it is expected to be 7.7% higher at 15.45GW, according to the fe...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Saudi Invites Proposals For 400MW Wind Power Project
...st year. Progress in wind has been even slower. In early 2017 state petroleum firm Saudi Aramco and US conglomerate General Electric (GE) started up a single 2.75MW wind turbine at the Turaif products storage terminal in the northwest of the kingdom. The turbine was planned as a pilot for a 50MW wi...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017 -
Saudi Electricity Taps $1.75bn Loan For Capacity Expansion
...ternational finance market in 2017. Last year saw the company raise $5.1bn in three deals, an annual record if the 2014 finance ministry loan is excluded (see chart). SEC says the latest agreement is for a five-year ‘bullet’ repayment loan. Bullet loans require the entirety of the loan amount to be repaid at ma...
Volume: 60Issue: 34Published at Fri, 25 Aug 2017 -
Gulf Crude Burn Falling In 2017, But By Less Than The Rise In Fuel Oil Use
...ntinuing to rise, they have a long way to go to achieve this. Saudi Arabia burnt 424,000 b/d of crude in its power plants in the first half of 2017, down 50,000 b/d on the same period a year earlier, though the June figure of 680,000 b/d was just 24,000 b/d below year-ago levels, cutting into the crude av...
Volume: 60Issue: 33Published at Fri, 18 Aug 2017 -
Benban Solar Plan: Egypt PV Gets $635mn World Bank Cash
...e not finalized. The EBRD was hoping to “start construction before the end of 2017” on the 16 projects it is financing. The IFC expects the projects it will support to sign power purchase agreements in the third quarter of 2017. A number of the larger projects aim to begin construction in the fourth qu...
Volume: 60Issue: 31Published at Fri, 04 Aug 2017 -
Saudi Approves Scaled-Back Nuclear Plans, Studies Reactors Large And Small
...tchdog IAEA setting out 13 priorities for Riyadh during 2017-21. The IAEA says the agreement provides a medium term reference for both parties’ planning. The priorities listed in the agreement include: nuclear energy planning and implementation; regulatory infrastructure; a research reactor; nuclear se...
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
Saudi Wind Deja-Vu As New 400MW Project Tendered
...mat Al Jandal closes on 10 August 2017.” After this, qualified companies will proceed to the request for proposals (RFP) stage, as managing participants or technical participants or both, based on their “experience in delivering IPP projects of this scale.” Repdo says bidders qualifying for the Du...
Volume: 60Issue: 29Published at Fri, 21 Jul 2017 -
Egypt: Has Gas Boost Made Blackouts History?
...st-tracked to “accelerate gas production commitments to Egypt…before peak demand in summer 2017” (MEES, 12 May). With Eni’s 24 tcf Zohr field set to ramp up to 1.2bn cfd from November, Egypt has become increasingly confident of gas availability (MEES, 7 July). According to state gas firm Eg...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Oman Cuts Power Payout
...Oman’s power regulator says spending on subsidies will fall by 10.6% to OR456mn ($1.186bn) in 2017. The regulator says this is thanks to a rise in revenue from electricity consumers following the introduction of cost-reflective tariffs for large industrial, commercial and government co...
Volume: 60Issue: 28Published at Fri, 14 Jul 2017 -
Egypt Awards 650MW Dual Fuel Power Plant, Suggesting Gas Supply Worries
...cent years caused gas output to bottom out at 3.89bn cfd in early 2016. Egypt has since improved terms for gas producers and new fields have been started up, bringing output to 5.22bn cfd in May, the highest since October 2013 (see p4). Egypt’s gas demand will be around 6bn cfd for 2017 rising to 7b...
Volume: 60Issue: 27Published at Fri, 07 Jul 2017 -
Oman Postpones Misfah With Slowing Demand Growth
...ectricity, from over 240m3/MWh in 2016 to below 190m3/MWh for 2020 and beyond (see chart). Gas consumption in power plants fell for the first time in three years in 2016 to 7.99 bcm (770mn cfd). In the first five months of 2017 it has remained flat year-on-year at 710mn cfd). While OPWP says that its el...
Volume: 60Issue: 26Published at Fri, 30 Jun 2017 -
Saudi Grid Has 74.3GW Generating Capacity Available, Says SEC
...so been working on improving the operating efficiency of its power plants. Average thermal efficiency in SEC power plants was 35.6% in Q1 2017, the company says, compared with 34.5% in the same quarter of 2016. The utility claims that efficiency improvements in its oil-fired power plants saved th...
Volume: 60Issue: 25Published at Fri, 23 Jun 2017 -
EBRD Kick-Starts Egypt Solar With $500mn Investment In 16 PV Projects
...nstruction before the end of 2017.” SOLAR STORM The Abu Dhabi-based International Renewable Energy Agency (Irena) pegs Egypt’s total end-2016 renewables capacity at 3.66GW. However almost 3GW of this is hydropower – primarily Nasser’s flagship 1960s Aswan High Dam megaproject – some 750MW is wind, wi...
Volume: 60Issue: 24Published at Fri, 16 Jun 2017 -
Dubai Claims New Solar Pricing Record, This Time For CSP
...fferent assumptions in calculating LCOEs, which can skew cost estimates. A March 2017 study by Amro Elshurafa, senior research associate at Saudi Arabia’s King Abdullah Petroleum Studies and Research Center (Kapsarc), says that when Dewa announced in early 2015 that it would buy electricity from Saudi fi...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017