Kuwait grants Lebanon US$85 million loan to rehabilitate power plants
Kuwait has granted Lebanon a US$85mn loan to upgrade and rehabilitate the Zouk and Jiyyeh power plants as part of efforts to overhaul the Levant countrys ailing electricity sector
Energy
Saudi Arabia's biggest solar project completed
China?s Suntech Power Holdings has announced the completion of construction work on Saudi Arabias largest solar power facility
GCC has 'potential for 25GW of green energy by 2020'
As power demand across the GCC is likely to double by 2020 to 215GW, the potential exists for member states to generate at least 25GW of its energy from renewable sources by the end of the decade, according to a report by Frost & Sullivan
TAQA finalises US$330 million financing for Ghana plant
Abu Dhabi National Energy Company (TAQA) and partner Volta River Authority (VRA) have announced the completion of US$330mn financing for the expansion of Ghana?s Takoradi 2 power facility
Oil price driving alternate energy in Middle East and North Africa
The renewable energy units of First Solar Inc (FSLR) and Abengoa SA (ABG) are targeting the Middle East and North Africa as utilities seek to cut reliance on burning oil and natural gas from power plants
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