A new report shows that for every megawatt-hour of power not supplied to key industries in the Gulf Cooperation Council (GCC) approximately US$700,000 is lost in revenue, with a corresponding drop in GDP.
Energy
GE wins SEC turbine contract worth nearly US$300mn
GE signed contracts totaling almost US$300mn with the Saudi Electricity Company (SEC) to supply 13 gas turbines and associated services for the expansion of six power plants at various locations across the country.
UAE signs cooperation framework with IAEA
The UAE signed its Country Profile Framework with the International Atomic Energy Agency that cements its cooperation with the Agency.
ABB wins US$24mn Saudi order
ABB has won an order worth US$24mn from the Saudi Electricity Company (SEC) for the installation of a static var compensator (SVC) which will provide reactive power support to mitigate voltage instabilities and help prevent black-outs.
New Battery Voltage Monitor from Megger
The Megger BVM is a battery voltage measurement device that is used for the capacity testing of large, industrial battery banks commonly found in electrical power sub-stations, telecom facilities and computer data center UPS systems.