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Egypt’s Power & Gas Demand Rebound From Covid Slump
...20.0TWh for August, the first month since February not to be down year-on-year, and the third highest figure on record behind July 2017 and 2019 (see chart 1). *And the latest gas consumption stats, which are for September, suggest that power generation has continued to rise. The country’s ov...
Volume: 63Issue: 50Published at Fri, 11 Dec 2020 -
Kuwait Slashes Crude Burn As Weather Cools
...tal electricity generation of 6.6TWh was the lowest October figure since 2017. The biggest relief for Kuwait was arguably that it was able to significantly curb the amount of crude oil burned, which fell to a six-month low of 55,000 b/d for October (see chart 2). However, despite being down from mo...
Volume: 63Issue: 49Published at Fri, 04 Dec 2020 -
Saudi Arabia To Shake Up Electricity Sector With SEC Reforms
...liquids in the utility sector last year. CAPACITY PUSH SEC’s generating capacity peaked at 56.6GW in 2017 and after a dip in 2018 and 2019 is expected to increase to around 56.5GW in the medium term. While peak demand has settled at just over 60GW since 2015 as a result of tariff re...
Volume: 63Issue: 47Published at Fri, 20 Nov 2020 -
Taqa Hikes Foreign Ownership Limit To 49% Ahead Of Offering
...reign investment in Taqa supports the “significant efforts of our country’s leadership to encourage foreign capital inflows.” State petroleum firm Adnoc has led the way, raising $851mn in a 2017 IPO of Adnoc Distribution. It has also brought foreign investors into its midstream operations (MEES, 26 Ju...
Volume: 63Issue: 46Published at Fri, 13 Nov 2020 -
Siemens Talks Mena Power With MEES
...dividuals working closely with the government. And most importantly, they have a better electricity system than they did before. ON A LIBYA REENTRY Q: Siemens signed a €700mn deal with Libya to build two power plants in 2017 that appears to have been derailed by ongoing in...
Volume: 63Issue: 45Published at Fri, 06 Nov 2020 -
Egypt Power Fuels: Renewables Rising, But Gas Remains Dominant
...24 (MEES, 9 November 2018). In the longer term nuclear capacity will be added to the mix, with four reactors with a combined capacity of 4.8GW due to begin operation at Dabaa on the Mediterranean coast during 2026-29 (MEES, 15 December 2017). ...
Volume: 63Issue: 43Published at Fri, 23 Oct 2020 -
Qatar Powergen Rebounds To New Peak
...ricultural sector, which Qatar has sought to build up in response to the ongoing economic embargo. Food security has long been an area of concern for the government and the embargo made it more acute. Government statistics show that agricultural output has increased significantly since 2017. STRATEGIC DE...
Volume: 63Issue: 40Published at Fri, 02 Oct 2020 -
Jordan Moves Towards Electricity Hub Role With Saudi, Iraq Deals
...ans to also integrate with Iraq and potentially Syria in the future. Jordan’s transmission grid is already integrated with Egypt and the West Bank. No timeframe for the work has been provided and the idea of such a connection is longstanding. A similar MoU was signed in 2017, after Jordan’s el...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Barakah 1 Reactor Connected To UAE Grid
...it 1 operators, preventing FANR from awarding an operating license to Nawah, which saw Barakah 1 start-up delayed from 2017 (MEES, 12 May 2017). Enec recently announced the completion of construction of Barakah’s Unit 2 and says that operational readiness preparations are now under way by Nawah. Me...
Volume: 63Issue: 34Published at Fri, 21 Aug 2020 -
Abu Dhabi’s First Barakah Reactor Start-Up Points To 2024 Full Capacity
...ec’s control. When Enec began building the 1.4GW first unit in July 2012, Enec and Korean construction contractor Kepco envisaged the four units starting up at one-year intervals over the 2017-20 period. However, a scandal in Korea over fake safety certificates for some nuclear plant components ca...
Volume: 63Issue: 33Published at Fri, 14 Aug 2020 -
Solar Prices Fall To New Record Low With Abu Dhabi Award
...ES, 13 January 2017). Despite the growing momentum, a long path lies ahead. MEES calculates that by end-2022 renewables will account for around 12% of the UAE’s powergen capacity. EXPERIENCED PARTNERS All four members of the consortium have a track-record of operating within the UAE’s de...
