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UAE Solar Program Expands
...ese increased to more than 2GW in 2014 at peak demand times. The growing gap between Fewa supply capacity and local demand led the authority to sign a deal with Germany’s Siemens for a 2.2GW gas-fired plant to be developed by local firms under an independent power producer (IPP) scheme (MEES, 15 Ap...
Volume: 59Issue: 37Published at Fri, 16 Sep 2016 -
SEC Set For Split By Year-End
...ailable to SEC for supplying customers via the grid. Ecra says that peak load in 2015 was 62.26GW, which was 10.1% higher than the 56.55GW for 2014. Last year Ecra estimated that Saudi Arabia’s peak power load could reach 75GW in 2020 (MEES, 2 September). So far Saudi generators plan to add almost 28...
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Egypt OKs Foreign Arbitration For Renewables, Cuts Solar Tariffs
...ectricity regulatory agency was quoted by Al Borsa as saying that the original tariffs were decided on the basis of a feasibility study carried out in September 2014. He attributed the lowered solar PV tariffs to a subsequent reduction in development costs for solar capacity....
Volume: 59Issue: 36Published at Fri, 09 Sep 2016 -
Egypt Hikes Electricity Prices To Cut Subsidies Bill, As IMF Agrees $12Bn Loan
...stated in the government plan approved by the parliament.” As Egypt looks to raise revenues and rationalize spending, he said the budget for 2016-17 “will adopt the VAT law after approval by the parliament, and will continue the program begun in 2014 to rationalize energy subsidies.” Go...
Volume: 59Issue: 32Published at Fri, 12 Aug 2016 -
Algeria Brings Combined Capacity To 17.68GW Despite $10bn Funding Deficit
...dustry. State petroleum firm Sonatrach has seen its five-year investment budget cut to $73bn for 2016-20, from $90bn for 2015-19 and $100bn for 2014-18. And it is not only cashflow that may be a problem for Sonelgaz beyond 2018. At the end of 2015, Algeria’s 17.24GW of generating capacity comprised ro...
Volume: 59Issue: 31Published at Fri, 05 Aug 2016 -
UAE Completes Nuclear Reactor Vessel
...ec says that overall construction of the four plants is more than 65% complete. Reactor vessels for the Barakah-1 and Barakah-2 reactor were completed in 2014 and 2015, respectively. Enec recently completed structural integrity and leak rate tests on the Barakah-1 reactor containment building. Al...
Volume: 59Issue: 30Published at Fri, 29 Jul 2016 -
Oman To Add 4.8GW To Grid By 2022 As Electricity Demand Forecast To Rise 74%
...ports – although trading is possible by 2022. OPWP joined the GCCIA in December 2014 and envisages “tangible benefits to Oman both for planning and operations.” The company hopes to pilot electricity trading with other GCC states this year and to begin spot market trading in the MIS system in 20...
Volume: 59Issue: 29Published at Fri, 22 Jul 2016 -
Israel Switching To Gas From Coal As Tamar Ramps Up
...sit by anyone holding his office for almost a decade. Although discussions centered mainly on the Israeli-Palestinian issue, the visit signals Egypt’s improving relations with Israel. Whether that will be enough to greenlight two Letters of Intent (LOI) signed in 2014 between the partners of the Ta...
Volume: 59Issue: 28Published at Fri, 15 Jul 2016 -
Saudi Electricity Taps China For $1.5bn, Takes Expansion Funding To $33bn
...nistry of Finance in 2014 in addition to government’s regular long term backing (MEES, 17 July 2015). The loan from Chinese state bank ICBC also takes SEC’s capital projects fundraising for 2016 to $3.8bn – just half way through the year this already exceeds the previous record of $3.7bn, hit in both 2014...
Volume: 59Issue: 27Published at Fri, 08 Jul 2016 -
Kuwait To Hike Gas-Fired Capacity After Bagging More LNG
...d a fractious relationship over the zone lately. Riyadh shut down 200,000 b/d of Neutral Zone oil production in October 2014, citing environmental concerns, as relations deteriorated. Limited output resumed only recently (MEES, 1 April). Despite the political concerns, Kuwait is not only building tw...
