- February 25, 2025
DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuri ..Read More
DEWA has launched a competitive tender for Phase VII of the Mohammed Bin Rashid Al Maktoum Solar Park, featuring 1,600-2,000 MWac of solar PV and 1,000 MW of battery storage. The project, to be developed under an IPP model, will be commissioned in phases starting August 2027, with power sold under a long-term PPA. Interested bidders must submit an EOI by March 21, 2025. Deloitte-led consortium has been appointed as the project consultant.
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- February 25, 2025
Al Yamamah Steel Industries secured a SAR 174.9 million contract with Hyundai Engineering & Construction to su ..Read More
Al Yamamah Steel Industries secured a SAR 174.9 million contract with Hyundai Engineering & Construction to supply steel towers for a 380 kV ultra-high-voltage line in Saudi Arabia's western region, with a one-year duration. Previously, the company was awarded a $30 million contract from National Power Construction Corporation Limited.
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- February 24, 2025
Al-Babtain Power and Telecommunication signed a SAR 622 million contract with Saudi Service for Electromechani ..Read More
Al-Babtain Power and Telecommunication signed a SAR 622 million contract with Saudi Service for Electromechanical Works (SSEM) to design, test, manufacture, and supply a 500kV Overhead Transmission Line (OHTL) for the COA-SOA Interconnection Link (Portion III) over 24 months. Previously, the company secured a $104 million steel towers supply contract with L&T.
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- February 23, 2025
Raissy Trading & Contracting Co. Ltd. secured a SAR 131 million contract from Saudi Electricity Company (SEC) ..Read More
Raissy Trading & Contracting Co. Ltd. secured a SAR 131 million contract from Saudi Electricity Company (SEC) for the 110/13.8kV substation project at MAADEN BARRICK COPPER Co. in the Madinah Region. The project scope includes design, material supply, installation, testing, and commissioning, with a duration of 23 months.
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- February 20, 2025
ACWA Power, SEC, and Haji Abdullah Alireza & Co. signed a SAR 13.4 billion PPA with SPPC for the Qurayyah IPP ..Read More
ACWA Power, SEC, and Haji Abdullah Alireza & Co. signed a SAR 13.4 billion PPA with SPPC for the Qurayyah IPP Expansion Project, a 3,010 MW CCGT power plant in Saudi Arabia’s Eastern Province. The 25-year project, with 40% stakes each for ACWA and SEC, includes carbon capture readiness and aims to enhance power generation efficiency, support Vision 2030, and reduce reliance on liquid fuels.
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- February 20, 2025
ACWA Power signed a $693 million Share Purchase Agreement with ENGIE to acquire 4.61GW of gas-fired power and ..Read More
ACWA Power signed a $693 million Share Purchase Agreement with ENGIE to acquire 4.61GW of gas-fired power and 1.11 million m³/day of desalination assets in Kuwait and Bahrain. The deal includes stakes in Az Zour North (18%), Al Ezzel (45%), Al Dur (45%), and Al Hidd (30%), along with O&M companies. This acquisition aligns with ACWA Power’s goal of tripling assets to $250 billion by 2030, pending regulatory approvals. Goldman Sachs Saudi Arabia acted as the financial advisor.
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- February 19, 2025
ELSEWEDY ELECTRIC PSP has been awarded the Jawharat Al Aros 110/13.8 kV Substation project in Jeddah, Saudi Ar ..Read More
ELSEWEDY ELECTRIC PSP has been awarded the Jawharat Al Aros 110/13.8 kV Substation project in Jeddah, Saudi Arabia, featuring Siemens SF6-free Blue GIS technology, reducing environmental impact. This marks ELSEWEDY’s third substation project with National Grid SA, following Riyadh and Naqua substations. The company will handle design, procurement, construction, and commissioning, reinforcing Saudi Arabia’s energy infrastructure and supporting Vision 2030.
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- February 19, 2025
Al Yamamah Steel Industries Co. has secured a SAR 112.9 million contract to supply steel towers to National Po ..Read More
Al Yamamah Steel Industries Co. has secured a SAR 112.9 million contract to supply steel towers to National Power Construction Corporation Limited for a 380 kV ultra-high-voltage line project in Saudi Arabia’s western region. The contract duration is one year. Earlier, the company was awarded $82.4 million in contracts from L&T.
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