Dubai has launched a solar energy project that will generate 1,000 MW and is estimated to cost US$3.26 billion.
Energy
SEC signs 11 power contracts worth US$530mn
Saudi Electricity Company (SEC) has signed 11 contracts worth US$530mn to set up power transport lines, gas-powered generating units and transformers in different parts of the Kingdom.
Smart Grids have strong growth potential - Frost & Sullivan
According a recent report by Frost & Sullivan, the GCC is expected to invest nearly US$73 billion in power generation and T&D projects and add 36 GW of generation capacity in the next five years.
Kuwait awards US$37.3mn transformer contract to EIC
Electrical Industries Co. (EIC) was awarded a contract worth US$37.3mn to supply the Kuwaiti Ministry of Electricity and Water with oil-type distribution transformers.
Iraq and Iran sign US$72mn power generation deal
Iraqi Ministry of Electricity has signed a US$72mn contract with Iranian Sunir company to build gas-powered power plants in Iraq, IRNA reported.