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TAQA triples its 2030 gross power generation target
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TAQA triples its 2030 gross power generation target

Abu Dhabi National Energy Company PJSC (TAQA) reported its earnings for the period ending 30 September 2023 and unveiled revised growth targets in energy and water production sectors, with stake in Masdar raising renewables target; growing UAE transmis...

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OETC: Phase 1 of Oman’s interconnection power project complete
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OETC: Phase 1 of Oman’s interconnection power project complete

OETC’s first phase include five major grid stations that are interconnected to each other and the national grid. Spanning a total distance of 670 km and operating at voltages with a peak of 400 kV, each grid station cost approximately $64.94 million to...

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Egypt electric grid to get upgrade with EBRD $174 million loan
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Egypt electric grid to get upgrade with EBRD $174 million loan

Loan to finance upgrade of 500-kV substation (40% EBRD financing) and construction of the 200 km OHL (60% EBRD financing), project linked to the closing of gas-powered power plant (Shoubra El Kheima) under the NWFE initiative

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Saudi Eastern Region Gov inaugurates GCC-Iraq Electricity Platform
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Saudi Eastern Region Gov inaugurates GCC-Iraq Electricity Platform

GCC electrical interconnection project’s goal is to preserve energy security while enhancing integration among the GCC countries; platform opens opportunities for electricity exchange as the project continues to build infrastructure

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Kuwaiti fund plans 2nd loan for Gulf interconnection expansion project
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Kuwaiti fund plans 2nd loan for Gulf interconnection expansion project

KFAED proposed a second loan to finance the GEIEP, which will benefit both Kuwait and Iraq. France based construction and concessions company, Vinci is the implementing company. The Al-Wafrah station project is expected be complete by December 2024.

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Saudi Arabia and Jordan sign agreement for electricity interconnection project
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Saudi Arabia and Jordan sign agreement for electricity interconnection project

Saudi Arabia and Jordan signed a memorandum of understanding to develop a 164km electricity interconnection between Qurrayat in Saudi Arabia and the eastern part of Jordan's capital city Amman

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UAE merges energy and infrastructure ministries in reshuffle
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UAE merges energy and infrastructure ministries in reshuffle

Suhail al-Mazrouei, who has been serving as Minister of Energy & Industry since 2013, will be the minister for the newly established Ministry of Energy & Infrastructure Development

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Siemens wins contract to modernise UK high voltage link
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Siemens wins contract to modernise UK high voltage link

Siemens originally installed the HVDC Moyle interconnector, which connects Northern Ireland and Scotland, in 2001.

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Apicorp forecasts $792bn investment in Mena energy sector over next five years
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Apicorp forecasts $792bn investment in Mena energy sector over next five years

The Arab Petroleum Investments Corporation (Apicorp) estimates that planned and total investments in the Middle East and North Africa (Mena) energy sector will reach $792bn in the 2020-2024 period, marking a $173bn drop on the group’s last five-year fo...

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