Saudi Electricity posts $683 million profit in 2012
Saudi Electricity Company (SEC) posted a net profit of SR 2.56 billion in 2012, compared to SR 2.21 billion in...
Power & Electricity
Iraq to achieve electricity self-sufficiency by end 2013
Electricity minister Kareem al-Jumaily announced that Iraq will achieve electricity self-sufficiency at the end of this year, except the problem...
$300 million solar and wind projects in Jordan
Jordan is set to receive $300 million from the Gulf states to boost investment in renewable energy, officials say, as...
HSBC to fund Lebanon’s Zouk and Jiyeh power plants rehabilitation
HSBC Bank won a tender to carry out maintenance work at Zouk and Jiyeh power plants instead of providing the...
Saudi Arabia awards $346 million power contracts
Saudi Electricity Company (SEC) plans to set up three transformer stations across the country at a cost of SR1.3 billion...
Jordan receives funding for 250MW power plant agreement
A US firm is set to break ground on a 250-megawatt (MW) power plant in Jordan next month, thanks to...
Samsung says consortium wins $3 billion Saudi Arabia order
Samsung Engineering Co Ltd said its consortium with China's Shanghai Electric and Saudi Arabia's Al Toukhi was awarded a $3...
Iran to build 163MW Plant in Iraq
Iran is ready to construct a power plant, named Heidariya, in Iraq with a capacity to generate 163 megawatts (MW)...
Qatar to invest up to $20 billion in solar energy plant
OPEC member Qatar will ask firms to tender for a 1,800 megawatt (MW) solar energy plant in 2014 costing between...
Qatar unveils plans to cut power and water use
The Qatar General Electricity and Water Corporation (Kahramaa) announced an ambitious plan to reduce electricity consumption in the country by...
The resource of credible, industry-specific updates