Volume: 59Issue: 25Published at Fri, 24 Jun 2016 -
Dubai Plans Largest Mideast Waste-To-Power Plant
...y of solid waste. This is roughly 30% of Dubai’s daily requirement – Dubai Statistics Center says the municipality handled just over 7mn tons/day of solid waste in 2014. In a bid to reduce its waste handling problems, the UAE federal government has set a target for landfill to be reduced by 75% by...
Volume: 59Issue: 25Published at Fri, 24 Jun 2016 -
International Investors Size Up Ambitious Egypt Wind And Solar Program
...newables program, approved by government in September 2014, specifically aimed at securing outside investment (see chart and table). In a recent assessment report for a proposed 1.8GW solar park at Benban, 650km southeast of Cairo, NREA says that the target includes 2GW for wind energy projects, 2GW fo...
Volume: 59Issue: 22Published at Fri, 03 Jun 2016 -
Saudi Edges Up Capacity, Looks To IPPs For Boost
...mand was 62.3GW, compared with 56.6GW in 2014. Recently-ousted electricity minister ‘Abd Allah a-Husain predicts that demand will reach 90GW in 2022. SEC spent SR29bn ($7.73bn) on new generating, transmission and distribution capacity in 2015. New units came online at the PP12 combined cycle gas tu...
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
EBRD In $530mn Egypt & Jordan Solar Boost
...nd farm and solar projects in Morocco (MEES, 24 October 2014)....
Volume: 59Issue: 20Published at Fri, 20 May 2016 -
Algeria Sees Power Demand Soaring; Can It Find The Cash To Boost Capacity?
...rn 13.3% higher than the previous record set in 2014 (see chart). Part of the additional load was met by 1.09GW of new gas-fired plants that ramped up to full capacity last year, including 394MW at Tilghemt, 220MW at Hassi Messaoud, 220MW at M’Sila, 140MW at Labreg, 40MW at Boufarik, 40MW at Ou...
Volume: 59Issue: 19Published at Fri, 13 May 2016 -
OPWP Pushing Spot Market Development, Eyes GCC Electricity Trading
...ility delivered a total 31.29TWh of electricity in 2015, an increase of 15.5% over the 27.10TWh supplied in 2014. At the same time, OPWP supplied 242mn m3 of desalinated water in 2015, which was 17.5% higher than the 206mn m3 delivered in 2014. Despite the double-digit rises in electricity and water de...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
UAE Tendering 1.15GW Of Solar, Dubai Receives Record Low Bid
...oject, a 100MW solar PV plant to be called Noor. Masdar had been lined up to develop the project, but the state renewables firm’s proposed price for supplied electricity was seen as a major sticking point (MEES, 31 January 2014). While both Dubai and Abu Dhabi are pursuing large scale solar projects, De...
Volume: 59Issue: 18Published at Fri, 06 May 2016 -
King Salman Fires Saudi Electricity & Water Minister After Price Hike Complaints
...e whole of 2015. While this was 59% down on the SR3.61bn net profits for 2014, the results for Q1 2016 suggest that SEC’s profits may receive a boost from increased tariffs for 2016 as a whole. ...
Volume: 59Issue: 17Published at Fri, 29 Apr 2016 -
Irena Sees Renewables Growth In MENA, But Less Than Elsewhere
....34GW last year. But this represents just 1.3% of global 1.99TW end-2015 renewables capacity, up 8.3% on 2014, according to freshly-released statistics from the Abu Dhabi-based International Renewable Energy Agency (Irena). MENA regional renewables capacity has increased by almost 28% since the end of 20...
Volume: 59Issue: 16Published at Fri, 22 Apr 2016 -
Egypt Secures Saudi, UAE Funding For Power Expansion, Awards Wind Projects
...eoretically give Egypt access to the GCC power grid, but - like the GCC grid itself - progress has been slow (MEES, 28 November 2014). Projects being discussed in tandem with much-needed funding include three coal-fired plants with a combined capacity of 4.62GW at a cost of $4.64bn, for which Cairo has si...
Volume: 59Issue: 15Published at Fri, 15 Apr 2016