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The Egyptian Electricity Transmission Co., EETC, will sign a purchase deal with Saudi Arabia’s ACWA Power for wind energy of 1,100 megawatts, Zawya reports. EETC, the media notes citing sources, the project would cost over $1.2 billion and would be Read more
Public utility Qatar Electricity and Water Company (QEWC) has acquired a 24 percent equity stake in Unique Meghnaghat Power Ltd. in Bangladesh through its subsidiary, Nebras Power Investment Management B.V., Zawya reports. QEWC did not disclose the value of the Read more
Saudi Aramco has discovered natural gas fields in four regions of the kingdom according to the country’s Energy Minister Prince Abdulaziz bin Salman. The discovery, according to the minister, was made in Shadoon, in the central region, Shehab and Shurfa, Read more
Saudi Arabia’s Industrialization and Energy Services Co., known as TAQA, on Monday announced the acquisition of Tendeka, a UK-based engineering and manufacturing company, Arab News reports. “We continue to realize TAQA 2021 strategy to expand well services offering and become Read more
The kingdom of Jordan will start exporting electricity to Lebanon, hit by the energy crisis, from next month. Minister of Energy Saleh Al-Kharabsheh made the announcement Tuesday, adding that a funding agreement with the World Bank has been finalized. Both Read more
Qatar is planning to launch its first green Fund as it aims to secure Environmental, Social, and Governance funding, reports say. The ministry of finance, Bloomberg reports, is in contact with global banks in an attempt to accrue billions of Read more
Israeli President Isaac Herzog will make an official visit to Turkey “at the beginning of February”, Turkish President Recep Tayyip Erdogan announced on Wednesday evening. “This visit could open a new path in relations between Turkey and Israel”, said President Read more
The Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi will prevent more carbon emissions than previously expected. This was announced during Abu Dhabi Sustainability Week, showcasing the essential role that nuclear energy plays in combating climate Read more
Abu Dhabi-based solar energy firm Sweihan PV Power Co (SPPC) has raised $700.8 million via green bonds in view of refinancing existing debts, Zawya reports. The company issued secured bonds with the coupon sold at rate 3.625 percent. The company Read more
Egypt plans to develop industrial mining cities for the extraction of gold, copper, and phosphate in line with the aim of seeing the mining sector to grow tenfold over the next two decades. Oil Minister Tarek El Molla reportedly told Read more