Vision Electro Mechanical Company, a subsidiary of Saudi based Construction Products Holding Company (CPC), plans to construct a 130KW solar power plant in the Kingdom's Bahra region in alliance with California-based SolFocus.
Egypt is in the process of expanding the country's power capabilities by building new power plants and is taking the first step to the creation of an Egyptian Electricity Market which would be a first for the region.
Syria has awarded Ansaldo Energia, a unit of Italy's Finmecannica, and Greece's Metka, part of Mytilineos Holdings, to build a $973mn power generating plant in the country.
Saudi Electricity Company (SEC) has signed a new deal worth US$3.4bn with South Korea's Doosan Heavy Industries and Construction to build a 2,555 MW power plant at Rabigh.
Abu Dhabi will commission a 1,500 MW power plant in 2011. Building of the Shuwaihat-2 power plant will be followed up with the construction of a 1,600 MW power plant in the same area towards the end of 2011. The second power plant will reportedly cost around US$1.5 billion to build, and bids for the project are already being evaluated.
Alain Charles Middle East FZ-LLC
Office 112, Loft No 2B,
Dubai Media City,
T: +971 (0) 4 448 9260