Energy

Phoenix Power Company, the special purpose vehicle created for the construction of the Sur Independent Power Project (IPP), is looking at launching an IPO for the project in 2014.

Abu Dhabi National Energy Company PJSC (Taqa) Power and Water division posted a 17 per cent increase in revenue to hit? US$520 in Q2 2011.

ABB has won an order worth about US$17mn from Hanwha Engineering & Construction Corp. of Korea to extend an existing substation at the Yanbu power plant in Saudi Arabia.

Oryx Energy Projects & Services of Qatar (Oryx) and ABB have established a joint venture, ABB Oryx Motors & Generators Service LLC (ABB Oryx M&G), that will provide a wide range of electrical motor and generator services to customers in the Gulf and sub-Saharan African regions.