Power & Water

SEC pens power deal

SEC pens power deal

Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Korea's Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.

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Another step forward for Saudi Arabia's power sector

Another step forward for Saudi Arabia's power sector

Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Korea's Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.

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Kuwait to expand electricity grid

Kuwait to expand electricity grid

Kuwait is set to dramatically increase the country's power capacity to 17,500 MW by 2014, up from the current capacity of 12,000 MW, according to Minister of Electricity, Badr al-Shuraian.

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South Korean firms expanding in Abu Dhabi

South Korean firms expanding in Abu Dhabi

South Korean firms are looking to increase their hold on Abu Dhabi's industrial sector, reports The National.

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US$1.5 billion power project contract awarded

Image source: Siemens

Abu Dhabi Water and Electricity Authority (ADWEA) has awarded Korea Electric Power Corp (KEPCO) and Sumitomo Corp. the contract for a US$1.5 billion power project in the UAE. The companies will sign the final agreement by February 2011 after raising funds through project financing. The project consists of a 1,600MW gas-fired power plant, to be built in Shuweihat, 260 km west of the capital Abu Dhabi, and scheduled for commercial operation in March 2014, according to KEPCO.

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