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Dubai Claims New Solar Pricing Record, This Time For CSP
...cording to an authoritative 2014 Baker Institute paper citing an Abu Dhabi energy official. Since then LCOEs for both CSP and PV solar capacity plunged (see charts), driven in particular by tumbling solar technology costs. However, there is some concern in the industry that developers are making di...
Volume: 60Issue: 23Published at Fri, 09 Jun 2017 -
Mena Renewables: Capacity Growing But At Half The Global Pace
... 2016 MW % MW % 2015 2014 20...
Volume: 60Issue: 18Published at Fri, 05 May 2017 -
Jordan Pushes Ahead With Oil Shale-Fired Power Plant, Lining Up More Solar
...so signed an agreement with Sacos, owned by a Saudi investor, which official news agency Petra said in March 2014 plans to deploy oil shale technology developed in Russia. Besides these potential oil extraction projects, Jordan’s energy ministry has a second power generation agreement, with Jo...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Algiers Aims For The Sun; Is Its Head In The Clouds?
...diterranean, but there has been no concrete progress. Desertec was one such scheme to bring power to Europe from the desert, but it has been considered defunct since 2012 (MEES, 3 April 2014). Although Algeria briefly flirted with the Desertec scheme, it has been reluctant to let go of its monopoly on el...
Volume: 60Issue: 17Published at Fri, 28 Apr 2017 -
Iraq Fires Up 1GW Gas-Fired Capacity But Is There Enough Gas?
...ad of 13.4GW in 2015, up from 12.3GW in 2014. One thing is clear: the inefficient burning of liquid fuel still dominates the power generation sector, despite a gradual rise in the gas share from 28% in 2013 to 36% last year (see table). The increased supply of gas to power plants comes both th...
Volume: 60Issue: 16Published at Fri, 21 Apr 2017 -
Egypt Tenders Wind Project As Three Megaprojects Begin Supplying Grid
...ck of investment, improved terms have encouraged upstream operators to invest. New upstream developments under way are expected to raise Egyptian gas production above 5mn cfd later this year for the first time since January 2014 (MEES, 31 March). However, new power projects under construction are ex...
Volume: 60Issue: 14Published at Fri, 07 Apr 2017 -
Rosatom Starts Work On New Iran Nuclear Plant, Cementing Russia’s Mena Presence
...Construction at Bushehr began just before Iran’s president visited Moscow where he signed several deals including one for Russian nuclear fuel. Russian state nuclear firm Rosatom has begun building its second reactor at Bushehr on Iran’s Gulf coast under a 2014 agreement. Both parties ap...
Volume: 60Issue: 13Published at Fri, 31 Mar 2017 -
UAE Generators Struggle To Take Their Foot Off The Gas
...ban development. In 2015 Fewa imported a total 12.587TWh of electricity from Abu Dhabi Water and Electricity Company (Adwec). Adwec says the peak import rate was 2.264GW, a 12% increase on 2014’s peak of 2.024GW. Like the other UAE electricity authorities, Fewa is also considering alternatives to ga...
Volume: 60Issue: 10Published at Fri, 10 Mar 2017 -
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 -
Coal: Dubai Starts Work On 2.4GW Plant, Part Of 21GW Mena Expansion
...these and other western-dominated multilateral institutions which now refuse to fund coal-fired power (MEES, 11 July 2014), leaving funding increasingly in the hands of Asian state lenders, above all China. Acwa and Harbin are required to secure coal supplies for Hassyan 1. Besides the power pl...
Volume: 59Issue: 50Published at Fri, 16 Dec 2016 -
Egypt Bidding: Top Players Apache, Shell Expand Western Desert Acreage
...ken blocks near or adjacent to their existing acreage in the region while Apex has used the knowledge of founder and CEO Robert Plank, who stepped down as CEO of Apache in 2014 and Thomas Maher former VP of Apache’s Egypt operations in taking the Southeast Meleiha and West Badr El Din blocks which bo...
Volume: 59Issue: 49Published at Fri, 09 Dec 2016 -
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 -
Morocco Awards Three PV Projects, As Mena Gets Serious About Solar
...solar capacity over two sites near Manah and Adam, respectively 150km and 170km southwest of Muscat. Iran plans 100MW of solar at Aran va Bidgol in Isfahan province. Bahrain built a 5MW solar pilot plant in 2014, and now plans new laws to encourage building owners to install rooftop solar. In No...
Volume: 59Issue: 47Published at Fri, 25 Nov 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
...cent years. Oil production has risen from 3.30mn b/d in 2014 to average 4.35mn b/d in January-September this year. Gross gas output has averaged 2.7bn cfd in the first eight months of 2016, up 628mn cfd from the same period last year. But output gains have not been matched by development of the ne...
Volume: 59Issue: 43Published at Fri, 28 Oct 2016 -
SEC Tackles Pricey Fuel With ‘Improved Efficiency’, Falih Firms Up Nuclear Plans
...16, but the 2015 peak of 62.26GW was 10.1% higher than the 56.55GW recorded for 2014. Before the tariffs hike, government’s Electricity and Cogeneration Regulatory Authority (Ecra) was warning that peak load could reach 75GW in 2020 if consumption continued unchecked, a massive 20% increase (MEES, 9 Se...
Volume: 59Issue: 42Published at Fri, 21 Oct 2016 -
Saudi Electricity Seeks Outside Funds For 5.4GW Capacity Hike
...nce 2007, including a $13.3bn ‘soft loan’ from the Ministry of Finance in March 2014 (see table). OUTSIDE FINANCE SEC’s most recent loan is a SR5bn (S1.33bn) sukuk arranged through local banks. This took the total raised so far this year to a record $5.1bn, which was 38% higher than the pr...
Volume: 59Issue: 40Published at Fri, 07 Oct 2016 -
Iran Starts Work On Nuclear Plants, Eyes Local Fuel Supply
...pacity, and are scheduled to be brought online in 2023 and 2025, under an agreement signed by Rosatom and AEOI in November 2014. The agreement envisages a total of four new reactors being built at Bushehr, as well as four others at an unidentified site in Iran. Construction of the Bushehr-3 reactor is sc...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016