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ACWA Power and GIC sign agreement for 2.7 GW CCGT power plant in Kuwait
- 2026-02-06 06:25:43
- David Flin
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 signs €2.4 billion power deals
- 2026-01-23 06:36:05
- David Flin
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.
TAQA and EWEC reach financial closure of Al Dhafra CCGT
- 2026-01-05 05:27:32
- David Flin
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.
Egypt and Djibouti jointly launch Omar Jagaa solar power plant
- 2025-12-29 06:34:34
- David Flin
Egypt and Djibouti have jointly inaugurated a 300 kW solar power plant in Omar Jagga village in Djibouti’s Arta region, strengthening bilateral cooperation between the countries.
Iran halts gas supply to Iraq
- 2025-12-25 09:29:13
- David Flin
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 acquires Bahrain CCGT assets
- 2025-12-24 06:19:37
- David Flin
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.
Iran and Russia announce new nuclear power plant deals
- 2025-12-18 06:54:32
- David Flin
The Iranian government has announced that it is in discussions with Russia regarding the construction of new nuclear power plants.
Egypt and Japan partner to develop 20 MW solar and storage project
- 2025-12-02 05:53:46
- David Flin
Egypt has announced a new collaboration between the New and Renewable Energy Authority (NREA) and an Egyptian-Japanese consortium to build a combined 20 MW solar power plant and a 30 MWh battery energy storage system (BESS) in Hurghada on Egypt’s Red Sea coast.
Türkiye and World Bank in $6 billion financing talks
- 2025-11-25 07:06:54
- David Flin
Alparslan Bayraktar, Türkiye’s Energy Minister, has announced that Türkiye and the World Bank have begun talks for $6 billion in financing to upgrade the country’s electricity transmission system.
Iraq to increase electricity capacity by 57 GW
- 2025-11-20 06:28:46
- David Flin
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.
