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The Dubai Electricity and Water Authority (DEWA) signed five new contracts worth US$272mn for power and water projects that will support Dubai utility's infrastructure and also boost the efficiency of grids and networks to meet the growth and demand for its services.
Mubadala GE Capital has acquired a 16 per cent stake in an Omani power generation company, United Power.
The Iraqi Ministry of Electricity announced that the country is currently importing 550 MW from neighbouring countries.
Saudi Electricity Co. (SEC), the largest listed utility in the Gulf region, said it plans to invest US$1.01 billion in 2011 and add 309,000 new customers as electricity demand in the country continues to rise.
ABB won a contract worth around US$140 million from the Qatar General Electricity and Water Corporation (Kahramaa), to build four new transmission substations and upgrade four existing substations.