Countries in the Middle East would have to spend US$316bn on utilities such as power and energy over the next five years to keep up with the growing demands of the region, according to a report by Arab Petroleum Investments Corporation (Apicorp)
Energy
Eaton agreements look to boost business in Saudi Arabia
The power management company Eaton is set to strengthen its business activity in Saudi Arabia after announcing it has signed agreements with two companies each with a strong influence in the Kingdom
Spanish firm to build US$150 million wind power plant in Jordan
Spanish energy company Elecnor and the Jordanian government will sign an agreement in April to build a US$150mn 75MW wind power plant in Maan
New power plants account for 27 per cent of Oman?s supply
Two new Omani power plants have a combined capacity of 1,488 MW, accounting for 27 per cent of Oman?s total power capacity of 5,589 MW
First Solar and Shams Ma'an Power Generation to build Jordan solar power project
US-based solar services company First Solar and Shams Maan Power Generation have signed a 20-year power purchase agreement (PPA) with the National Electric Power Company (NEPCO) to build a 52.5MW solar power plant in Hashemite, Jordan