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Saudi SEC looking to complete restructuring by January 2014 (Gulf Times - 31/05/2012)

Saudi Electricity Co (SEC) aims to complete its restructuring by January 2014, as the largest-listed utility in the Gulf region prepares to invest $100bn over the next 10 years to almost double its power generation capacity, the firm’s chief executive

SEC's Riyadh Power Plant wins new award (Arab News - 25/05/2012)

MEED Quality Awards for Projects 2012, in association with Ernst & Young, has announced the winners of its annual search for the region's best projects. Saudi Arabia was one of the evening's big winners with Saudi Electricity Company's (SEC's) Riyadh

Taqa, Turkish Energy Ministry agree to form joint committee (AME Info - 22/05/2012)

A delegation from Abu Dhabi National Energy Company PJSC (Taqa) has made a formal visit to Turkey to discuss ways of developing the relationship between Abu Dhabi and Turkey and to identify investment opportunities in Turkey's energy sector. The Taqa

Bemco wins $1.3bn Saudi plant contract (Reuters - 19/05/2012)

Arabian Bemco Contracting Company (Bemco) has won a SR4.7 billion ($1.25 billion) contract from Saudi Electricity Company (SEC) to build a power plant outside the capital Riyadh, an industry source familiar with the project said. SEC, a state-owned

SEC signs $1.3bn deal for Riyadh plant (Reuters - 16/05/2012)

Saudi Electricity Company (SEC) signed a contract worth 4.7 billion riyals ($1.25 billion) on Wednesday to build a power plant outside the capital Riyadh, the company said. The plant with a capacity of 2,175 megawatts is to be built in 36 months in an

KSA eyes $107b investment in power projects (Reuters - 15/05/2012)

Saudi Arabia has revised up its estimates for the amount it will invest in power projects over the next decade to more than SR400 billion ($106.6 billion) from SR300 billion, its deputy electricity minister said. “Some time (ago) we announced SR300

Strong oil prices, assets sale boost Taqa profits (Khaleej Times - 11/05/2012)

Abu Dhabi National Energy Company or Taqa’s earnings jumped 251 per cent year-on-year to Dh534 million in the first quarter on higher revenues and sale of North American assets. Profit before tax was 46 per cent higher to Dh1.4 billion in the period, as

Dutch go-ahead for Taqa gas project (The National - 03/05/2012)

A Dutch court has given a US$1.1 billion (Dh4.04bn) Abu Dhabi-backed gas project the green light, calling environmentalist concerns "unfounded". The ruling, issued by the Council of State in the The Hague, allows Abu Dhabi National Energy Company, known

Taqa to start work on Dutch gas project (Reuters - 02/05/2012)

Abu Dhabi National Energy Company (Taqa) will begin work on the delayed Dutch Bergermeer gas project in July after winning approval from the country's highest administrative court to start operations, it said on Wednesday. The joint venture project with

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