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Smart Grids have strong growth potential - Frost & Sullivan
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According a recent report by Frost & Sullivan, the GCC is expected to invest nearly US$73 billion in power generation and T&D projects and add 36 GW of generation capacity in the next five years.
Kuwait awards US$37.3mn transformer contract to EIC
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Electrical Industries Co. (EIC) was awarded a contract worth US$37.3mn to supply the Kuwaiti Ministry of Electricity and Water with oil-type distribution transformers.
Utico to manage utility projects worth US$4 billion
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Utico Middle East confirmed that it has won orders valued at over US$4 billion to manage utility projects across the GCC.
SEC awards transmission deal to KEC International
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Saudi Electricity Company (SEC) has awarded KEC International a US$881mn deal for supply and construction of transmission lines on turnkey basis, which is expected to be completed in 24 months.
Electricity consumption in the GCC to increase
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A Deloitte report entitled "Energy on Demand: The Future of GCC Energy Efficiency", shows that per capita electricity consumption during the period 2007-2035 in the GCC is likely to increase at an annual rate of 2.5 per cent.
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