Power Generation

Another step forward for Saudi Arabia's power sector

Another step forward for Saudi Arabia's power sector

Saudi Electricity Company (SEC) has signed a new deal worth SR12.75 billion (US$3.4 billion) with South Korea's Doosan Heavy Industries and Construction to build a 2,555 megawatt (MW) power plant at Rabigh.

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South Korean firms expanding in Abu Dhabi

South Korean firms expanding in Abu Dhabi

South Korean firms are looking to increase their hold on Abu Dhabi's industrial sector, reports The National.

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US$1.5 billion power project contract awarded

Image source: Siemens

Abu Dhabi Water and Electricity Authority (ADWEA) has awarded Korea Electric Power Corp (KEPCO) and Sumitomo Corp. the contract for a US$1.5 billion power project in the UAE. The companies will sign the final agreement by February 2011 after raising funds through project financing. The project consists of a 1,600MW gas-fired power plant, to be built in Shuweihat, 260 km west of the capital Abu Dhabi, and scheduled for commercial operation in March 2014, according to KEPCO.

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Jordan close to US nuclear deal

Jordan close to US nuclear deal

Jordan has said that it expects to reach a compromise with Washington on its nuclear power plants by the end of 2010, paving the way for the award of a reactor construction contract several months later, reports The National.

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UAE nuclear reactor project 'to start in December'



A Korean-led consortium plans to launch a US$20 billion project in December to build four nuclear reactors in the UAE, the state-run power supplier said recently. Last December, the consortium led by state-run Korea Electric Power Corp. (KEPCO) won the landmark deal, the first international contract for the Asian nation's nuclear industry.

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