Energy

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.

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.

Colfax Corporation, a global leader in fluid-handling solutions for critical applications, announced its Allweiler AG business unit will deliver a US$1.4mn fuel injection skid order through Siemens AG for use in gas turbines in Iraq. The skids will be used for power plant expansions in Kirkuk as well as new plants being built in Baiji and Baghdad. The first two skids will be completed in early 2011. The Iraqi Ministry of Electricity has ordered an additional five and has options to purchase three more.

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 nations nuclear industry.