Mena needs to invest $250 billion in power sector
The Middle East and North Africa (Mena) region will need to pump $250 billion into its power sector in the...
Power & Electricity
Saipem negotiating $1bn Iraq contract
The Chief Executive Officer of Italy’s Saipem has said that the company is negotiating a contract worth around $1 billion...
Siemens secures $110 million substation deal in Abu Dhabi
Siemens announced that it has signed a Dh400 million ($110 million) contract to build a new substation in Abu Dhabi...
Arab power grid gains momentum
A power grid to interconnect power production, transmission and distribution in the Arab World could become a reality if governments...
US First Solar to build the first phase of the $3.3 billion Dubai solar park
The Dubai Electricity and Water Authority ( DEWA ) has granted a contract to the US-based First Solar to build...
ABB wins $20 million order in Saudi Arabia
ABB has won an order worth over $20 million for high-voltage gas-insulated switchgear (GIS) from SSEM (Saudi Services For Electro...
Iraq targets 20,000 megawatts electricity
The Electricity Minister disclosed that Iraq is attempting to reach production levels of 20,000 megawatts of electricity by developing the...
Saudi Electricity Company posts $768 million profit
The Saudi Electricity Company (SEC) has posted a 32 percent rise in third-quarter net profit, beating analyst forecasts. The utility...
Dubai's Dewa awards $562 million maintenance contract to SIEMENS
The State-owned utility Dubai Electricity and Water Authority (DEWA) announced that it has awarded a US$ 562.1 million maintenance contract...
Hyundai to build $3.2 billion Saudi power plant
South Korea's Hyundai Heavy Industries said it had won a $3.2 billion order to build a thermal power plant in...
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