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Power

New projects

Renewables

Saudi Arabia invites bids for first major renewables projectsSubscription

18 January, 2016 By

Projects will be developed under the independent power producer (IPP) model

Wind power

Gulf of Suez wind developer closes in on dealSubscription

15 December, 2015 By

Consortium aims for financial close in early 2016

Power plant

Bahrain pushes ahead with plans for next major power projectSubscription

5 November, 2015 By

Al-Dur 2 will be developed as an independent power project

Electricity substation

Iraq to tender emergency substation projectSubscription

3 November, 2015 By

Project is expected to be worth $300-400m

Electricity substation

Gas-insulated switch gear plant under study Subscription

2 November, 2015 By

Japanese - Saudi joint venture currently prequalifying with Saudi Electricity Company

Power plant

Sharjah invites bids for power plant expansionSubscription

1 November, 2015 By

Project will involve adding additional turbines and converting existing plant to combined-cycle

Solar

Royal Commission signs Yanbu solar agreementSubscription

26 October, 2015 By

50MW solar plant will be located in Yanbu Industrial City

Power plant

Hassyan IPP aims for mid-2016 financial closeSubscription

14 October, 2015 By

Lead banks start building syndication

Sewage treatment

Mushrif submits lowest bid for Kuwait water projectSubscription

11 October, 2015 By

Seven contractors submitted bids for the treated sewage effluent (TSE) network project

Desalination

Saudi Arabia invites bids for major desalination plantSubscription

8 October, 2015 By

Reverse osmosis plant will have total capacity of 400,000 cubic metres a day

Project bids

Sewage treatment plant

Bahrain invites bids for Tubli sewage plant expansionSubscription

25 January, 2016 By

Expansion project will double capacity of existing wastewater plant

Nuclear power plant

China set to build nuclear power plants in IranSubscription

21 January, 2016 By

Deal to be discussed when Chinese president visits Tehran

Power plant

Three groups prepare to bid for Kuwait IWPPSubscription

7 January, 2016 By

Al-Zour North 2 IWPP will be Kuwait’s second public-private partnership scheme

Oman receives bids for independent water projects

Oman invites consultancy bids for water projectsSubscription

29 November, 2015 By

Projects will have a combined total capacity of more than 500,000 cm/d

Combined-cycle power plant

Kuwait to tender 3,000MW power plant in 2016Subscription

26 November, 2015 By

Project will be tendered as an engineering, procurement and construction contract

Power plant

Oman considers splitting project for next IPPSubscription

15 November, 2015 By

Sohar3/Ibri scheme will be sultanate’s largest ever independent power project

Kuwait City

Kuwait tenders three PPP dealsSubscription

15 November, 2015 By , ,

Private sector gears up to play leading role in infrastructure development

Combined-cycle power plant

Kuwait extends deadline for power conversion projectsSubscription

12 November, 2015 By

Projects will expand the capacity of existing plants by 250MW

Project awards

Power plant

GE wins Iraq power contractsSubscription

27 January, 2016 By

US firm will install equipment at 10 sites around the country

Desalination

Austrian firm appointed for UAE IWPSubscription

13 January, 2016 By

Umm al-Qwain desalination plant will one of the first independent water projects in the UAE

Power plant

Saudi Arabia awards $1bn Waad al-Shamal power contractSubscription

3 January, 2016 By

The 1,390MW plant will contain combined-cycle and solar power components

Growth area: Regional governments are looking to nuclear power to meet the rising demand for electricity

Acwa Power signs contracts for Jordan IPPSubscription

31 December, 2015 By

Chinese contractor will provide engineering, procurement and construction services

Gas-fired power station

Doosan Babcock signs Abu Dhabi power plant maintenance dealSubscription

28 December, 2015 By

Eight-year contract is for Taweelah B Power and Water Desalination Plant

Siemens confirms Egypt turbine order

Siemens consortium signs additional Egypt power dealSubscription

28 December, 2015 By

Contract covers the construction of six substations

Electricity substation

Indian contractor wins Oman and Saudi Arabia contractsSubscription

28 December, 2015 By

Orders cover a storage facility and transmission and distribution networks

Dubai pursues smart grids

Kepco signs agreement for smart grid project in DubaiSubscription

1 November, 2015 By

South Korean firm will construct pilot scheme

Financing

Coal-fired power station

Massive project finance pipeline for 2016Subscription

7 February, 2016 By

Project finance in 2016 shows potential, but banks may hold back

Target: Cairo is aiming for renewables to contribute 20 per cent of energy production by 2020

