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Saudi Electricity starts up Jeddah South power plant (Saudi Gazette - 18/05/2016)

Saudi Electricity Co (SEC) has started up part of its new 2,640 megawatt (MW) Jeddah South power plant and linked it to the grid, the company said on Tuesday. The project will help meet growing electricity demand from the western region particularly for

Saudi Electricity signs $900m loan for power plant (Trade Arabia - 16/05/2016)

Saudi Electricity Co (SEC) signed a $900 million loan agreement with the Export-Import Bank of Korea (Kexim) and other international lenders to help finance Shuqaiq power plant's construction, the utility said on Sunday. The facility has a 13.25-year

ACWA obtains largest power project in Oman (Saudi Gazette - 16/05/2016)

Oman Power and Water Procurement Company SAOC (OPWP) announced that a consortium led by Mitsui & Co., Ltd., ACWA Power, and Dhofar International Development and Investment Holding Co. SAOG (DIDIC) has been awarded the 3,219 MW Ibri Sohar-3 power

Abu Dhabi's Taqa swings to Q1 net loss (Reuters - 11/05/2016)

Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, swung to a first-quarter net loss. Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, swung to a first-quarter net loss, it said on

Abu Dhabi’s Taqa considering bond issue, sources say (Gulfnews - 10/05/2016)

Abu Dhabi National Energy Company (Taqa) is the latest entity from the region considering an international bond, according to several sources. The company sent an RFP to banks recently, which was due on May 8. If Taqa issues, it would follow in the

Saudi Electricity breakup plan under review (Reuters - 09/05/2016)

Authorities in Saudi Arabia are reviewing the plan to split up Saudi Electricity Company (SEC) into four parts, as part of a drive to further privatising infrastructure in the Kingdom. This review could result in the original plan being revised, or a new

Restructuring drive to benefit SEC (Arab News - 09/05/2016)

Saudi Arabia is reviewing its plan to break up Saudi Electricity Co. (SEC) into four parts as part of a drive to further privatize the utility, according to sources aware of the matter. The review, being conducted by consultants and advisers to the

Taqa denies selling its oil and gas assets (Gulf News - 04/05/2016)

Abu Dhabi National Energy Company (Taqa) said on Wednesday that it is not engaged in discussions with any entity to sell its oil and gas assets. The company did not give any further details in a statement on Abu Dhabi Stock Exchange. Reuters reported on

Abu Dhabi's Taqa mulls hiving off oil, gas assets (Khaleej Times - 03/05/2016)

Abu Dhabi National Energy, or Taqa, is considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity as it focuses on its core business of power generation and water production, sources told Reuters. According to

Taqa mulls selling off overseas oil, gas assets (Trade Arabia - 02/05/2016)

Abu Dhabi National Energy Co is considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity as it focuses on its core business of power generation and water production, sources told Reuters. According to Taqa's

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