The first nuclear power plant in Saudi Arabia will be ready by 2020.
The first nuclear power plant in Saudi Arabia will be ready by 2020 but it will take longer to become fully operational and add capacity to the kingdoms over-stretched grid.
Iraq is still struggling to deal with shortages in electricity and the government has signed several large power plant deals recently.
Iraqs cabinet has approved projects to build two power stations in southern Iraq with investments of more than US$656mn.
Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for DEWA
UAE banking group Emirates NBD and HSBC have made a US$200mn stapled debt facility available to bidders interested in constructing a new power plant for state utility Dubai Electricity and Water Authority (DEWA), an Emirates NBD statement said earlier this week.
Dubai plans to reduce energy imports and climate warming carbon dioxide emissions by 30 per cent by 2030.
Dubai is poised to unveil a big solar power plant as part of a push to get five per cent of its electricity from renewable sources by 2030, Saeed Mohammed Al-Tayer, vice chairman of Dubais Supreme Council of Energy, said.
Marafiqs core business is the development, operation and maintenance of power and water treatment systems.
Jacobs Engineering Group received a contract from Saudi Arabian utility company, Marafiq, for the provision of project management consultancy (PMC) services at Marafiqs new integrated power and water facility in Yanbu, Saudi Arabia.