EFG eyes $6bn opportunity in Egyptian renewablesSubscription

26 January, 2016 By

Interview with Bakr Abdel Wahab, managing director and head of infrastructure at Cairo-based EFG Hermes Private Equity

Dubai triples renewables target

Commercial banks say 'no' to Egyptian renewablesSubscription

24 January, 2016 By

No appetite from international lenders, development banks reach maximum capacity

China's President Xi Jinping (right) shakes hands with Egypt's President Abdul Fattah al-Sisi

China's president signs Egypt finance dealsSubscription

24 January, 2016 By

Beijing builds Middle East ties

Photovoltaic solar power

Egypt to announce new renewables tariffsSubscription

24 January, 2016 By

New round of projects under study

Power station

Development banks to finance Egyptian IPPSubscription

24 January, 2016 By

American multinational takes equity stake

Power plant

Egyptian banks lend on power projectsSubscription

22 December, 2015 By

Further lending for record power plants contract

A welcome development in Kuwait's economy in the past couple of years has been the emergence of its non-oil sector

Kuwaiti banks gear up for PPPSubscription

21 December, 2015 By

Kapil Kumra, head of project finance, foreign corporate group at the National Bank of Kuwait looks ahead to Kuwait’s project plans

Updates

Solar

Saudi Arabia plans solar desalination plant as IWPSubscription

20 January, 2016 By

Plant will have a capacity of 60,000 cubic metres a day (cm/d)

Power plant

Saudi Arabia awards $1bn Waad al-Shamal power contractSubscription

3 January, 2016 By

The 1,390MW plant will contain combined-cycle and solar power components

Deadline extended again for Saudi power plant

Saudi power company seeks refinancingSubscription

20 December, 2015 By

Companies hoping for better terms on long-term finance

Power plant

Saudi Arabia considers bringing back IWPP modelSubscription

14 December, 2015 By

Last time independent water and power model was implemented in the kingdom was 2007

Nuclear power plant

Russia signs Egypt nuclear power dealSubscription

22 November, 2015 By

Deal involves the supply of four reactor units

Power plant

Oman considers splitting project for next IPPSubscription

15 November, 2015 By

Sohar3/Ibri scheme will be sultanate’s largest ever independent power project

Solar power

Client still evaluating bids for Waad al-Shamal power plantSubscription

15 November, 2015 By

Integrated plant will contain gas-fired turbines and solar energy component

Power trends

Jan 2015-Jan 2016 contract awards

Middle East contracts awarded: January 2016Subscription

4 February, 2016

Biggest awards by sector were made in construction, followed by power

Target: Cairo is aiming for renewables to contribute 20 per cent of energy production by 2020

EFG eyes $6bn opportunity in Egyptian renewablesSubscription

26 January, 2016 By

Interview with Bakr Abdel Wahab, managing director and head of infrastructure at Cairo-based EFG Hermes Private Equity

The IMF estimates that on average, the richest 20 per cent of a nation benefits six times more from subsidies than the poorest 20 per cent

Cut subsidies and increase efficiencySubscription

24 January, 2016 By

Cheaper crude has convinced many regional governments to reform energy subsidies, a vital step towards changing the region’s wasteful habits    

Dubai takes up region’s solar mantle

Renewable energy contract awards up 450 per centSubscription

17 January, 2016 By

Market is set for further growth in 2016

Monthly contract awards, December 2015

Middle East contracts awarded: December 2015Subscription

10 January, 2016 By

$13bn worth of contracts were awarded in December

A welcome development in Kuwait's economy in the past couple of years has been the emergence of its non-oil sector

Kuwaiti banks gear up for PPPSubscription

21 December, 2015 By

Kapil Kumra, head of project finance, foreign corporate group at the National Bank of Kuwait looks ahead to Kuwait’s project plans

Basim saleh, ceo of philadelphia solar

Homegrown solar goes regionalSubscription

16 December, 2015 By

Basim Saleh, CEO of Philadelphia Solar, discusses the challenges of getting a feed-in tariff renewables project off the ground in Egypt

Refinery construction

Middle East contracts awarded: November 2015VideoSubscription

13 December, 2015 By

Fifty-two contracts were awarded in November, totalling almost $13.2bn

majeed karim

Energy trading in GCC moves step closerVideoSubscription

25 November, 2015 By

The GCC wants to extend its electricity grid to be able to export and import energy beyond the bloc

MEED comment

Andrew Roscoe

Riyadh targets improved efficiencySubscription

9 February, 2016 By

The Saudi government wants to reduce waste and so save costs

Philippa Wilkinson

GCC gets serious on subsidiesSubscription

12 January, 2016 By

After years of debate, the region’s governments are finally cutting subsidies, but the timing is poor

