Iraqs cabinet has approved projects to build two power stations in southern Iraq with investments of more than US$656mn.
Energy
DEWA power plant bidders offered US$200mn finance
UAE banking group Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for state utility Dubai Electricity and Water Authority (DEWA), an Emirates NBD statement said earlier this week.
Dubai plans for huge solar power project
Dubai is poised to unveil a big solar power plant as part of a push to get five per cent of its electricity from renewable sources by 2030, Saeed Mohammed Al-Tayer, vice chairman of Dubais Supreme Council of Energy, said.
Jacobs clinches Marafiq's Yanbu power and water contract
Jacobs Engineering Group received a contract from Saudi Arabian utility company, Marafiq, for the provision of project management consultancy (PMC) services at Marafiqs new integrated power and water facility in Yanbu, Saudi Arabia.
ASRY-Centrax joint venture offers barge mounted power
The Bahrain based Arab Shipbuilding & Repair Yard Marketing Services Company (ASRY) and the British power generation packaging specialist Centrax Ltd. have formed a joint venture company, ASRY-CENTRAX Ltd.