Mubadala, GE Capital acquires stake in United Power
Mubadala GE Capital has acquired a 16 per cent stake in an Omani power generation company, United Power.
Energy
Iraq imports 550 MW from neighbouring countries
The Iraqi Ministry of Electricity announced that the country is currently importing 550 MW from neighbouring countries.
SEC will spend US$1 billion in 2011
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.
Electricity costs double in 3 years
Dubai Electricity and Water Authority (DEWA) introduced a new tariff structure for residential and commercial consumers that became effective on 1st January 2011.
ABB awarded US$140mn Qatar substations deal
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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