• TAQA, JERA sign pact with SATORP to develop plant in Saudi Arabia 

    ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they have entered into a power and steam purchase agreement with Saudi Aramco Total Refining and Petrochemical Company (SATORP), a joint venture company owned by Saudi Arabian Oil Company (Saudi Aramco)...
  • Power outage across Pakistan brings life to a halt

    Islamabad, Pakistan--A massive power breakdown in Pakistan on Monday affected most of the country's more than 220 million people, including in the mega cities of Karachi and Lahore. Pakistan's electricity distribution system is a complex and delicate web, and a problem in one section of the grid can lead to cascading...
  • ESG may witness higher traction across GCC this year

    Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.
  • UAE dispatches generators in aid to power-starved Ukraine

    Abu Dhabi, UAE- The UAE has dispatched a second consignment of household generators for the Ukrainian civilians affected by the ongoing war with Russia. In December, the UAE announced that it's sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and...
  • Clean energy reaches 14 percent of Dubai’s total power production

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) has announced that the production capacity of clean energy has reached 2,027 megawatts (MW) which is about 14 percent of Dubai’s total power production capacity of 14,517 MW. Saeed Mohammed Al Tayer made the announcement during his...
  • Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security

    DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity. Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the...
  • Netanyahu’s controversial concessions to Israel govt partners

    Jerusalem-- Israel's newly sworn-in Prime Minister Benjamin Netanyahu has granted major concessions to far-right and ultra-Orthodox allies to cement a coalition following last month's election, the country's fifth in less than four years. The agreements, published by the Knesset, or parliament, on Wednesday, have already prompted an outcry among Israel's...
  • DEWA’s new project cuts 44,000 tons of carbon emissions annually

    The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer by using chilled water to cool the inlet air to gas turbines.
  • DEWA’s hydroelectric power plant in Hatta is 59 percent complete

    DUBAI, UAE -  The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48 percent complete. This is the first station of its kind in the GCC, with investments of up to US$387 million (AED 1.421 billion). The project is planned for completion in...
  • ACWA Power seals $2.4 bn deal

    The firm signed PPA with the National Electric Grid of Uzbekistan.
  • Iraq tells visiting Italy PM it seeks closer economic ties

    Iraq's prime minister appealed to visiting Italian counterpart Giorgia Meloni for closer economic ties with his oil-rich country suffering from power cuts and decaying infrastructure. Meloni, who leads the eurozone's third-largest economy, is on her first bilateral trip outside Europe. She is on a pre-Christmas visit to Italian troops posted...
  • IEA says energy crunch driving renewables boom

    Paris, France— The energy crisis is fuelling an acceleration of the rollout of renewable power, raising hopes for efforts to meet ambitious targets against global warming, the International Energy Agency said Tuesday. Total renewables capacity worldwide is set to almost double in the next five years and overtake coal as the...
  • Oil rises as China eases Covid restrictions, Russia price cap

    World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian crude agreed by the EU, G7 and Australia came into force. Brent North Sea crude and WTI advanced over 2.5 percent, also after OPEC and its Russia-led allies decided to...
  • Energy crisis driving climate-friendly power savings, says IEA

    PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential" to tackle high prices, security and climate change, the IEA said on Friday. Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households...
  • DEWA commissions two new transmission substations

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with a transmission capacity of 150 MVA, at a total cost of US$49 million (AED180 million). DEWA also inaugurated a new transmission 400/132kV substation in Jebel Ali First and overhead cables...
  • Ukraine, Russia trade blame over nuclear plant shelling

    Kyiv and Moscow traded accusations of shelling on the territory of the Zaporizhzhia nuclear power plant that Russia controls in southern Ukraine. The UN atomic watchdog that has a team of experts at the plant - the biggest nuclear facility in Europe - said "powerful explosions" had occurred on Saturday...
  • Marafiq IPO oversubscribed

    It attracted total orders of nearly $1.7 billion.
  • Lebanon’s Aoun vacates presidential palace as power vacuum looms

    Michel Aoun was vacating Lebanon's presidential palace, amid acclaim from his supporters, a day before his mandate expires without a designated successor, threatening a new power vacuum in the crisis-torn country. Several well-wishers gathered to pay tribute to the former army chief and head of the Free Patriotic Movement.
  • Most markets up but China fear casts shadow

    Most markets rose on hopes the Federal Reserve would soon slow its pace of interest rate hikes, though the mood was darkened over China after President Xi Jinping tightened his grip on power. The yen weakened against the dollar after a short rally after speculation Japanese authorities had stepped into...
  • Xi in control at China Congress, as ex-president Hu Jintao removed

    Chinese President Xi Jinping locked in support for a historic third term in power at the Communist Party's Congress, but the dramatic removal of his predecessor from the event stole the headlines. At the end of the week-long gathering in Beijing, China's ruling party approved a sweeping reshuffle allowing Xi...
  • New UN Libya envoy Abdoulaye Bathily starts work in Tripoli

    Tripoli, Libya—The United Nations' new Libya envoy, Abdoulaye Bathily, took up post in Tripoli Friday, vowing to work towards elections in the North African country, rocked by over a decade of conflict. "I arrived in Tripoli today to assume my functions as the special representative of the secretary general for Libya...
  • DEWA invites proposals for work on sixth phase of solar park

    Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park based on the Independent Power Producer (IPP) model.
  • ‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

    The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected to the UAE’s transmission grid.
  • EU decides to cut power use, levy energy firms

    The EU executive believes it can raise €140 billion from the levies on non-gas electricity producers and on energy majors that are raking in outsized profits from the global energy demand.
  • High oil prices keep MENA’s economic health intact

    The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in 2023. However, Brent oil prices may fall to $75/b by 2025 and $70/b by 2027, says a report.
  • ‘More efforts needed for net zero carbon emissions by 2050’

