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Libya’s Blackouts Continue, Power Needs Fail To Trump Instability
...e entire Gecol board. The incoming Gecol chief executive, Ali Muhammad Sassi, has blamed the ongoing blackouts across the country on a combination of an “unprecedented” rise in energy consumption and the fact that plans to build new power stations have been delayed since 2011. Although low te...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Egypt Advances $29bn Nuclear Plant
...0 Iran-Bushehr-1 2011 1.0 1 3.5 Under Construction 6....
Volume: 60Issue: 32Published at Fri, 11 Aug 2017 -
Saudi Approves Scaled-Back Nuclear Plans, Studies Reactors Large And Small
...shehr-1 2011 1.0 1 3.5 Rosatom built. Operation intermittent until 2013 Under Construction 6....
Volume: 60Issue: 30Published at Fri, 28 Jul 2017 -
UAE Finishes Building First Nuclear Plant, But Start-Up Delayed To 2018
...erating systems will be conducted at each stage of this process over a period of several months.” When Barakah-1 is brought online it will be the second nuclear power plant in the Mena region, following the start-up in 2011 of a 1GW plant built in Iran by Russia’s Rosatom. The Russian state firm is in...
Volume: 60Issue: 19Published at Fri, 12 May 2017 -
Algiers Aims For The Sun; Is Its Head In The Clouds?
...ogram to develop 22GW in renewables energy capacity by 2030, comprising 13.6GW of solar PV, 2GW of concentrated solar power, 5GW of wind power and 1.4GW from other sources (see table). The plans were introduced in 2011 and updated in 2015 (MEES, 3 April 2015). According to a 9 April statement by the En...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Rosatom Starts Work On New Iran Nuclear Plant, Cementing Russia’s Mena Presence
...pear motivated by more than just economics, with the Russian firm looking to expand its regional reach – and that of Russia – and Iran opting for a prestige project. The plant is located where Rosatom completed the Mena region’s first and, so far only, nuclear plant in 2011, the 1GW Bushehr-1 pl...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
Libya Plans Tobruk Power Plant, Revives Stalled Ubari Project
...2011 after the ouster of former dictator Mu’ammar al-Qadhafi. The Ubari project – another nominally gas fired plant that will initially burn oil since no current gas supply infrastructure exists – will comprise four Siemens 160MW turbine-generators. The Libya Herald newspaper says the project is...
Volume: 60Issue: 05Published at Fri, 03 Feb 2017 -
Oil-Poor Arab States Get Multilateral Finance Boost For Renewables
...ectricity from renewables. EBRD and IFC began investing in energy projects in Egypt, Jordan, Morocco and Tunisia as part of the IMF’s ‘Arab Countries in Transition Program’ which followed the 2011 ‘Arab Spring.’ This targeted these four countries plus Yemen and Libya (MEES, 24 October 2014). At the re...
Volume: 59Issue: 48Published at Fri, 02 Dec 2016 -
Oman Power: Foot Off The Gas Despite Khazzan Progress
...readbare international project pipeline. When asked on the firm’s 1 November Q3 earnings call “Given the [cost] deflation you have seen, is it time to step up the FIDs [final investment decisions]?” CFO Brian Gilvary says “we rebuilt the company over 2011 to 2014 [with a massive sell-off of assets to fund ‘De...
