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SEC In Talks With ACWA After Rabigh-2 Fuel Switch
...ter the project’s economics. It could also threaten the schedule – SEC had brought forward the completion date to 2016, but when it chose the ACWA-led consortium as first-ranked bidder, the planned completion date was put back to 2017 (MEES, 18 January). SEC awarded the 1.8gw capacity Ra...
Volume: 56Issue: 24Published at Fri, 14 Jun 2013 -
UAE Starts Second Barakah Plant As MENA Nuclear Pursuit Accelerates
...stalled the base section of the containment liner for the reactor at Barakah-1. Further liner sections will be fabricated and installed this year. ENEC said Kepco is on track to start up Barakah-1 in 2017 (MEES, 29 March). Iran’s DIY Approach While UAE’s nuclear development gathers momentum, Ir...
Volume: 56Issue: 22Published at Fri, 31 May 2013 -
Oman Plans For Power Demand Growth
...e or more new plants in 2017-18 with aggregate capacity of 2.25-3gw. “The capacity requirement,” says OPWP, “will depend partly on the strategy adopted for expiring contracts.” In Salalah, the 276mw Raysut plant is scheduled for privatization in 2014 and the 300-400mw Salalah 2 independent power pr...
Volume: 56Issue: 21Published at Fri, 24 May 2013 -
Jordan Testing Interest In Waste-To-Energy Projects
...ES, 11 January). Six companies have recently submitted bids to build a 500mw oil shale power plant, with construction to begin in 2014 for start-up by 2017. The Kuwait Fund for Arab Economic Development (KFAED) is providing $150mn funding for a 65mw wind farm in Ma’an governorate (MEES, 10 May), wh...
Volume: 56Issue: 20Published at Fri, 17 May 2013 -
Oman Reviewing Electricity Policy, Targeting Efficiency
...expected to see tenders for a total 2.0-2.5gw of IPP capacity being launched by next year, with a view to start-up in 2017-18. ...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
Turkey Awards $22Bn Contract For Sinop Nuclear Plants
...it due to begin operating in 2010. Rosatom is expected to begin construction work for Akkuyu-1 in mid-2015, while civil works on Sinop-1 are slated to start in 2017 (MEES, 26 April). The Sinop contract was signed in Ankara by Turkish Prime Minister Recep Tayyip Erdogan and his Ja...
Volume: 56Issue: 19Published at Fri, 10 May 2013 -
SEC Awards PP13/14 Management Contract To WorleyParsons
...cle gas turbine (CCGT) power plants. The plants will each have 1.65gw generating capacity. Engineering, procurement and construction (EPC) contracts for PP13 and PP14 are expected to be tendered in 2014, with a view to start-up in 2017. WorleyParsons said the EPCM scope of work in...
Volume: 56Issue: 18Published at Fri, 03 May 2013 -
Egypt Rejoins MENA Nuclear Pursuit, Iran Plans Two New Bushehr Plants
...ild four nuclear power plants worth $22bn at Sinop on the Black Sea coast, according to Japan’s Nikkei business daily. Work on the first of the plants is slated for 2017 with a view to 2023 start-up. Russia’s Rosatom is expected to start construction in mid-2015 of the first of four plants at...
Volume: 56Issue: 17Published at Fri, 26 Apr 2013 -
SEC To Sign Rabigh-2 Power Plant Deal, Concludes $2Bn Sukuk
...e BOO project company equity and SEC will own 50%. The plant is expected to cost $2.5bn and will run on heavy fuel oil provided by SEC. Project completion was initially slated for 2017, but SEC has recently issued a revised IPP program that brings the planned completion date for Rabigh-2 forward to 20...
Volume: 56Issue: 14Published at Fri, 05 Apr 2013 -
UAE Makes Progress On Nuclear Plant, Iran’s Bushehr Off-Line
...e being manufactured off-site. The floor and first two levels of the liner have been installed and welded together on site over the past two months. The remaining liner sections will be fabricated and installed over the next 10 months. ENEC said Kepco is on track to start up the Barakah-1 plant in 2017...
