The consumption of district cooling, which can reduce power consumption by up to 50 per cent, is on the rise in Dubai, say industry leaders.
Colfax Corporation, a global leader in fluid-handling solutions for critical applications, announced its Allweiler AG business unit will deliver a US$1.4mn fuel injection skid order through Siemens AG for use in gas turbines in Iraq. The skids will be used for power plant expansions in Kirkuk as well as new plants being built in Baiji and Baghdad. The first two skids will be completed in early 2011. The Iraqi Ministry of Electricity has ordered an additional five and has options to purchase three more.
Saudi Electricity has posted a 50 per cent rise in second-quarter net profit thanks to lower costs and higher revenues with further gains expected after a rise in power tariffs for some users. The Gulfs largest utility by market value made US$285.3mn in the three months to the end of June compared with US$191mn riyals a year earlier, according to a statement to the Saudi bourse. This figure is 13 per cent higher than analysts forecasts.
Siemens Energy has secured a US$130mn order to supply gas turbine packages to Saudi Arabia. The components are to be installed in the Hail Extension II and Al Qurayat Expansion II power plants. The purchasers are the Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) respectively and they will perform the project on a turnkey basis for the Saudi Electric Company (SEC) utility. Delivery of the components is scheduled for 2010 and 2011.