Philippa Wilkinson

Muscat moves fast on project financeSubscription

8 December, 2015 By

Banks still have appetite in Oman, for now

Philippa Wilkinson

Kuwait promises much on projectsSubscription

25 November, 2015 By

The challenges on delivering its ambitious infrastructure plans are significant

Andrew Roscoe

Acwa Power spreads its reachSubscription

24 November, 2015 By

Rise up ranking shows developer’s ability to adapt 

Philippa Wilkinson

Kuwait and Tunisia's bumpy road to PPPSubscription

17 November, 2015 By

New legal frameworks build on earlier lessons

Andrew Roscoe

Riyadh seeks competitive advantagesSubscription

9 November, 2015 By

Widening the pool of bidders should result in more competitive prices

Andrew Roscoe

Saudi Arabia doesn’t stand still on power projectsSubscription

3 November, 2015 By

Power plant signing shows that important schemes will go ahead

Special reports

Power developers rethink funding

Power developers rethink fundingSubscription

23 December, 2015

Welcome to the Middle East Power guide, produced by MEED in association with HSBC

Power plant

Power: Delaying projects is not an optionSubscription

27 October, 2015 By

Consumption of electricity will remain strong as populations continue to grow at a rapid rate

Sharjah city in the UAE

UAE: Northern emirates feel property pinchSubscription

10 September, 2015

There are concerns over the ability of the UAE’s smaller emirates to ride out the latest real estate slowdown

Power

Power & Water: Drive towards efficiencySubscription

15 July, 2015

Most of the power plants being planned in the GCC today are combined-cycle facilities

Water

Power & Water: Water security becomes more of a prioritySubscription

13 April, 2015

As populations continue to expand and climate change accelerates, the provision of water will only become harder for state utilities in the Middle East and North Africa region

Power presentations

Top 10 projects

Q2 Rank Project Name Country Contract value ($m)
1 Barakah Nuclear Power Plant Reactor 3 UAE 4,000
2 Rabigh Power Plant Extension: Phase 6 Saudi Arabia 3,400
3 Shuqaiq Steam Power Plant Saudi Arabia 3,300
4 Jeddah South Thermal Power Plant Saudi Arabia 3,120
5 Barakah Nuclear Power Plant Reactor 1 UAE 3,100
6 Qurayyah IPP 1 & 2 Saudi Arabia 2,850
7 Barakah Nuclear Power Plant Reactor 2 UAE 2,500
8 Ras Al-Khair Power Plant Saudi Arabia 2,420
9 Attarat Um Ghudran Power Plant Jordan 2,200
10 IGCC Power Plant, Jizan Refinery complex: Combined Cycle Power Plant Saudi Arabia 2,100
Click through to the full data table on the power sector's biggest projects in execution
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014

Projects trends

Companies

Aktor logo

AktorSubscription

Aktor is a Greek construction company providing project management, mining, power and contracting services

Al Ayuni Investment and Contracting Group logo

Al Ayuni Investment and Contracting GroupSubscription

Al-Ayuni Group or Al Ayuni Investment and Contracting Group is headquartered in Riyadh, Saudi Arabia and registered as a general contractor in 1972. The company operates across road, rail, construction, water, gas and energy.

People

Andrew WardSubscription

28 January, 2015Updated: 5 February, 2015

Andrew Ward is managing partner at Dentons Abu Dhabi

Rajan PhakeySubscription

28 January, 2015Updated: 5 February, 2015

Rajan Phakey is partner at Dentons Abu Dhabi UAE

Jon NashSubscription

28 January, 2015Updated: 5 February, 2015

Jon Nash is partner at Dentons Abu Dhabi

Sander TrestainSubscription

16 October, 2014

Sander Trestain is founding partner and executive director of projects Enviromena Power Systems

Erik VoldnerSubscription

2 October, 2014Updated: 6 October, 2014

Erik Voldner is founding partner and executive director of operations Enviromena Power Systems

John Abi-HannaSubscription

27 July, 2014

John Abi-Hanna is business development director, water, Middle East for Black & Veatch

Meet the analyst


Andrew Roscoe
Power & Water Editor


Phone: +971 (0)4 818 0237
Email: andrew.roscoe@meed.com

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Tenders

Jordan: PV power plantSubscription

10 February, 2016 By

Construction of a photovoltaic (PV) power plant

MEED events

Qatar

Qatar Projects Conference

15 - 16 March 2016 Detailing the plan to deliver Qatar’s National Vision 2030, a $200bn project