ACWA Power, Gulf Investment Corporation (GIC), and the Ministry of Electricity, Water, and Renewable Energy of Kuwait have signed an Energy Conversion and Water Purchase Agreement (ECWPA) to develop the $4 billion 2.7 GW Az-Zour North Phase 2 & 3 project in Kuwait.
Oman’s Nama Power and Water Procurement has signed agreements valued at a total of €2.4 billion, one with a consortium led by Qatar’s Nebras Energy and one led by Korea Western Power to develop power generation projects.
Vietnam Electricity (EVN) has secured domestic financing for the Quang Trach II LNG-fired power plant.
GE Vernova has announced that PetroVietnam Power Corporation’s (PV Power) 1.6 GW Nhon Trach 3&4 Power Plant in Ong Keo Industrial Park, about 70 km southeast of Ho Chi Minh City, Vietnam, has started commercial operation.
Malaysia boosted natural gas-fired power generation and sharply reduced use of coal-fired generation in December 2025, according to data from Malaysia’s Grid System Operator (GSO).
Vistra has announced definitive agreements for its subsidiary Vistra Operations Company to acquire Cogentrix Energy’s portfolio of 10 modern natural gas-fired power plants with a total combined capacity of around 5500 MW.
Abu Dhabi National Energy Company (TAQA) and Emirates Water and Electricity Company (EWEC) have achieved financial closure for the €850 million 1 W Al Dhafra gas-fired power plant.
Iraq’s Ministry of Electricity has announced that Iran has completely stopped supplies of gas to Iraq, resulting in the loss of around 4500 MW of capacity and forcing the Ministry to take emergency measures to stabilise the grid.
ACWA Power has completed its acquisition of Engie’s stakes in gas-fired power generation and water desalination assets in Bahrain, along with the related O&M companies. The total acquisition price for the assets, including those in Kuwait, is $693 million.
Iraqi Prime Minister Mohammed Shia al-Sudani has announced a 20-year plan to increase electricity capacity by 57 GW through agreements reached with Siemens and GE, as well as the increased use of renewable energy.