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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• Power
• PPP

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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• Power

vEnerMech secured a five-year contract extension with North Oil Company (NOC) to provide leak testing and flan ..Read More

vEnerMech secured a five-year contract extension with North Oil Company (NOC) to provide leak testing and flange management services at Qatar's Al Shaheen Oil Field, reinforcing their relationship since 2017. The contract includes bolt tensioning, torquing, pipe freezing, and training, leveraging EnerMech’s in-depth knowledge of NOC’s assets. CEO Chuck Davison and Regional Director Dan Collins highlighted the Qatar team’s expertise and commitment, positioning EnerMech for continued growth in the region.
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• Oil & Gas

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Isl ..Read More

Oman Environmental Services Holding Company (Be’ah) signed a RO 51 million financing agreement with Ahli Islamic Bank to implement Phase 2 of the industrial waste treatment facility in Sohar Freezone. This phase includes developing hazardous waste treatment stations, enhancing chemical and physical treatment technologies, and establishing facilities for managing used oils and toxic waste. The project aligns with Oman Vision 2040 by boosting the national economy, generating jobs, supporting industrial projects, and contributing to sustainability and the circular economy.
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• Finance

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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• Power

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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• Power

Mitsubishi Power has successfully completed the Power Station 5 Block 4 GTCC plant at Aluminium Bahrain (Alba) ..Read More

Mitsubishi Power has successfully completed the Power Station 5 Block 4 GTCC plant at Aluminium Bahrain (Alba), powered by its hydrogen-ready M701JAC gas turbine, with a 680.9 MW combined cycle output. This marks the first deployment of JAC technology in a Middle Eastern aluminium smelter, supporting Alba’s decarbonization and energy security goals. Completed a month ahead of schedule, Mitsubishi Power will continue its support through a Long-Term Service Agreement (LTSA).
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• Power

Emerge, a Masdar-EDF joint venture, has signed an agreement to install a 13.25MWp solar PV plant for Tawazun I ..Read More

Emerge, a Masdar-EDF joint venture, has signed an agreement to install a 13.25MWp solar PV plant for Tawazun Industrial Park (TIP), including an 11.5MWp ground-mounted system and a 1.75MWp carport. The project will avoid 14,064 tonnes of CO₂ emissions annually, supporting UAE’s Net Zero by 2050 Strategy. Under a 25-year BOOT agreement, Emerge will finance, design, construct, operate, and maintain the plant, with construction starting in late 2025.
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• Power