Power & Water

New era for renewable energy in the Gulf region


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The signing of the Shams 1 solar power project financing in the UAE last month has opened the way for a burgeoning in renewable energy in the Gulf, said Standard & Poor's Ratings Services in a new report.

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DEWA signs US$272mn worth of new contracts

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The Dubai Electricity and Water Authority (DEWA) signed five new contracts worth US$272mn for power and water projects that will support Dubai utility's infrastructure and also boost the efficiency of grids and networks to meet the growth and demand for its services.

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Oman to spend US$301mn to upgrade power grid

 

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Oman Electricity Transmission Company (OETC) is working hard on expanding the country's power transmission infrastructure and upgrading the national power grid to try and meet growing local energy demand.

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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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