While the demand for power in the MENA region is expected to double by 2030, financing remains a problem according to a new report published by the London-based Middle East Association. Alan Mackie, the editor of the Middle East Business Focus 2010, highlights how the latest projections indicate that demand in the Middle East and North Africa (MENA) will necessitate the installation of at least another 250GW of new capacity.
p>While the demand for power in the MENA region is expected to double by 2030, financing remains a problem according to a new report published by the London-based Middle East Association. Alan Mackie, the editor of the Middle East Business Focus 2010, highlights how the latest projections indicate that demand in the Middle East and North Africa (MENA) will necessitate the installation of at least another 250GW of new capacity.Energy
US$8.3m Gulf Interconnection Grid service deal signed
Power and automation technology group, ABB, has signed a service contract with the Gulf Cooperation Council Interconnection Authority (GCCIA) to provide maintenance for equipment and systems at the Gulf Interconnection Grids newly constructed substations. The two-year contract is worth US$8.3mn and will aim to optimise the grids reliability through regular maintenance and provide technical and emergency assistance when required.
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US$1.7 billion power plant contract awarded by Oman
Oman has awarded Frances GDF Suez a US$1.7 billion contract to build two power plants. A tender board official told Reuters, ?GDF Suez has signed a 15-year contract with the government in a BOOT (build, own, operate and transfer) model for which the company will spend 700 million rials."
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