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.
Middle east countries are embarking on a massive power and electricity investment programme over the next five years to significantly expand the region's power generation and secure stable power supplies for the future.
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