Volume: 63Issue: 31Published at Fri, 31 Jul 2020 -
Saudi Solar: Key 2GW Plant Faces Covid-19 Delays
...VELOPMENT Saudi Arabia’s ambitious plans for 27.3GW of renewable energy capacity by 2024 and 58.7GW by 2030 rest on a two-track system of development. The first track is overseen by the Ministry of Energy’s Renewable Energy Project Development Office (Repdo), which was established in 2017 (MEES, 10 Fe...
Volume: 63Issue: 30Published at Fri, 24 Jul 2020 -
Saudi Plans World-Beating $5bn ‘Green Hydrogen’ Project For Neom Future City
...abia’s now-Crown Prince Muhammad bin Salman to great fanfare in 2017 with a $500bn price tag (MEES, 27 October 2017). Whether it ever comes close to achieving its grandiose aims is unclear, but there is at least now movement towards developing innovative industries at the site. No-one can accuse Neom of...
Volume: 63Issue: 28Published at Fri, 10 Jul 2020 -
Egypt’s Economy & Energy Sector Reel From Covid-19
...rch alone, and a further $3bn in April and $1bn in May, to end the first five months at just $36.0bn, down almost $10bn on the start of the year and the lowest figure since 2017 (MEES, 12 June). The end-May figure would have been lower were it not for the mid-month receipt of $2.77bn in emergency IM...
Volume: 63Issue: 27Published at Fri, 03 Jul 2020 -
Dubai Solar Capacity Tops 1GW
...8MW. This too is delayed, missing a first half 2019 start-up target (MEES, 2 June 2017). Germany’s Siemens and Egypt’s Elsewedy meanwhile were awarded a contract to build the 815MW fourth phase of the H-Station plant at Al Aweer, east of Dubai city, but this too has missed its intended in March-Ap...
Volume: 63Issue: 23Published at Fri, 05 Jun 2020 -
Saudi Nuclear Plan: Slow Progress, But Expanded Scope Eyed
...tential increase in scope is envisaged. The energy ministry’s original announcement of the two-reactor plant said capacity would be 2.8GW (MEES, 28 July 2017). The two-reactor plant is expected to be built at one of two Gulf coast sites either side of the Qatar peninsula: Umm Huwayd to the northwest an...
Volume: 63Issue: 20Published at Fri, 15 May 2020 -
UAE, Egypt Lead Mena Renewables Expansion
...rdan took its total wind capacity to 374MW at the end of 2019 with completion of the 89MW Fujeij wind farm 150km south of Amman (MEES, 20 January 2017). EBRD’s $1.7bn investment in Jordan since 2012 means it can now generate 10-15% of electricity from locally-developed renewables capacity (MEES, 28 Fe...
Volume: 63Issue: 17Published at Fri, 24 Apr 2020 -
Saudi Solar Gains Momentum, But Hydrocarbons Still Dominate Project Pipeline
...nstruction contracts for the PP13 and PP14 plants near Riyadh in 2015, while SEC and state petroleum firm Aramco awarded the Fadhili cogeneration project in early 2017, to provide electricity and process heat for the Fadhili gas processing plant, which started up in late 2019. The two solar projects on...
Volume: 63Issue: 16Published at Fri, 17 Apr 2020 -
Egypt Gas Burn Falls Despite Powergen Record
...imarily the three giant CCGTs:: capacity rose from 46.03GW at the end of 2017 to 57.05GW at end-2019 (see chart 3). Egypt’s total installed capacity is now 85% higher than the record peak load of 30.8GW hit in August 2018. However, much of the existing capacity is in aging plants that have suffered un...
Volume: 63Issue: 12Published at Fri, 20 Mar 2020 -
MEES Interview With EBRD ‘Semed’ Managing Director Heike Harmgart– Edited Highlights
...arted in 2012 – the number of projects, the value of these investments, and also the addition of new countries into the EBRD family, last year Lebanon, and the West Bank and Gaza before that. We have also seen Egypt investment grow substantially in 2017 and 2018. And there will be more countries coming. We...
Volume: 63Issue: 09Published at Fri, 28 Feb 2020