Pakistani Federal Minister for Water and Power, Syed Naveed Qamar has said that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified in order for investors to reach the target.
Saudi Arabia needs to pursue large scale projects to expand its electricity production capacity if it is to meet its fast growing power demand, the Gulf Kingdom’s largest bank, National Commercial Bank (NCB), has said.
GE has signed contracts worth $300 million with the Saudi Electricity Co. (SEC) to supply 13 gas turbines and associated services for the expansion of six power plants across the country. The expansions will add nearly 800 MWs of power to the Saudi grid by the summer of 2013, timed to support peak electricity demands.
Iran is considering making investments into Kenya’s growing energy sector.
At a conference hosted by Israel’s branch of CIGRE, the International Council on Large Electric Systems, there were discussions on developing by 2020 a €5-6 billion electrical super-grid running from Spain, into northern Africa, to the eastern Mediterranean, and then back into Europe via Turkey.
Iraq’s cabinet has approved deals with South Korea’s Hyundai Engineering Company and Greece’s Metka to build power plants in the southern oil hub of Basra.
Nigeria will require a regular capital investment of NGN520 billion ($3.4 billion) to increase its electricity generating capacity from the current level of 4.2GW to 13GW by 2013, according to Nigerian Minister of Power, Prof Bart Nnaji.
In order to match its growing demand the UAE will achieve nearly 40 per cent growth in its electricity generation by 2020, according to the UAE Power Report from Business Monitor International (BMI).
The Saudi Arabian government has announced that it has signed a nuclear energy cooperation deal with Argentina.
Overall power generation in developed nations rose 3.7 per cent last year, according to an International Energy Agency (IEA) report. This largely made up for the 3.8 per cent decrease in 2009, as power demand recovered from the global recession.