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Mena Renewables Projects Tap Chinese Funding
...the Gulf power sector. But Silk Road is not the only China-based investor (see table 2). In 2017 a consortium of Chinese state banks led by state credit guarantee agency Sinosure fronted $1.6bn of the $2.1bn cost of Jordan’s 554MW Attarat oil-shale-fired power development (MEES, 28 April 2017...
Volume: 62Issue: 21Published at Fri, 22 May 2020 -
Qatar Set For 2019 Power, Desalination Records
...NCE MARCH... 2. WITH JAN-OCT UP 22%, 2019 IS ON TRACK TO SMASH 2017'S PREVIOUS ANNUAL RECORD (TWh) 3. QATAR DESALINATION (MN M³) HAS LIKEWISE SEEN A SERIES OF RECORDS... F =FORECAST. SOURCE: QATAR PLANNING & STATISTICS AUTHORITY, ME...
Volume: 62Issue: 50Published at Fri, 13 Dec 2019 -
Mena Renewables Programs Boosted By Multilateral Financing
...ojects in Egypt, Morocco, Jordan and Tunisia, while in 2018 it provided loans to Lebanon for the first time. Peak Mena funding was $2.27bn in 2017, while total funding amounted to $10.40bn in 2012-18, including $2.74bn in energy (see charts). In 2018 EBRD invested €1.99bn ($2.24bn) in its five Mena in...
Volume: 62Issue: 49Published at Fri, 06 Dec 2019 -
Abu Dhabi Goes Big On PV As ‘Nonconventional’ CSP Output Slides
...nventional plant. The data implies that Shams-1 has not performed as well as intended. In an AIP Conference Proceedings paper published in June 2017, Shams Power Company general manager Abdulaziz Alobaidli says “it was obvious from the very first day of this project that it will be very challenging” to bu...
Volume: 62Issue: 48Published at Fri, 29 Nov 2019 -
Saudi Gas Set To Further Strengthen Domestic Powergen Role
...peline connection (see table). Wasit came online in 2016 and then hit full capacity in 2017. The amount of power generated by gas jumped 717 trillion Btu between 2015 and 2017 as a result, and a similar boost from Fadhili would technically be sufficient to erase crude and diesel burn in the eastern an...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
North Africa Follows UAE, Saudi In Slashing Solar Costs
...uld have cost $649/kW, while its $29.4bn under-development nuclear project with 4.8GW capacity will cost $6,125/kW (MEES, 15 December 2017). UAE/SAUDI SOLAR PV PROJECTS HAVE SET RECORD LOW ELECTRICITY PRICES (US¢/KWH)... ...WHILE NORTH AFRICAN PRICES ARE NOW PLAYING CATCH-UP (US¢/KW...
Volume: 62Issue: 47Published at Fri, 22 Nov 2019 -
SEC Switches Privatization Plan From Sell-Off To IPPs
...cess of peak demand (MEES, 9 August). In the first half of 2019 SEC had access to a total 75.1GW of capacity to supply its grid, 15.5GW above peak load of 59.6GW. Additionally, reduced electricity subsidies have helped cut peak load from the record 62.1GW of 2017 (see chart). PRIVATE SECTOR PL...
Volume: 62Issue: 46Published at Fri, 15 Nov 2019 -
Egypt May Ax Coal Plans On Back Of Major Gas, Solar Expansion
...s since soared with the key boost coming with the December 2017 start-up of the 21.5tcf Zohr field discovered just over two years earlier. By late 2018 Egypt had again become a net gas exporter, since when output has continued to soar an all-time high of 6.75bn cfd in August (see chart, p13). 1: EG...
Volume: 62Issue: 45Published at Fri, 08 Nov 2019 -
Egypt $4bn Benban Solar Park ‘Complete’
...developers were not satisfied with a Cairo court’s decision, did first EBRD and then the World Bank’s International Financial Corporation (IFC) get behind Benban, backing almost all the projects developed so far (MEES, 3 November 2017). EGYPT’S BENBAN SOLAR PARK REACHES 1.475GW CA...
Volume: 62Issue: 44Published at Fri, 01 Nov 2019 -
Qatar Powergen Breaks New Records After 2018 Downturn
...ar. Should the 20% year-on-year growth seen in the first eight months be maintained for the remainder of 2019 this implies a record 47.3TWh for the year as a whole, some 8% above the previous record of 43.9TWh set in 2017 (see chart 2). As with Qatar’s neighbors, electricity demand is highly se...
