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Riyadh Set To Push For Saudi Power Privatization In 2018
...oking increasingly tight (see p14). Similarly, this week Riyadh’s plans to link gasoline prices to international market prices by the end of 2017 were revised, so that a gradual linkage over the 2018-25 period is now the aim (see p16). Given the likely complexities arising from the Aramco IPO and fuel pr...
Volume: 60Issue: 51/52Published at Fri, 22 Dec 2017 -
Egypt, Russia Sign Deal To Start Work On Virgin Nuclear Plant
...rget): GW Fuel Beni Suef (Elsewedy, 2017-20) 4.80 Gas Burullus (Orascom, 2017-20) 4....
Volume: 60Issue: 50Published at Fri, 15 Dec 2017 -
Iraq Adds Upgrades To Gas-Fired Plans, Keeping Pressure On Rising Supplies
...e reason for the increased availability of gas for power generation has been reduced flaring. Although Iraq flared more than 60% of its gas in 2016, improved gas recovery – mainly by Basra Gas Company, which recovered 574mn cfd in 2016 and aims to reach 723mn cfd in 2017 and 1bn cfd in 2018 – en...
Volume: 60Issue: 49Published at Fri, 08 Dec 2017 -
Egypt Nuclear Plans Near Go-Ahead, Saudi Looks To Standardize Plant Design
...shehr-2 2024 1.0 1 5.5 Rosatom building. Work started Mar 2017 Pl...
Volume: 60Issue: 48Published at Fri, 01 Dec 2017 -
Algeria Eyes 2.4gw Power Capacity Boost By Mid-2018, But Money Is Tight
...appearance; the company’s third Algerian CCGT project, Bellara, is also apparently on hold. Korea’s Samsung C&T is developing two of the big CGGT plants. By the end of the second quarter 2017 the company estimated that it had reached 50% completion of the Naama project, for which the co...
Volume: 60Issue: 47Published at Fri, 24 Nov 2017 -
Abu Dhabi’s Taqa: Power Steady But Upstream Slumps With Capex Cuts
...E and abroad, are earning steadily and its upstream assets – all overseas – are providing better income. But the company again posted a net loss for the first nine months of 2017. Taqa’s Q1-3 2017 revenue was Dh12.53bn ($3.41bn at the fixed exchange rate of $1=Dh3.6725), down 40% from a record Dh...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
IEA 2017 WEO: Key Power Forecasts*
...MENA LAGS THE WORLD IN RENEWABLE CAPACITY ADDITIONS TO 2040 (% OF TOTAL ADDITIONS) MENA INSTALLED CAPACITY (GW): RENEWABLES OVERTAKE OIL BY 2035… …BUT EVEN IN 2040 FOSSIL FUELS MAINTAIN A 75% MARKET SHARE *IEA 2017 WEO, NEW POLICIES SCENARIO. SOURCE: IE...
Volume: 60Issue: 46Published at Fri, 17 Nov 2017 -
Abu Dhabi Completes 1.6GW Gas-Fired Plant
...Al-Mirfa CCGT (Gas)** 1.24 End 2017 Capacity: 30.07 Projects Awarded: Enec (2018-20) Ba...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Egypt To Privatize Wind Management
...e Japanese Bank for International Cooperation (JBIC), Japan’s Sumitomo Mitsui Banking Corporation and France’s Societe Generale. Japanese export credit agency Nexi will provide backing. Construction will start by the end of 2017 and take around 24 months, Engie says. This seems optimistic given Eg...
Volume: 60Issue: 45Published at Fri, 10 Nov 2017 -
Egypt’s Largest Solar Investor Ties Up Finance For Benban Projects
...18 start-up target represents a slippage from the original EBRD and IFC schedules, which targeted construction on the first of the backed projects by the end of 2017. Before they can begin to supply the grid, EETC must complete at least one of four substations it is building at the corners of the Be...
Volume: 60Issue: 44Published at Fri, 03 Nov 2017 -
Iraqi Crude Burn Levels Slump As Iranian Gas Imports Displace Liquids
...nsistently posting moderate year-on-year increases in crude burn volumes, indicating that full year volumes would be up on last year’s 169,000 b/d average. But absent a surge in the final four months of the year, they are on track to average 160,000 b/d in 2017. Iraq’s power plants have also been burning si...
Volume: 60Issue: 43Published at Fri, 27 Oct 2017 -
Aramco Targets 12GW Powergen Capacity By 2020, Seeks Supply License
...0 Expansion projects Oil, gas-fired 84 Added 2017: Turaif Wind turbine 3 Total Op...
Volume: 60Issue: 42Published at Fri, 20 Oct 2017 -
Saudi Signs Nuclear Deal With Russia But Continues To Play The Field
...0 1 5.5 Rosatom building. Work started Mar 2017 Planned 10...
Volume: 60Issue: 41Published at Fri, 13 Oct 2017 -
Renewables: Mena Retarded By Low Power Prices Amid Global Progress-IEA
...ergy Agency (IEA). The agency’s Renewables 2017 forecast, published this week, says solar capacity worldwide rose by 50% last year, to 74GW, of which almost a half was in China. “China has been the leader in manufacturing solar PV equipment for some time,” says IEA renewables head Paolo Frankl, “bu...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Saudi Solar Tender: Masdar Offers Lowest Ever Power Price
...built 120km east of Abu Dhabi city at Sweihan (MEES, 7 July). There will be great interest across the renewables sector in how such low bids were achieved for Sakaka. Certainly solar panel costs have fallen sharply. The IEA’s Renewables 2017 forecast, issued this week says that in 2016 solar PV...
Volume: 60Issue: 40Published at Fri, 06 Oct 2017 -
Qatar Plans First Significant Solar Capacity
...y plank of this had been a January 2017 deal with Abu Dhabi state firm Masdar, a firm with much more renewables experience, to jointly develop “commercially viable renewable energy projects in the UAE, Qatar, and international markets.” QEWC’s overseas investment affiliate Nebras Power and state in...
Volume: 60Issue: 39Published at Fri, 29 Sep 2017 -
Dubai Breaks Solar Capacity, Power Pricing Records With CSP Project
...70 Current Capacity 28.83 Projects Awarded: 13.57 Adwea (2017) Al-Mirfa CCGT (Ga...
Volume: 60Issue: 38Published at Fri, 22 Sep 2017 -
Algeria Plots Unlikely Power Capacity Boost Whilst Rejecting Foreign Funding
...pacity delays (see p13). The first was awarded under a $1.06bn contract (MEES, 30 November 2012), while six more were awarded together under contracts valued at $4.05bn (MEES, 7 March 2014). The Ain Arnat plant was scheduled to reach full capacity in 2016 and the other six were expected to follow in 2017...
Volume: 60Issue: 37Published at Fri, 15 Sep 2017 -
Iraq Sparking Up Gas-Fired Capacity, Despite Fuel Supply Constraints
...gh and pipeline imports from Iran have begun. Yet the amount of new generating capacity due online means that gas supplies will remain overstretched for the foreseeable future. Iraq’s peak power load was 14.35GW in 2016; in 2017 it is expected to be 7.7% higher at 15.45GW, according to the fe...
Volume: 60Issue: 36Published at Fri, 08 Sep 2017 -
Saudi Invites Proposals For 400MW Wind Power Project
...st year. Progress in wind has been even slower. In early 2017 state petroleum firm Saudi Aramco and US conglomerate General Electric (GE) started up a single 2.75MW wind turbine at the Turaif products storage terminal in the northwest of the kingdom. The turbine was planned as a pilot for a 50MW wi...
Volume: 60Issue: 35Published at Fri, 01 Sep 2017