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Tue, 02 Dec 2008 | 21:55 GMT
 
Top Power & Utilities News

  • S&P Cuts Tabreed Ratings To 'BB'


    Standard & Poor's Ratings Services said today that it lowered its long-term corporate credit rating on United Arab Emirates-based district cooling company National Central Cooling Co. PJSC (Tabreed) to 'BB' from 'BBB-'. Press Release - 02Dec 13:39GMT
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  • Kuwait, Japan sign MoU to launch study on ISCC


    Kuwait and Japan signed an MoU to launch a detailed feasibility study for introduction of Integrated Solar Combined Cycle (ISCC) technology to Kuwait, with an eye to build a new ISCC power plant there, which is facing severe electricity shortage every summer. KUNA (Kuwait News Agency) - 02Dec 12:28GMT
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  • More sewage water treatment units soon in Baghdad


    Two sewage water treatment units will be set up in Baghdad's al-Karkh and al-Rasafa sides at a cost of nearly $830,000 U.S. dollars. Aswat Aliraq - 02Dec 11:16GMT
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  • Global firms launch studies on KSA's Misk Lake


    Two global companies specialized in environment protection have started their studies on the decaying Al-Misk lake. The Saudi Gazette - 02Dec 09:00GMT
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  • Egypt police in dark after 400 lamp posts stolen


    Egyptian police are trying to track down hundreds of street lamps worth almost a million dollars after they were stolen from a road in the north of the country, local media reported on Tuesday. AFP - 02Dec 09:00GMT
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  • Lebanese deficit falls despite drain at power company


    Lebanon's Finance Ministry said on Monday that the budget deficit in the first 10 months of the year fell slightly despite the mounting losses of Electricite du Liban (EDL). The Daily Star - 02Dec 08:07GMT
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  • Gaza power plant shuts down again for lack of fuel


    Gaza's sole power plant was shut down on Sunday for the second time in less than a week after Israel again halted fuel supplies to the Hamas-ruled territory, a Palestinian official said. AFP - 01Dec 04:10GMT
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  • Iran proposes joint nuclear plants with Gulf states


    Iran on Sunday proposed developing nuclear power plants jointly with neighbouring Arab states in the Gulf, amid international pressure on Tehran to halt its sensitive atomic work. AFP - 30Nov 12:06GMT
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  • SWCC to sign Jeddah desalination Plant's 3rd phase contract


    Saudi Minister of Water and Electricity Eng Abdullah Bin Abdul Rahman Al-Husayen, who is also Chairman of the Board of directors of Saline Water Conversion Corporation (SWCC will sign with an international company here on Monday a contract for the execution of the 3rd phase of Jeddah Desalination Plan. Saudi Press Agency - 30Nov 11:56GMT
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  • IDB signs two Agreements for $169 million with Egypt


    The Islamic Development Bank (IDB) signed two agreements with Egypt to provide US$169 million to finance two projects for electricity and bird flu vaccine production. Saudi Press Agency - 30Nov 11:14GMT
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The Toolbox

Projects     

Name Oman RAEC - Duqm Power Station - Phase 4
Country Oman
Value USD 60,000,000 (estimated)
Industry Power and Water | Power Transmission & Distribution, Substation
Status EPC - Bid Submission
Completion 2009
The bids for phase 4 were submitted on December 1st and the award is expected in Q1 2009.
» View Full DetailsUpdated: 01Dec08

Research     

Abu Dhabi National Energy Company (TAQA)
Prime Securities - 01 Dec 2008

Prime initiates coverage on TAQA with a STRONG BUY recommendation and a target price of AED 2.23, representing a 70% upside potential to the current market price of AED 1.31. The company is expected to achieve FY08 net profit of AED 1,804 million, compared to AED 1,035 million for FY07. The stock is trading at a PE of 4.53x for FY08E.

» Read Report
 
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Community Buzz

Stories in Power & Utilities

 

Companies in Power & Utilities

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Saudi Electricity Company Saudi Arabia Electric Utilities
Dubai Electricity and Water Authority UAE Electric Utilities
Abu Dhabi Water and Electricity Authority UAE Electric Utilities
Abu Dhabi National Energy Company UAE Electric Utilities
Sharjah Electricity and Water Authority UAE Electric Utilities
General Electricity Company of Libya Libya Electric Utilities
Federal Electricity and Water Authority UAE Electric Utilities
Qatar Electricity and Water Company Qatar Electric Utilities
Palm District Cooling UAE Steam and Air-Conditioning Supply
Power and Water Utility Company for Jubail and Yanbu Saudi Arabia Electric Utilities
 

Projects in Power & Utilities

Most viewed projects by Community in the last 24 hrs
Project Name Country Sector
Kuwait MEW - Subiya Power Plant Kuwait Power and Water
SEC - Rabigh IPP Saudi Arabia Power and Water
DEWA - Jebel Ali M Station Desalination Plant UAE Power and Water
Qatalum Power Plant Qatar Power and Water
ADWEA - Shuweihat 2 IWPP UAE Power and Water
MARAFIQ - Yanbu IWPP Saudi Arabia Power and Water
Fujairah 2 IWPP UAE Power and Water
DEWA - Hassyan Complex - Station P UAE Power and Water
ADSSC - Sewage Treatment Plants (Al Saad and Al Wathba) UAE Power and Water
Jebel Ali Sewage Treatment Plant (STP) - Phase 1 UAE Power and Water
 
 
 
 
 
 
Zawya Select
ZawyaSelect
Manufacturing
$20bn Investment
MENA fertilizer production capacity will more than double to 60 million tons by 2010 with more than $20 billion of investment, according to new data.
 
 
Projects
Safe Havens
The global slowdown will impact a raft of projects across the Gulf,but BNP Paribas says core sectors such as power and oil diversification will weather the storm.
 
 
Alternative Energies
Oman's nascent quest for alternative and renewable energies receives a huge shot in the arm as His Majesty the Sultan lends his Royal voice to the importance of exploring new energy resources to fuel the nation's continued modernisation.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Saudi Electricity Company Saudi Arabia 10,124
2 Qatar Electricity and Water Company Qatar 2,883
3 Abu Dhabi National Energy Company UAE 2,135
4 Jordanian Electric Power Company Jordan 302
5 National Central Cooling Company UAE 254
» View Full List
 
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