GE has signed contracts totaling US$300mn to supply six gas turbines and associated services to the Egyptian Electricity Holding Company for two new combined-cycle power plants near Cairo that will support Egypts rapidly growing energy needs.
Energy
Saudi's first nuclear plant to be ready by 2020
The first nuclear power plant in Saudi Arabia will be ready by 2020 but it will take longer to become fully operational and add capacity to the kingdoms over-stretched grid.
Iraq approves two power plants worth US$656mn
Iraqs cabinet has approved projects to build two power stations in southern Iraq with investments of more than US$656mn.
DEWA power plant bidders offered US$200mn finance
UAE banking group Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for state utility Dubai Electricity and Water Authority (DEWA), an Emirates NBD statement said earlier this week.
Dubai plans for huge solar power project
Dubai is poised to unveil a big solar power plant as part of a push to get five per cent of its electricity from renewable sources by 2030, Saeed Mohammed Al-Tayer, vice chairman of Dubais Supreme Council of Energy, said.