The project will sell its electricity production to SEWA under a 25-year power purchase agreement (PPA). (Image source: GE EFS)
GE Energy Financial Services (GE EFS) and Japan?s Sumitomo Corporation have secured project financing of US$1bn from a consortium of banks and Japan Bank for International Cooperation (JBIC) to develop the 1.8 GW power project, Hamriyah Independent Power Company in Sharjah, UAE
ACWA Power is confident that these partnerships will open new doors of collaboration on future and grander projects. (Image source: ACWA Power)
Saudi Arabia?s ACWA Power has signed strategic agreements with three Chinese entities on the sidelines of the second Belt and Road Forum for International Cooperation (BRF)
This project has been completed with over 20mn safe man hours without lost time injury. (Image source: DEWA)
HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance, and president of Dubai Electricity and Water Authority (DEWA), inaugurated the extension project of M-Station in Jebel Ali, adding 700MW, thus making it the largest power and desalination plant in the UAE
IEA executive director Fatih Birol meets Iraq?s President Barham Salih in Baghdad to present the study?s findings and recommendations. (Image source IEA)
Iraq?s electricity demand is set to double by 2030, and its shortfall in electricity supply will widen as the country?s population grows by more than one million people each year, according to an International Energy Agency (IEA) report
APICORP research has shown that power projects currently make up 36 per cent of the region?s total investment as demand for electricity rises. (Image source: David Mark/Pixabay)
Planned and committed energy investments will amount to US$1 trillion in the MENA region over the next five years, according to the Arab Petroleum Investments Corporation (APICORP), a multilateral development bank
