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TAQA issues $215m sukuk (Arab News - 27/02/2012)

Abu Dhabi National Energy Company (TAQA) said Sunday it has successfully completed a $215 million sukuk issuance as part of its MYR3.5 billion sukuk program established in November 2011. The issue saw strong interest from a well-diversified group of top
Abu Dhabi’s Taqa Raises 650 Mln Ringgit From Sukuk Sale in Malaysia (Bloomberg - 26/02/2012)

Abu Dhabi National Energy Co. (TAQA), the utility known as Taqa, said it raised 650 million ringgit ($215 million) from the sale of Islamic bonds. The 10-year sukuk was sold at a profit rate of 4.65 percent, the company said in a statement to the Abu
Taqa completes successful issuance of MYR650m Sukuk (AME Info - 26/02/2012)

Abu Dhabi National Energy Company PJSC (Taqa), the global integrated energy company announced that it has successfully completed a MYR650m Sukuk (c.$215m) issuance, as part of its MYR3.5bn Sukuk programme established in November 2011. The issue saw
SEC eyes Malaysian power assets (Reuters - 26/02/2012)

Saudi Water & Electricity Company (SEC) has emerged as the highest bidder for the power assets of Malaysian tycoon Ananda Krishnan estimated to be worth over $3 billion, the Star newspaper reported Saturday, citing unidentified sources. Krishnan’s sale
SEC signs SR480m Jeddah transformer contract (Arab News - 19/02/2012)

Saudi Electricity Company on Saturday signed an SR480 million contract to establish a transformer in the Western Province as part of its efforts to meet the growing demand for electricity. Ali S. Al-Barrak, CEO of the company, said the new transformer
Taqa still buying despite tax bills (The National - 17/02/2012)

Abu Dhabi National Energy Company (Taqa), a state-controlled investor, continues to buy UK assets despite a big hit by additional taxes levied on oil and gas operations by the British government. Taqa Bratani, the investment company's UK subsidiary, has
QEWC profit rises 11% to QR1.33bn in 2011 (Gulf Times - 17/02/2012)

Qatar Electricity and Water (QEWC) has reported an 11% rise in 2011 net profit to QR1.33bn mainly on the back of higher sales and financial investments. The company has recommended 65% cash dividend to be approved by shareholders at an annual general
Taqa full-year income falls by 26% (The National - 15/02/2012)

Abu Dhabi National Energy Company (Taqa) reported that its full-year net profit fell by more than a quarter, as the state-owned investor was hit by a one-off charge and higher taxes on its UK assets. Net income fell by 26 per cent compared with a year
Taqa profit falls on asset revaluation (Khaleej Times - 15/02/2012)

Abu Dhabi National Energy Company, or Taqa, said its annual profit plunged 26 per cent to Dh752 million due to revaluation of its one-off impairment charge at its subsidiary unit Taqa North. However, the diversified energy company witnessed a 14 per cent
SR33bn for power projects in Makkah region (Arab News - 14/02/2012)

The Saudi Electricity Company is currently executing projects worth more than SR33 billion in Makkah region, its CEO Ali Al-Barrak said Monday. He was briefing Makkah Gov. Prince Khaled Al-Faisal on the company’s achievements. The CEO said more than SR12
Reliable and continuous power supply is our aim, says SECO chief (Arab News - 13/02/2012)

Saudi Electricity Company President and CEO Ali S. Al-Barrak estimates that more than SR450 billion ($120 billion) of capital investment will be required over the next 10 years. In an exclusive interview , he says SR131.25 billion ($35 billion) would be
SMN Power declares first results since IPO (Oman Daily Observer - 11/02/2012)

Announcing its first financial results since its listing on the Muscat Securities Market (MSM), following its Initial Public Offering (IPO) last October, SMN Power Holding SAOG reported a net profit of RO 3.836 million for the 12 months ended December
QEWC eyes overseas growth with Jordan power firm stake (Gulf Times - 09/02/2012)

Qatar Electricity & Water Company (QEWC), one of the largest share holding companies in the country, has acquired the 38.9% stake held by a Bahrain-based infrastructure fund in Jordan’s AES Oasis Limited, a leading company engaged in the utilities
German skills boost for Saudi Electricity staff (Arab News - 09/02/2012)

Eight selected engineers of Saudi Electricity Company (SEC) will commence training at Siemens in Germany as part of an Expert Development Program, with the aim of expanding their know-how in the fields of energy and grid technology. Training officially
Saudi Electricity plans new oil fired power plant in Jeddah (Reuters - 09/02/2012)

Saudi Electricity Co (SEC) plans to build a new oil fired power plant in Jeddah over the next four years, two industry sources said. The 2,400-megawatt (MW), heavy fuel oil burning plant is expected to be completed by 2016 and will be called Jeddah
ABB wins $250m power orders from SEC (Arab News - 02/02/2012)

ABB, a leading power and automation technology group, has won orders worth more than $250 million from the Saudi Electricity Company (SEC) to construct new substations and reinforce existing ones, to help address the growing demand for electricity. The
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