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Metito eyes expansion plans

METITO, THE UAE-based utilities provider, is unlikely to go for an IPO this year and may opt to concentrate on aggressive expansions first.

Dubai Electricty and Water

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ONE OF THE biggest challenges for Dubai Electricity and Water Authority (Dewa) is to ensure that it has enough capacity to take care of the utility needs of a rapidly growing city like Dubai. It has budgeted US$2 billion this year to spend on new projects as part of its spending plan over the next several years.

The centrepiece of this investment is the Dh20-billion Hassyan power generation and water desalination plant in Jebel Ali. Dewa has delayed awarding of contracts for this project by a year. According to Saeed Mohammad Al Tayer, managing director and chief executive officer, Dewa, Dubai is well-placed from a supply perspective to meet its power and water requirements and the delay is not going to affect the ongoing real estate and industrial developments. With local construction activity weakening due to an economic slowdown, utility consumption is also expected to grow at a slower pace this year.

 

Business and Management

  • US$130mn Saudi Arabia power plant component order won

    Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.

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Executives Calendar

September 2010

SEPTEMBER 2010
27-30 Project Iraq ERBIL
www.ifpqatar.com

October 2010

OCTOBER 2010

3-6 Saudi Build RIYADH
www.recexpo.com

4-6 Powergen Middle East DOHA
www.power-gen-middleeast.com

17-19 PG&WSME ABU DHABI
www.powerandwaterme.com
17-20 Recycling & Waste Management KSA RIYADH
www.recexpo.com

17-21 GITEX Arabia DUBAI
www.gitex.com

18-21 Erbil International Fair ERBIL
www.ifpqatar.com

25-27 Saudi Transtec Dharan
www.sauditranstec.com


November 2010

NOVEMBER 2010
1-4 GCC Power DOHA
www.ifpqatar.com

1-4 Adipec 2010 ABU DHABI
www.adipec.com

2-6 Jordan Motorshow AMMAN
www.ifpqatar.com
21-24 The Big 5 DUBAI
www.thebig5exhibition.com

28-30 Roadex/Railex ABU DHABI
www.roadex-railex.com
28-30 MEMEX 2010 ABU DHABI
www.memexnews.com