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Gulf requires $100 billion investment for power sector over the next five years
- 2018-11-06 05:55:08.728551
- David Flin
The MENA Power Industry Outlook 2019, a report prepared by Ventures Onsite, says that the GCC region is expected to require power infrastructure investment totalling $109 billion over the next five years.
Egypt signs $2.3 billion deal with ACWA Power for new gas-fired power plant
- 2018-11-02 03:30:53.666518
- David Flin
Egypt signed a deal on 1 November 2018 with ACWA Power of Saudi Arabia to build a power plant in southern Egypt involving an investment of $2.3 billion, according to a statement from Mohamed Shaker, the Egyptian electricity minister.
GE and Siemens sign Iraq power deals
- 2018-10-22 07:19:06.498544
- David Flin
GE and Siemens have signed agreements for large power generation deals in Iraq.
Siemens loses $15 billion Iraq power generation contract to GE
- 2018-10-18 03:53:27.335878
- David Flin
The Financial Times has reported that GE has won a major contract to supply power to Iraq, beating Siemens, following intervention by the US Government.
Saudi Public Investment Fund denies WSJ report claiming $200 billion solar project halted
- 2018-10-02 04:55:40.266005
- David Flin
Saudi Arabia’s Public Investment Fund (PIF) has described a report from the Wall Street Journal that claimed the Kingdom has stopped a plan to build the world’s biggest solar power generation project as “inaccurate”.
Saudi Arabia shelves $200 billion SoftBank solar project
- 2018-10-01 05:01:43.578756
- David Flin
It has been reported that Saudi Arabia has shelved a $200 billion plan with SoftBank Group of Japan to build what would have been the world’s biggest solar power generation project.
Siemens and GE in competition for $15 billion power deal in Iraq
- 2018-09-25 05:31:47.254131
- David Flin
Siemens and GE are competing for a contract worth an estimated $15 billion to develop power stations in Iraq.
Egypt selects Siemens for O&M of world’s largest combined cycle power plants
- 2018-09-21 05:58:22.078559
- David Flin
Siemens has announced that it has been selected by the Egyptian Electricity Holding Company (EEHC) to provide comprehensive O&M services for the Beni Suef, New Capital, and Burullus power plants for the next eight years.
Iran and Russia to resume talks on construction of new nuclear power plant
- 2018-08-27 05:17:10.190377
- David Flin
Reza Ardakanian, Energy Minister of Iran, has said that the country has restarted negotiations with Russia to build a new 3000 MW nuclear power plant.
Egypt inaugurates several power generation plants
- 2018-07-25 05:45:31.843443
- David Flin
Egypt has inaugurated several power generation projects, including three combined cycle power plants built by Siemens.
