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Electricity company revenue is expected to decline due to Coronavirus

The Egyptian Electricity Transmission Company may suffer decline in revenues to negative levels during the current fiscal year; as there are industrial sectors that were greatly affected by the Coronavirus

Business activities & Projects Marketing & Strategy Middle East

Turkey turns to Rolls-Royce for SMRs

British company Rolls-Royce has announced signing a deal with Turkey to produce small modular nuclear reactors (SMR). The company has signed an MoU, as a member of a consortium, with

Business activities & Projects Marketing & Strategy Middle East

Acwa Power to develop desalination projects in Egypt using renewable energy

Egyptian government has signed a memorandum of understanding with Saudi Energy Company Acwa Power to conduct a feasibility study for water desalination projects powered by renewable energy. Acwa Power announced

Marketing & Strategy Middle East

Italian Eni to review energy projects in the Middle East

Fuad Krekshi, Regional Executive Vice President of Eni, announced that the Italian company is reviewing its energy projects in the Middle East, including those with Abu Dhabi National Oil Company

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Rise in profitability for Ducab, the cables supplier of Barakah NPP

Ducab Group, one of the largest manufacturers in the UAE, has announced a 5% increase in gross profitability in 2019, driven by the rise in key areas of the cable

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Installed capacity of Iranian power plants exceeded 83 thousand MW

The Iranian Minister of Energy Assistant for Electricity and Energy Affairs announced that the capacity of the electric power plants in the country reached 83,350 MW. At the opening ceremony

Business activities & Projects Middle East

Coronavirus forces postponement of renewable energy projects in Egypt

Sabri Darwish, Project Manager at Intersolar Egypt Renewable Energy Company, announced that the company had to postpone the implementation of four solar power plants projects, due to concerns about the

Business activities & Projects Middle East

Saudi Aramco signed 66 agreements with 11 countries worth $21 billion US

Saudi Aramco has announced the signing of 66 memoranda of understanding and strategic and commercial cooperation agreements, valued at more than $ 21 billion, or equivalent to 78.75 billion Saudi

Business activities & Projects Middle East

Lekela begins construction of a 250 MW wind energy project in Egypt

Lekela Power, a company specialized in the field of renewable energy projects, started construction work for the West Bakr wind power plant, with a production capacity of 250 MW. “Faisal