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Mena countries plan $250bn power spendThe 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 projec More… |
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Saudi govt funds buy 19.4pc of power firmTwo Saudi government-owned funds have purchased a 19.4 percent stake in Saudi water and power project developer ACWA Power International, the company said. ACWA Power, formed in 2004 to bid for More… |
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Bahrain okays $600m loan deals for power projectsThe 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 More… |
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Schneider Electric, Areva clinch Iraq power dealsIraq 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 More… |
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ME ‘hot spot’ for massive power projectsThe 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 More… |
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Oman to privatise, invest in power projectsOman 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 More… |
