Power & Water

Egypt signs US$300mn gas turbine contracts with GE

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GE has signed contracts totaling US$300mn to supply six gas turbines and associated services to the Egyptian Electricity Holding Company for two new combined-cycle power plants near Cairo that will support Egypt's rapidly growing energy needs.

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Saudi's first nuclear plant to be ready by 2020

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The first nuclear power plant in Saudi Arabia will be ready by 2020 but it will take longer to become fully operational and add capacity to the kingdom's over-stretched grid.

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Iraq approves two power plants worth US$656mn

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Iraq's cabinet has approved projects to build two power stations in southern Iraq with investments of more than US$656mn.

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DEWA power plant bidders offered US$200mn finance

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UAE banking group Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for state utility Dubai Electricity and Water Authority (DEWA), an Emirates NBD statement said earlier this week.

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Dubai plans for huge solar power project

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Dubai is poised to unveil a big solar power plant as part of a push to get five per cent of its electricity from renewable sources by 2030, Saeed Mohammed Al-Tayer, vice chairman of Dubai's Supreme Council of Energy, said.

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