The Saudi Electric Company (SEC) has signed a US$366mn loan agreement with three Japanese banks to aid with the construction of a 2,650 MW power plant in Jeddah
Power Generation
Kuwait's Az-Zour North Power and Desalination project receives US$1.4 billion funding
A consortium of local and international banks in Kuwait have agreed to provide financial aid of up to US$1.4bn for the upcoming Az-Zour North Power and Desalination plant project in the country
Alstom and Arabian Bemco to set up manufacturing facility in Saudi Arabia
France?s Alstom and Arabian Bemco Contracting have signed a joint venture agreement to set up a power generation components manufacturing facility in Saudi Arabia, which will serve as its hub in the Middle East
Utico to set up coal-fired power plant in Namibia
UAE-based Utico Middle East has signed an agreement with the business unit of the Okakarara Town Council in Namibia to develop a coal-fired power plant with a capacity to produce up to 300 MW of power
GE awarded US$700 million contract by Saudi Electricity Company
GE has signed a contract with Saudi Electricity Company (SEC) worth almost US$700mn, under which the company will bring additional F-class combined cycle gas turbines and associated equipment and services to Saudi Arabia