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.
South Korean companies will bid to take part in Saudi Arabia’s project to build nuclear plants, according to an official from Korea Hydro and Nuclear Power (KHNP).
The Saudi Electricity Company (SEC) and GE Power have signed two technical agreements to promote R&D for the power sector in Saudi Arabia.
Norway’s Saga Energy has signed a $2.9 billion deal to build solar power plants in Iran.
Iran’s electricity exports rose nearly 25 per cent in the first six months of the current fiscal year (March to September) compared to the same period a year ago, according to Houshang Falahtian, Iran’s Deputy Energy Minister.
Siemens Gamesa Renewable Energy (SGRE) has inaugurated its new wind turbine rotor blade factory in Tangier, Morocco, the first blade plant of a wind turbine manufacturer in Africa and the Middle East.
Implementation of the Joint Comprehensive Plan of Action (JCPOA, or the nuclear deal) appears to have paved the way for foreign investment to help Iran upgrade its power sector.
General construction work has started on the Akkuyu nuclear power plant site in Turkey.
Saudi Arabia has said that it will launch a tender process for its first nuclear reactors in October, and will reach out to potential vendors from countries including France, South Korea, and China.