Solar photovoltaic (PV) would be more economically viable than oil-fired electricity generation in oil-rich Gulf states, according to Bloomberg New Energy Finance (BNEF).
Turkey’s largest electricity generation plant, Hamitabat power station (HEAŞ), is to be privatised in the next few days according to Privatization Administration (ÖİB) Vice President Ahmet Aksu.
Siemens has received an order from Seoul-based utility GS Electric Power and Services Co. for the supply of its latest (H Class) high-efficiency gas turbine. This is the first time Siemens will supply a complete combined cycle power plant equipped with its new-generation gas turbine.
Eighty companies have signed Power Purchase Agreements (PPAs) for generation of 950 MW of solar power in the Indian state of Gujarat, according to Pranav Mehta, founder and chairman of the Solar Energy Association of Gujarat.
Iraq has announced plans to use more foreign imports to boost is beleaguered power network, with Jordan emerging as a new partner.
Qatar has recently invested $1billion in power gen and water desalination plants to cope with the current urban boom and the overwhelming development of the trade and industrial sectors, says an official from Energy Qatar Company.
The African Development Bank (AfDB) has approved over $1 billion to be invested in energy projects in Egypt, DR Congo, Ethiopia, Kenya and Tanzania.
The Iraqi electricity ministry has announced it is inviting bids for the construction of four power plants to boost its power generation capacity by 2750 MW.
Toshiba Corp. announced it has agreed with US engineering service provider Shaw Group Inc. to jointly construct nuclear power plants outside Japan.
The Saudi Electricity Company (SEC) has signed a contract worth SAR 1.43 billion to expand the electricity power generation plant in Qassim to meet the growing demand for energy in the province.