Volume: 62Issue: 42Published at Fri, 18 Oct 2019 -
Kuwait Readies State Firms For Power IPO
...-year agreement. While prices have not been revealed, in order to have attracted international investors they would have had to be higher than the heavily subsidized tariffs paid by Kuwaiti consumers (MEES, 16 June 2017). CAPACITY GROWTH Kuwait generation capacity stands at 19.42GW thanks to the re...
Volume: 62Issue: 40Published at Fri, 04 Oct 2019 -
Riyadh’s SWCC Privatization: Desalination And Powergen Assets On The Block
...prove our operational excellence and efficiency” in preparation for privatization (MEES, 19 October 2018). This has seen SWCC output increase as a percentage of total Saudi desalinated water production, rebounding from a minimum of 48% of total output in 2016 to 66% of 2017’s total of 2.46bn m3 in 2017...
Volume: 62Issue: 39Published at Fri, 27 Sep 2019 -
Abu Dhabi Eyes Innovative Approach To Energy Transition
...plying total nationwide capacity of 93GW (MEES, 13 January 2017). This is around three times current capacity, hardly boosting confidence in the efforts to improve consumption efficiency and reduce the carbon footprint. These figures imply thermal (mainly gas) capacity rising from 28GW to 35GW by 2050, “cl...
Volume: 62Issue: 38Published at Fri, 20 Sep 2019 -
Saudi Arabia Pushes For Enhanced Gas Role In Energy Transition
...x, with state regulator ECRA’s latest statistics showing that in 2017, gas fueled a record 53.7% of all electricity generation (MEES, 19 April). There is a clear geographic disparity in the kingdom, where liquids have been virtually eliminated from power generation from the eastern and central ar...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Saudi To Push On With ‘Full Cycle’ Nuclear, Probably
...nsions, Saudi Arabia’s desire to control the whole nuclear enrichment process is sure to raise eyebrows. LEADING PLAYER The leading Mena nuclear player is Russian state firm Rosatom, which is set to follow up its plants in Iran with four units totalling 4.8GW in Egypt (MEES, 15 December 2017...
Volume: 62Issue: 37Published at Fri, 13 Sep 2019 -
Bahrain’s Oil Sector Optimism Spreads To Powergen
...ve existing grid-linked power plants delivered 17.8TWh of electricity in 2018. Additions from the Alba power plants and the GGC grid took total electricity delivered to the grid to 18.0TWh. Bahrain’s peak load fell slightly to 3.44GW in 2018 from a record 3.57GW in 2017, although the trend in recent ye...
Volume: 62Issue: 35Published at Fri, 30 Aug 2019 -
Egypt Solar Soars Thanks To Booming Benban Output
...lar park is a major contributor, along with three giant combined cycle gas turbine (CCGT) plants with a combined capacity of 14.4GW developed by state utility EEHC and brought online in 2017-18, in ensuring that Egypt’s installed generating capacity is more than sufficient to meet anticipated peak el...
Volume: 62Issue: 34Published at Fri, 23 Aug 2019 -
Egypt: Are Power Shortages History?
...22 (MEES, 24 May). Cairo plans to spend just E£4bn ($229mn) on electricity subsidies in the current financial year, down from an estimated E£16bn ($900mn) in 2017-18. Electricity price increases have led to a 3-4% fall in consumption, local media outlet Amwal Al-Ghad reported on 7 August, citing el...
Volume: 62Issue: 33Published at Fri, 16 Aug 2019 -
Saudi Utility SEC Cuts Spending Plans As Power Demand Levels Off
...fline as more advanced facilities are developed. Total capacity available to supply the grid – including firms which generate electricity to supply their own operations and deliver any excess to the grid – peaked in 2017 at 79.1GW and declined to 75.1GW at end-1H 2019. 2018’s demand peak represents 82...
Volume: 62Issue: 32Published at Fri, 09 Aug 2019 -
Oman Cuts Power Growth Forecast, Eyes Lower Gas Burn
...r powergen and instead views incremental gas volumes as a source of additional export revenues. GAS BILL While the reduction in gas burning would be expected to reduce OPWP’s gas bill, it is not clear whether the introduction of time-of-use tariffs for electricity consumers in 2017...
Volume: 62Issue: 31Published at Fri, 02 Aug 2019