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Mena Renewables Projects Tap Chinese Funding
...tensibly multilateral identity, the Silk Road Fund is intimately linked to President Xi Jinping’s flagship Belt & Road Initiative which is intended to promote Chinese investment, and with it influence, across a swathe of the planet, including the Gulf region. Founded in December 2014, Silk Road Fund cash co...
Volume: 62Issue: 21Published at Fri, 22 May 2020 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...abian Bemco for Qurrayah (MEES, 10 January 2014); and Acwa and Korea’s Samsung for Rabigh-2 (MEES, 6 December 2013). Of the 2019 projects, 10MW Layla Al-Aflaj solar, built with government institutes Kacst and Taqnia, started up in January. The 1.5GW Al-Fadhili cogeneration plant, built with state pe...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Egypt May Ax Coal Plans On Back Of Major Gas, Solar Expansion
...eliminary agreement. The latter is among projects earlier reported as likely to be postponed, along with gas-fired expansions at Damanhour and Mahmoudia (MEES, 16 August). Though final awards were only made last year they are the culmination of a now-outdated strategy set out in 2014 and 2015 as dw...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Algeria’s Renewables Plans Struggle To Advance
...en much better since, with a number of plants coming online. Although it has taken some time, of the big eight CCGT projects awarded in 2012 and 2014, at least two have started up (see map & table). The 1.016GW Ain Arnat CCGT plant in the northeastern Setif province first started up in open-cycle mo...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Jordan: Gas Oversupply Threatens Key Startups
...rsue an FSRU at Aqaba (MEES, 21 June 2013) accompanied by an LNG purchase agreement with Shell (MEES, 10 July 2015), establish a slew of new powerplants via independent power producer (IPP) agreements (MEES, 1 August 2014) and focus on long-term domestic alternatives via renewables and oil shale (MEES, 14...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Riyadh’s SWCC Privatization: Desalination And Powergen Assets On The Block
...1 Ras al-Khair RO 2014 311 308 Ras al-Khair 2015 74...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
Saudi OKs Desal Sell-Off Plans
...ant, with 2.4GW power generating capacity and desalination capacity of 1.25mn m3/d. This came online in 2014 at a cost of $6.1bn (MEES, 13 February 2015). Estimating the value of SWCC is complicated by the fact that much of the company’s infrastructure is in need of a capital injection: 20% of its ca...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Bahrain’s Oil Sector Optimism Spreads To Powergen
...hrain’s largest plant with 1.25GW capacity. Bahrain’s power plants run almost entirely on gas, with gas burn for power generation amounting to 5.38bcm in 2018, down from a record 5.62bcm in 2014 that was almost matched in 2017 (see chart). Although Bahrain’s domestic gas production of around 2.1bn cf...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Egypt: Are Power Shortages History?
...stalled powergen capacity over the five years to June 2019 (the end of the Egyptian financial year), from 32.0GW in June 2014 to 55.5GW currently. Central to the surge have been three giant combined cycle gas turbine (CCGT) projects taking EEHC’s total CCGT capacity to just over 30GW (see chart). Eg...
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Algeria Adding Powergen Capacity, But Big CCGT Progress Piecemeal
...ojects in 2012, at Ain Arnat and Ras Djinet, with six more following in 2014. None has yet been declared fully operational and the rates of progress vary widely. Sonelgaz, which is constrained by government policy preventing it from seeking outside investment, can only pay contractors when it has cash in ha...
Volume: 62Issue: 28Published at Fri, 12 Jul 2019 -
Libya Fights To Keep The Lights On
...BYA: KEY POWER STATS... *1ST UNIT OF 350MW CAME ONLINE IN 2014. ^NO LONGER LISTS PROJECT ON ITS WEBSITE. SOURCE: WORLD BANK, MEES....
Volume: 62Issue: 25Published at Fri, 21 Jun 2019 -
Oman’s 2019 Power Start-Ups Are Last Gas Burners In Project Pipeline
...gas in 2018, equalling its record consumption in 2015. While consumption for power generation has remained in the 8.0-8.3bcm/y range since 2014, the upstream rally has boosted LNG exports (see chart). Although Sohar-3 and Ibri IPP would require around 420mn cfd of gas to operate at full ca...
Volume: 62Issue: 23Published at Fri, 07 Jun 2019 -
Iraq Power Generation Hits New Heights Despite Stalled KRG Deal
...iginal intention of receiving gas feedstock from the nearby DNO-operated Summail gas field. Gas flows began in May 2014 (MEES, 12 September 2014) but didn’t last long, with DNO halting operations at the field in 2015 and relinquishing the license in 2016. Since the Summail flop, Duhok has been ru...
Volume: 62Issue: 22Published at Fri, 31 May 2019 -
Lebanon To Award Billion-Dollar Gas Import Deals
...will help mitigate the need for individual project tenders which historically have proven the main cause of delays – as was the case both with FSRUs and building new power infrastructure. And arbitrary disputes are always a worry. The government battled Athens contractor J&P since 2014 over wh...
Volume: 62Issue: 14Published at Fri, 05 Apr 2019 -
Saudi Liquids Burn Edges Up, More Rises To Come?
...eir lowest level since March 2014. Products imports were down across the board, with the kingdom importing no diesel for the first time since January 2011. The upshot was that net-products exports were just shy of December’s record at 1.34mn b/d. And net diesel exports were at an all time high of...
Volume: 62Issue: 12Published at Fri, 22 Mar 2019 -
Saudi Arabia’s Oil-Fired Power Conundrum
...d jumped from 56.6GW in 2014 to 62.0GW in 2015, but has since fallen thanks to the kingdom’s efforts. As well as electricity consumption declining, increased gas supplies have helped displace liquids from power plants. The Wasit gas plant started up in 2016 and processes 2.5bn cfd raw gas into 1....
Volume: 62Issue: 11Published at Fri, 15 Mar 2019 -
Saudi Renewables Plan: More Answers, More Questions
...e new loan takes SEC’s total lending to $47bn since July 2007. It is also SEC’s largest loan from the finance market, although the company’s biggest loan to date was a $13.2bn ‘soft loan’ from the Ministry of Finance in March 2014. SEC’s previous agreement was a $2.15bn revolving credit facility ai...
Volume: 62Issue: 08Published at Fri, 22 Feb 2019 -
Iraq’s Contentious Politicking Stymies Critical Electricity Ministry Reform
...mpany’s (BGC: South Gas Company 51%, Shell 44%, Mitsubishi 5%) progress on the gas front will help ameliorate fuel supply concerns. Power shortages had long been a perennial problem for Iraq. And then, as Mr Khatteeb notes, the Islamic State insurgency took another 4.5GW off the grid from 2014. Stalled pr...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019 -
‘We Have Very Little Time’: MEES Sits Down With Iraq’s Electricity Minister
...eld in western Iraq where the company [Korea’s Kogas] declared force majeure (MEES, 20 June 2014). The last thing we want to do is build a power station with no fuel supply. Another delayed project in Salahuddin held back 1.2GW. All these projects require about 18 months to complete, and would th...
Volume: 62Issue: 07Published at Fri, 15 Feb 2019