Energy

Dubai announces freeze on electricity and water tariffs

The Dubai Supreme Council of Energy, a government body that sets energy policy, has announced that it would be freezing utility tariffs in Dubai over the next few years.

Saudi Electricity partners with Showa Shell on solar plant

Saudi Electricity Co (SEC) and Showa Shell Sekiyu KK are jointly working on a 500 kW solar power plant in Saudi Arabia.

Phoenix Power to launch IPO for Sur project in 2014

Phoenix Power Company, the special purpose vehicle created for the construction of the Sur Independent Power Project (IPP), is looking at launching an IPO for the project in 2014.

Taqa posts 17 per cent increase in Q2 2011

Abu Dhabi National Energy Company PJSC (Taqa) Power and Water division posted a 17 per cent increase in revenue to hit? US$520 in Q2 2011.

ABB wins US$17mn Saudi order from Hanwha

ABB has won an order worth about US$17mn from Hanwha Engineering & Construction Corp. of Korea to extend an existing substation at the Yanbu power plant in Saudi Arabia.