Top Power & Utilities News

Lebanon Needs '$2 Billion' To Meet Power Demand

Lebanon needs to increase its current electricity output from 1,500 MW to close to 2,300 MW and this requires an investment of over $2 billion, Energy and Water Minister Alan Tabourian said. The Daily Star - 07Aug 11:19GMT
Arabian Bemco signs SR8.28 billion agreement

Arabian Bemco Contracting Co. Ltd., the specialized contractor for building of power stations, industrial facilities and public utilities, has signed a SR8.28 billion agreement with a group of local banks. Arab News - 07Aug 08:14GMT
BankMuscat Investment Manager talks about Sohar IPO: Part I

(Arabic) Abdul Wahed Al Morshedy, Investment Manager of BankMuscat says local and foreign investors injected money in Sohar IPO and as liquidity boosted in the region people are more interested in IPOs. Al-Arabiya - 06Aug 12:32GMT
Japan to lend USD 1.5 billion for Qatar power, water project

The government-affiliated Japan Bank for International Cooperation (JBIC) will provide up to USD 1.5 billion for a power and water desalination project in Doha's vicinity, marking its first project finance cofinanced with Qatar's Islamic financial institutions. KUNA (Kuwait News Agency) - 06Aug 11:10GMT
Sohar Power IPO oversubscribed over 20 times

(Arabic) About 40 thousands subscribers injected $727.6 million in Sohar Power IPO. Al-Arabiya - 06Aug 09:49GMT
Sohar Power Initial Public Offering collects RO280m

The RO13.33-million Initial Public Offering (IPO) of Sohar Power Company (SAOG), which closed on July 30, has been over-subscribed by over 21 times, collecting in excess of over RO280 million. Times of Oman - 06Aug 06:26GMT
Domestic waste to be used to generate electricity in Bahrain

Bahrain plans to build a recycling factory that could generate enough electricity for a small city in its southern district. Khaleej Times - 06Aug 05:51GMT
Huta Marine receives AC-ROV underwater inspection system

Leading Saudi Arabian marine construction company Huta Marine Works has taken delivery of an AC-ROV Underwater Inspection System. The Saudi Gazette - 06Aug 05:50GMT
Sohar To Allot 6.71% To Individuals, 2.51% To Institutions

Oman's Sohar Power, which mobilised over RO 280 million through an initial public offering (IPO), is expected to allot 6.71 per cent shares to small investors who applied for not more than 4,000 shares. Oman Daily Observer - 06Aug 04:48GMT
Red Sea desalination plant to be up and running by 2010

Jordan's first desalination plant is expected to be operational by 2010, annually supplying the port city of Aqaba with 10 million cubic metres (mcm) of water, a senior Aqaba Water Company (AWC) official said. Jordan Times - 05Aug 07:30GMT

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Germany's Siemens to build power stations in Iraq
(Arabic) Ali Al Dabbagh, Iraqi government spokesman talks about negotiations between Siemens and the government to build $2.5 billion power stations in Iraq.

Urging Restraint
The Northern Emirates' uncoordinated real estate boom threatens to leave new projects without access to vital utilities, according to a senior official from FEWA, the Federal Electricity and Water Authority.

Cool Business
Tabreed, one of the largest district cooling companies in the world and the largest in the GCC region, wants to manage its growth intelligently.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Electricity Company	Saudi Arabia	12,516
2	Qatar Electricity and Water Company	Qatar	4,252
3	Abu Dhabi National Energy Company	UAE	3,356
4	National Central Cooling Company	UAE	707
5	Jordanian Electric Power Company	Jordan	550
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