gulf cooperation council
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Gas
Financing Secured for GE’s UAE Combined Cycle Project
The first independent combined cycle power project in the emirate of Sharjah, in the United Arab Emirates (UAE), is taking shape after $1 billion in financing was recently secured from GE Energy Financial Services (EFS) and its partners. The plant, featuring three combined cycle blocks, is expected to have 1.8 GW of generation capacity. The […]
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Renewables
Kuwait to Inject $9.9B into Power Sector to Alleviate Electricity Shortages
Kuwait’s government in August approved the construction of several power plants and desalination facilities to boost its capacity by 3,580 MW. Like its oil- and gas-rich neighbors in the Gulf Cooperation Council region, Kuwait is seeing a power shortage owing to its growing population and economy. With only five power plants, the country has experienced […]