The Middle East and North African (Mena) countries are expected to pump nearly $250 billion into power projects over the next five years to expand generation capacity and meet the growing domestic demand, a report said.
The Shura Council has approved four new $600 million (BD226.8 million) loan deals with three GCC countries to help with new electricity projects in Bahrain.
Councillors backed Bahrain's move to get the loans from the Abu Dhabi Developm
Iraq signed deals worth $52 million with France's Schneider Electric and Areva to build 15 power distribution stations in the southern oil hub of Basra, a government official said.
Schneider Electric, has won a $29 million contract to buil
The coming two decades are expected to see the biggest ever expansion of power generation capacity in the Arabian Gulf countries with the coming year seen as a turning point, according to industry experts.
“With the economic climate changi
Oman will privatise existing power stations and invest 3 billion rials ($7.8 billion) in new projects in a bid to boost the economy and narrow the budget deficit as electricity demand grows, officials told Reuters.
Urbanisation and years o