The Arab Petroleum Investment Corporation (APICORP) has produced a report stating that Middle Eastern and North African countries will need to invest $260 billion on increasing electricity production over the next five years to meet rising demand.
Saudi Arabia has announced ambitious plans to build a 200 GW solar power plant.
GE Power has helped strengthen Iraq’s power infrastructure by rebuilding the 750 MW Al Qayara Power Plant that was damaged in the recent fighting in Mosul.
The European Bank for Reconstruction and Development (EBRD) is supporting the privatisation of state-owned hydropower plants in Turkey with a $55 million loan to a subsidiary of Koc Holding.
Siemens Gamesa Renewable Energy has signed an agreement securing the right to implement up to 1 GW of wind power in Turkey.
Hamidreza Azimi, Deputy for Planning with Iran’s Thermal Power Plants Holding Company (TPPHC) said that the Japan International Cooperation Agency (JICA) is in negotiations to finance renovation of major power plants in Iran.
A new study published by the King Abdullah Petroleum Studies and Research Center (KAPSARC) has claimed that restructuring Saudi Arabia’s power generation sector, in conjunction with accompanying price reforms, has the potential to contribute an additional $4 billion to the Saudi economy.
GE Power has announced that it has signed an agreement with the Egyptian Electricity Transmission Company (EETC) for the extension of the Gabal El Zayt 22/220 kV Gas Insulated Substation, connecting an additional 120 MW of power to the national grid by the end of 2018.
The Iraqi Ministry of Electricity (MOE) has signed an agreement worth over $400 million with GE Power to develop substations on a turnkey basis and supply critical equipment such as transformers, circuit breakers, and other equipment to rehabilitate existing substations.
Musandam Independent Power Project (IPP), a 120 MW power plant supplied by Wärtsilä, has been inaugurated in northern Oman.