    More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's (IEA) latest appraisal of global progress on clean energy technologies.
  • ‘Barakah Nuclear Power Plant promotes clean, safe energy’

    UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei said that the start-up of Unit 3 of Barakah Nuclear Energy Plant contributes to achieving one of the most important objectives of the country's vision and strategy for the energy sector.
  • TAQA secures $1.09 bn funding to finance Mirfa power plant’s debt

    Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa Power and Water Plant. TAQA said in a statement that the Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine...
  • Germany seizes Rosneft’s subsidiaries

    Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine. Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the...
  • Norway skeptical about EU proposal on gas price cap

    Norway, which has replaced Russia as Europe's leading supplier of natural gas, dashed the hopes of EU member states who wanted a cap on gas prices. After his phone call with European Commission President Ursula von der Leyen, Norway's Prime Minister Jonas Gahr Store said he was "skeptical" about a...
  • Siemens bags Egypt project

    The company will upgrade power distribution system in Alexandria.
  • IAEA calls for security zone at Ukraine’s nuclear plant

    The International Atomic Energy Agency called Tuesday for the establishment of a security zone around Ukraine's Zaporizhzhia nuclear power plant, occupied by Russia and the site of recent shelling. "The current situation is untenable," the UN atomic watchdog said in a report after it sent a team to the plant...
  • Clean energy is key for Indonesian economy, says IEA

    Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its citizens in the process such as more secure and affordable energy supplies, according to a new IEA report.
  • Risk of radioactive leak at Ukraine nuclear plant, says operator

    There is a risk of a radioactive leak at Ukraine's Zaporizhzhia nuclear power plant, occupied by Russian troops, the state energy operator said Saturday. Enervator said Moscow's troops had "shelled" the site of the plant in Ukraine over the past day. Kyiv and Moscow have traded accusations over shelling in...
  • Iran begins military drone drills to show ‘power’

    Iranian army displayed its first division of ships and submarines capable of carrying armed drones in July when US President Joe Biden was touring the Middle East.
  • DEWA breaks own record for overhaul of gas turbines

    Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the overhaul of gas turbines and desalination units, recorded in 2019.
  • Goal: A just energy transition that’s equitable to all

    It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the deployment of practical solutions. For that, we need an inclusive approach that leverages the experience of all sectors of society, he added in a writeup for Project Syndicate.
  • Iraq to provide Lebanon with fuel for another year: PM Mikati

    Iraq has agreed to renew a one-year deal to provide Lebanon with fuel for its power plants in exchange for in-kind services, Lebanon's Prime Minister said in a statement Thursday. Iraq signed an agreement in July 2021 to give cash-strapped Lebanon one million tonnes of fuel oil to help keep...
  • QEWC finalizes buying 40 percent shares of Nebras

    Qatar Electricity and Water Company (QEWC) said Raslaffan Operating Company WLL, a wholly-owned subsidiary of QEWC completed the purchase of 40 percent of the share capital of Nebras Power (Nebras) from Qatar Holding LLC.
  • UAE launches Power to Liquids roadmap to decarbonize aviation sector

    The United Arab Emirates has launched the Power-to-Liquids (PtL) Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates, which was drafted in cooperation between the Ministry of Energy and Infrastructure and the World Economic Forum. The PtL roadmap shows the financial, economic and environmental benefits of PtL in...
  • DEWA says 287 11kV substations commissioned in H1 2022

    Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This is part of its efforts to provide a state-of-the-art infrastructure as per the best international standards.
  • DEWA commissions 11 substations in first half of 2022

    Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10 new 132/11 kV substations in different areas in Dubai, during the first half of 2022.
  • Tunisia President amends constitution to ward off criticism

    Tunisian President Kais Saied published an amended version of a draft constitution in an attempt to ward off criticism after the original was slammed for the nearly unlimited power it gave his office. The amended draft makes changes to two articles, though it still retains a broad range of powers...
  • Libya protests planned over power cuts, political deadlock

    Libyans angered by rising prices, chronic power cuts and political deadlock planned further demonstrations Monday after a night of angry protests across the capital. Masked youths set alight car tires and blocked roads including a major coastal highway between central Tripoli and its western suburbs, but security forces did not...
  • China, Russia far from ousting US power in GCC: Vision 3 Chairman Khaled Janahi

    Are China and Russia taking over the US power in the Gulf Cooperation Council region? Khaled Janahi, chairman of Vision 3, tends to disagree. “I would question the question because there are a lot of people thinking that already China and Russia are taking over. There is difference between relationship...
  • Lebanon inks gas deal with Egypt to enhance power supply

    Lebanon's crumbling electricity sector has cost the country more than $40 billion since the end of its 1975-1990 civil war.
  • ACWA Power inks deal for Layla PV Solar project worth $107m

    Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar project worth $107 million.
  • UAE and India to expand ties in renewable power, sustainable finance

    India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total volume of the UAE's trade with the world, and 13 percent of the UAE's non-oil exports.
  • Iraq strikes deal with Iran to secure summer gas imports

    Iraq has agreed to pay $1.6 billion in debt to Iran by June 1 to secure a steady gas supply for power generation through the summer, its electricity minister said.
  • China, Europe to lead record renewable energy growth in 2022: IEA

    The world will set a new record for renewable power capacity this year led by solar energy in China and Europe, but growth could lose steam in 2023, the International Energy Agency said Wednesday. A record 295 gigawatts of new renewable power capacity was added in 2021 despite supply chain...
  • Tunisia proposes national dialogue, excluding opposition

    Tunisian President Kais Saied has announced the launch of "national dialogue" to help resolve a political crisis following his controversial power grab, but excluding critical opposition groups.