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Taqa swings to profit after record loss in 2016
(Trade Arabia - 09/02/2018)

Abu Dhabi National Energy Company (Taqa) has registered a Dh171 million ($46.5 million) net profit in 2017 compared to a Dh19 billion ($5.2 billion) loss the previous year, primarily on the back of higher commodity prices that benefitted the oil and gas

Saudi fund nears deal to buy key stake in Acwa Power
(Trade Arabia - 07/02/2018)

Saudi Arabia’s sovereign wealth fund is nearing an agreement to buy about a 10 per cent stake in Acwa Power International ahead of an initial public offering by the Riyadh-based energy producer, said a report.<br/><br/> The Public Investment Fund (PIF)

Acwa wins Saudi's first utility scale renewable energy project
(Trade Arabia - 07/02/2018)

Saudi-based Acwa Power, a global leader in developing, constructing and operating power generation and desalination water plants in 11 countries, has won the contract to develop the first utility scale renewable energy plant in Saudi Arabia at an

SEC goes digital with power bill distribution
(Trade Arabia - 02/02/2018)

The Saudi Electricity Company (SEC) said it has already suspended the distribution of the paper bills to the subscribers' homes. Any subscriber can know the value and details of the electricity consumption bill by checking SEC’s digital channels for few

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