Power Plant | Egypt Oil & Gas - Part 5
Eskom Links Last Units to South Africa’s Grid
Eskom boasted a milestone in its efforts to overcome South Africa’s chronic electricity shortages, saying it had linked the last of four units at its new Ingula hydro-electric power plant to the grid, reported Reuters...
Chinese Companies to Build Hydro Plant In Congo
After years of negotiations, Chinese companies Sinohydro Corp. and China Railway Group Ltd. have agreed to finance a 240MW, $660 million hydro-power plant in Democratic Republic of Congo’s Katanga province that will m...
Petrobras Kicks Off Sale of Non-Essential Assets
Brazil’s Petrobras, the world’s most indebted oil firm, which aims to divest about $15b in non-essential assets by the end of the year in a bid to cut some of the company’s $130b debt burden, has kic...
Egypt Speeds Up Siemens’ Power Plants Project
Egypt’s strategic plan to speed up the process of executing the Siemens deal by constructing three almost identical power plants in Beni Suef, New Capital, and Burullus is successfully delivering the intended results,...
Turkey’s Unit International to Build Iran Power Plants
Turkish energy company Unit International has reached a $4.2b deal with the Iranian Energy Ministry to build seven natural gas power plants in Iran, in what it said was the biggest investment in Iran since the lifting...
Saudi Electricity Co Starts Up Jeddah Power Plant
State-controlled Saudi Electricity Co (SEC) has started up part of its new 2,640MW Jeddah South power plant and linked it to the grid, in order ti face the growing electricity demand from the western region particular...
Iran to Build Wind Farm in Kazakhstan
Iran has signed an agreement with Kazakhstan towards building a 50MW wind power plant in the west of Kazakhstan, near the country’s Caspian Sea shores, Trade Arabia reported. The deal was sealed between IranR...
Saudi Arabia Signs $900m KEXIM-Backed Loan for Power Plant
Saudi Electricity Co (SEC) –the largest utility company in Saudi Arabia– signed a $900m loan agreement with the Export-Import Bank of Korea (KEXIM) among other international lenders, to help finance the construction o...
