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Energy

Sonelgaz signed MoU to cooperate with the European Desertec consortium that plans to harness solar energy and other renewables in the MENA region.

Sonelgaz, Algerias national power and gas utility, has signed a memorandum of understanding(MoU) to cooperate with the European Desertec consortium that plans to harness solar energy and other renewables in the MENA region.

A new report shows that for every megawatt-hour of power not supplied to key industries in the GCC, approximately US$700,000 is lost in revenue, with a corresponding drop in GDP.

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.

GE signed contracts totaling almost US$300 million with the Saudi Electricity Company (SEC) to supply 13 gas turbines.

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.

ABB has won an order worth US$24 million from the SEC.

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.

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