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Mubadala, GE Capital acquires stake in United Power

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Mubadala GE Capital has acquired a 16 per cent stake in an Omani power generation company, United Power.

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Iraq imports 550 MW from neighbouring countries

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The Iraqi Ministry of Electricity announced that the country is currently importing 550 MW from neighbouring countries.

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SEC will spend US$1 billion in 2011

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Saudi Electricity Co. (SEC), the largest listed utility in the Gulf region, said it plans to invest US$1.01 billion in 2011 and add 309,000 new customers as electricity demand in the country continues to rise.

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ABB awarded US$140mn Qatar substations deal

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ABB won a contract worth around US$140 million from the Qatar General Electricity and Water Corporation (Kahramaa), to build four new transmission substations and upgrade four existing substations.

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Middle East to spend US$117 million on power generation in 2011-2014

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Middle east countries are embarking on a massive power and electricity investment programme over the next five years to significantly expand the region's power generation and secure stable power supplies for the future.

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