August 22nd, 2019 | 0 commentsSaudi Arabia’s National Water Company (NWC) has invited nine local and international consortiums for the management, operation and maintenance of the Northwestern Water Sector that includes the Madinah and Tabuk regions. The company sent invitations to qualified international consortiums, to submit their offers so that it can choose the w...
August 22nd, 2019 | 0 commentsFitch Ratings has upgraded Kuwait Energy Long-Term Foreign-Currency Issuer Default Rating to 'B-' from 'CCC', with a stable outlook. The rating agency reflected the removal of the uncertainties regarding the repayment of $250 million bonds due 4 August this year, following the repayment of these bonds at maturity, according to a statement...
August 11th, 2019 | 0 commentsThe European Bank for Reconstruction and Development (EBRD) agreed to participate in a $252 million funding for West Bakr wind project in Egypt. The project will be also funded by the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, and the International Finance Corporation (IFC), accord...
August 9th, 2019 | 0 commentsLekela Power announced that it has reached financial close for West Bakr wind generation plant, its first wind project in Egypt. The project is expected to deliver 250 megawatt (MW) of clean energy, according to a statement released by the renewable power generation company on Thursday. Situated 30 kilometres north-west of Ras Ghareb, Wes...
July 31st, 2019 | 0 commentsFAS Energy, subsidiary of Saudi Arabia’s Fawaz Abdulaziz Alhokair Co, announced signing a memorandum of understanding (MoU) with the Egyptian Minister of Housing’s New Urban Communities Authority (NUCA) to develop a waste-to-energy project. Under the deal, the 100-megawatt (MW) power plant will be built with investments of more than $500...
July 30th, 2019 | 0 commentsCanal Co. For Electricity Distribution announced the completion of replacing, upgrading, expanding, and conducting maintenance at power distribution networks at a value of EGP 1.2 billion. Works included the establishment of new electric power distribution grids, replacing 14 electrical distributors, extending entry and exit cables along...
July 29th, 2019 | 0 commentsSaudi Arabia’s National Water Company (NWC) has finalised a total of 91 water and environmental projects during the first half of 2019, with a total value of SAR 3.2 billion, the Saudi Press Agency (SPA) reported. Mansour Abuthnain, vice president for Projects and Technical Services at NWC, said that these projects will serve up to one mi...
July 25th, 2019 | 0 commentsThe Dubai Electricity and Water Authority (DEWA) plans to build 68 new 132/11 kilovolt (kV) substations over the next three years, with total investments of AED 8 billion ($2.18 billion). The new project came in line with DEWA’s commitment to developing infrastructure to meet the growing power demand in the Emirate of Dubai, the Emirates...
July 23rd, 2019 | 0 commentsIndia’s CG Power and Industrial Solutions, part of New Delhi-based Avantha Group Company, has won a SAR 52.4 million ($14 million) contract to design and build a wind farm in Saudi Arabia, ConstructionWeek reported. The new high-voltage substation will connect Saudi Arabia’s national electricity transmission grid to Dumat Al Jandal wind f...
July 23rd, 2019 | 0 commentsA consortium comprising EDF Renewables and Abu Dhabi Future Energy Company (Masdar) announced the completion of financing for the $500 million Dumat Al Jandal wind project in Saudi Arabia, supported by Saudi and international banks, Emirates News Agency (WAM) reported. Earlier in January, the Saudi Renewable Energy Project Development Off...
