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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 -
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