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Power Generation

GE has signed contracts totaling US$300mn to supply six gas turbines and associated services to the Egyptian Electricity Holding Company for two new combined-cycle power plants near Cairo that will support Egypts rapidly growing energy needs.

The first nuclear power plant in Saudi Arabia will be ready by 2020 but it will take longer to become fully operational and add capacity to the kingdoms over-stretched grid.

UAE banking group Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for state utility Dubai Electricity and Water Authority (DEWA), an Emirates NBD statement said earlier this week.

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