Volume: 59Issue: 45Published at Fri, 11 Nov 2016 -
Iraq’s Tentative Gas Gains Insufficient To Stem Oil Burn Growth
...cessary infrastructure to process the gas, resulting in sky high flaring levels. The percentage flared has increased from 51.1% in 2009 to 69.4% last year. However, the situation is improving, with flaring falling to 63.5% so far this year, on course for the lowest level since 2011 – although the volume fl...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
Iran Starts Work On Nuclear Plants, Eyes Local Fuel Supply
...heduled to begin in two years time. Rosatom’s Atomstroyexport subsidiary will build the two plants on a turnkey basis. The company built the Bushehr-1 plant, which was connected to the grid in September 2011 and reached full capacity in August 2012. PROBLEM PROJECT Bushehr-1 is the Mena re...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
Israel Switching To Gas From Coal As Tamar Ramps Up
...ek suggested that Zohr might be in line for a reserves upgrade (see p5). Noble, Delek and, since last year, BG hold the right to Cyprus’ only gas discovery to date, 5 tcf Aphrodite discovered in 2011 close to the Israeli maritime border. Subsequent exploration by Total and Eni on nearby blocks (in...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Saudi Electricity Taps China For $1.5bn, Takes Expansion Funding To $33bn
...shore up its finances is also growing, and quickly. SEC’s outstanding government loans increased by 112% from SR18.15bn ($5.03bn) in 2011 to SR39.99bn ($10.66bn) in 2015. SEC is owned 74% by the Saudi government, 7% by state petroleum firm Saudi Aramco, and 19% by private investors. Given the gr...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Egypt’s $25bn Russian Nuclear Loan Raises Questions Of Economics And Transparency
...shehr-1 1 1 3.5 Start-up 2011, operation intermittent until 2013 Bushehr-2,3 2 2 11 Rosatom to build for start-up 2023, 2025 UAE Barakah 5.6 4 20 Under construction by Kepco. All du...
Volume: 59Issue: 21Published at Fri, 27 May 2016 -
Algeria’s Sonelgaz Eyes Foreign Loans To Bridge $10bn Funding Gap
...15. Former energy minister Youcef Yousfi announced a plan in 2011 calling for 22GW of renewables capacity by 2030. This included 13.6GW of solar photovoltaic capacity, 5GW of wind capacity and 2GW of concentrated solar power. A first phase of 6GW by 2024 was priced at AD1.31trillion ($12.21bn – ME...
Volume: 59Issue: 08Published at Fri, 26 Feb 2016 -
Dubai Plans $27bn Green Power Fund, But Considering Expanded Coal Program
...bsidized. The UAE has recently hiked the costs of transport fuels, by linking gasoline and diesel prices to international prices (see p13). However, DEWA has operated a fuel surcharge for electricity and water customers since January 2011, which is adjusted on a monthly basis. DEWA charges consumers a mi...
Volume: 59Issue: 05Published at Fri, 05 Feb 2016 -
Egypt Inaugurates 200mw Gebel El Zeit Wind Farm
...vestment Bank provided a further €50mn and the European Commission €30mn. The project was slowed by the 2011 ‘Arab Spring’ uprising and subsequent political turbulence, a Ministry of Electricity and Energy official told reporters. Project go-ahead was given in late 2008 and the financing deal was co...
Volume: 58Issue: 49Published at Fri, 04 Dec 2015 -
Jordan’s Power Strain
...alth and education). But deficits by the National Electric Power Company (Nepco), which are considered sovereign debt and have helped push Jordan’s debt-to-GDP ratio back up to 80%, are off-budget. Nepco has been a major burden for the treasury since 2011, when “Arab Spring” instability brought an...
Volume: 58Issue: 44Published at Fri, 30 Oct 2015 -
Minister Outlines Iraq’s Power Sector Woes As IMF Warns On Rising Subsidies
...ys there has been a shift in the structure of Iraq’s electricity consumption in recent years. In particular, the share of government and public sector consumption has risen to 32% in 2014 from 23% in 2011. Meanwhile, industry’s share of consumption has fallen to 17% in 2014 from 25% in 2011. Ho...
Volume: 58Issue: 36Published at Fri, 04 Sep 2015 -
Saudi Generator Hikes Capacity By 6%, Fuel Flexibility The Key
...C’s share of total Saudi installed capacity fell from a peak of 82% in 2011 to 74% for 2014. The company says that its actual volume of generated electricity exceed the company’s planned volume for 2014 by 9.1%. However, the company improved the average thermal efficiency of its plants by 1% co...
Volume: 58Issue: 23Published at Fri, 05 Jun 2015