Volume: 56Issue: 13Published at Fri, 29 Mar 2013 -
Jiddah South Contract Awarded To Mitsubishi
...14 1,760 2014 2017 Al-Raies-1 1,800 2014 2017 Isolated Areas 60 2014 20...
Volume: 56Issue: 08Published at Fri, 22 Feb 2013 -
SEC Revises IPP Program To Add Second Dhuba Plant, Adjust Timings
...r a 1.81gw plant with a completion schedule of 2017, rather than 2016 as shown in the revised program. SEC said at the time that it would begin negotiations with the ACWA led group for a build-own-operate (BOO) development with a view to reaching financial close by the end of March 2013. IP...
Volume: 56Issue: 06Published at Fri, 08 Feb 2013 -
Omani Gas, Power Sector At The Crossroads
...e project will set a new price range the government is prepared to pay gas producers to attract upstream investment. It is due to start up in the first half of 2017 – further slippage on a project that was originally scheduled to produce 1bn cfd in 2014. Under the January 2007 deal, BP agreed to la...
Volume: 56Issue: 05Published at Fri, 01 Feb 2013 -
SEC Profits Up 20% In 2012
...ne in 2015. SEC is also working with partners on four independent power producer (IPP) projects: 1.2gw Rabigh-1 and 1.729gw Riyadh PP11 are due on line in 2013; 4.0gw Qurayyah is scheduled for 2014; and 1.81gw Rabigh-2 is slated for completion in 2017 (MEES, 18 January). SEC’s fifth planned IPP will be...
Volume: 56Issue: 04Published at Fri, 25 Jan 2013 -
SEC Lines Up ACWA-Led Consortium For Rabigh-2 IPP
...day to 120gw by 2020 through a range of initiatives (MEES, 4 January). SEC will now begin negotiations with the ACWA-led group for a build-own-operate (BOO) development, with a view to reaching financial close by the end of March 2013. Project completion is slated for 2017. The consortium will own 50% of...
Volume: 56Issue: 03Published at Fri, 18 Jan 2013 -
MENA Power Generators Pushed Diversity In 2012
...E’s sourcing of fuel and technology from a number of countries with uranium resources and nuclear technology (MEES, 21 December 2012). Delivery of fuel will begin in 2014-15 for the first of four 1.4gw to be built at Barakah by Korea Electric Power Corporation (Kepco) and due on-line during 2017-20. La...
Volume: 56Issue: 01Published at Fri, 04 Jan 2013 -
UAE Signs Nuclear Deal With Russia
...pco) a $20bn contract in 2009 to build four 1.4gw nuclear plants at Barakah during 2017-20. Recently Kepco discovered that fake safety certificates had been issued for equipment installed throughout South Korea’s 23 existing nuclear plants, but has reassured the UAE that this will not affect its own pr...
Volume: 55Issue: 52Published at Fri, 21 Dec 2012 -
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 -
Iran Nuclear Plant Shut Down, UAE Gauges Impact Of Korea Safety Scam
...rean nuclear plants. Korea Electric Power Corporation (Kepco) won a $20bn contract in 2009 to build four 1.4gw nuclear plants at Barakah during 2017-20. However, Kepco discovered that fake safety certificates had been issued for equipment installed throughout South Korea’s 23 existing nuclear pl...
Volume: 55Issue: 48Published at Fri, 23 Nov 2012 -
Iraq Wakes Up From Power Shortage Nightmare
...the Kurdistan Regional Government (KRG) into a 1,500mw Combined Cycle power station by 2015. Even after the mega-deal purchases, Iraq plans to spend around $4.5bn/year, or some $27bn, up to 2017, on its electricity sector (see table). This 2012-17 spend will break down as follows: $14bn fo...
Volume: 55Issue: 44Published at Fri, 26 Oct 2012