Iraq has awarded a US$125mn contract to a Saudi Arabian company to build a power plant with a total capacity of 150 MW in the southern city of Basra.
Saudi Electricity Company (SEC) has awarded contracts to local contractors to reinforce two existing power plants in the kingdom.
Oman Electricity Transmission Company (OETC) is working hard on expanding the countrys power transmission infrastructure and upgrading the national power grid to try and meet growing local energy demand.
Dubai Electricity and Water Authority (DEWA) introduced a new tariff structure for residential and commercial consumers that became effective on 1st January 2011.
Iraq asked investors to compete to build four power plants and help the country meet burgeoning electricity demands, promising a healthy profit for the winners.