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Energy Finance & Investment News in Saudi Arabia

IPPToday #151: ACWA Power wins 300 MW solar project in Saudi Arabia

IPPToday #151: ACWA Power wins 300 MW solar project in Saudi Arabia

🕔Feb 8, 2018

The Renewable Energy Project Development Office (REPDO) within the Ministry of Energy, Industry and Mineral Resources in Saudi Arabia has awarded the Sakaka IPP PV solar project, the first utility scale renewable energy project in the country, to ACWA Power.

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IPPToday #92: DEWA launches RFEOI for 250 MW Hatta hydroelectric project

IPPToday #92: DEWA launches RFEOI for 250 MW Hatta hydroelectric project

🕔Nov 6, 2017

Dubai Electricity and Water Authority (DEWA) has launched a request for expression of interest (RFEOI) to develop the 250 MW Hatta hydroelectric project in Dubai.

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Funds sign MoU  to develop 3 GW solar-plus-storage projects in Saudi Arabia

Funds sign MoU to develop 3 GW solar-plus-storage projects in Saudi Arabia

🕔Nov 3, 2017

Saudi Arabia’s Public Investment Fund (PIF), has signed a Memorandum of Understanding (MoU) with SoftBank Vision Fund (SBVF) to jointly fund the development of 3 GW of solar photovoltaic and storage capacity in Saudi Arabia.

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IPPToday #48: Saudi Arabia qualifies 25 companies for 400MW Dumat Al Jandal wind RFP

IPPToday #48: Saudi Arabia qualifies 25 companies for 400MW Dumat Al Jandal wind RFP

🕔Aug 31, 2017

The Renewable Energy Project Development Office (REPDO) of Kingdom of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources has released the Request for Proposals (RFP) for its first utility-scale wind power project within the National Renewable Energy Program (NREP).

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IPPToday #18: Saudi Arabia launches RFQ for 400 MW wind project in Dumat Al Jandal

IPPToday #18: Saudi Arabia launches RFQ for 400 MW wind project in Dumat Al Jandal

🕔Jul 18, 2017

The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has today issued the request for qualification (RFQ) for 400 MW of wind power in Dumat Al Jandal, in Al Jouf region of Saudi Arabia.

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ACWA Power and APICORP announce a transaction concerning a minority stake in Shuqaiq IWPP

ACWA Power and APICORP announce a transaction concerning a minority stake in Shuqaiq IWPP

🕔Apr 28, 2017

ACWA Power, a developer, owner and operator of independent power generation & water desalination plants, and Arab Petroleum Investments Corporation (APICORP), a multilateral development bank established in 1975 by the 10 member states of the Organization of Arab Petroleum Exporting Countries (OAPEC), announced the signing of a sale and purchase agreement in respect of an 8% effective stake in Shuqaiq Independent Water & Power Project (Shuqaiq IWPP) in Saudi Arabia.

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Saudi Arabia prequalifies firms for 700MW of wind and solar

Saudi Arabia prequalifies firms for 700MW of wind and solar

🕔Apr 18, 2017

The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has shortlisted qualified companies for round one of the National Renewable Energy Program (NREP).

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Saudi Arabia cancels tenders for two 50 MW plants in Al-Jouf and Rafha

Saudi Arabia cancels tenders for two 50 MW plants in Al-Jouf and Rafha

🕔Mar 10, 2017

Saudi Electricity Company (SEC) has canceled the tender process for two photovoltaic solar projects just prior to submission date.

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Dubai receives 12 bids for pumped-hydro storage consultant

Dubai receives 12 bids for pumped-hydro storage consultant

🕔Mar 1, 2017

Dubai Electricity and Water Authority (Dewa) call for bids for the provision of engineering consultancy services for a pumped-storage hydro project in Hatt and a total of 12 bids have been placed in response.

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Saudi Arabia launches RFQ for 700 MW of wind and solar

Saudi Arabia launches RFQ for 700 MW of wind and solar

🕔Feb 24, 2017

Saudi Arabia has launched Request for Qualifications for 700 MW of solar and wind energy. The government aims to award the contracts by September, with the cost of power forecast to be record low. The projects involve 300 MW of solar plants in the al-Jouf area and 400 MW of wind projects in nearby Tabuk.

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ACWA Power set to launch new clean energy company to capitalise on the MENA market potential

ACWA Power set to launch new clean energy company to capitalise on the MENA market potential

🕔Nov 18, 2016

ACWA Power, a developer, investor, and operator of a portfolio of power generation and desalinated water production plants, is set to launch a new company that will group its existing renewable energy portfolio and act as a platform to capitalise on the rapidly growing market potential for renewable energy in emerging markets.

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Saudi Electricity Company invites expressions of interest for 5,400 MW combined cycle IPP

Saudi Electricity Company invites expressions of interest for 5,400 MW combined cycle IPP

🕔Nov 14, 2016

Saudi Electricity Company (SEC) has resquested expressions of interest (EOI) in respect of the potential development of a 5,400 MW combined cycle Independent Power Plant (IPP) operating on natural gas as primary fuel, to be located in Al Al Wasia area (90 km from Riyadh), the central region of Arabia Saudi.

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ACWA Power enhances Revolver facilities to SAR 3.5 Billion

ACWA Power enhances Revolver facilities to SAR 3.5 Billion

🕔Aug 26, 2016

ACWA Power has announced the increase of its revolver facility by SAR600 million. The amount increases the 2015 revolver facility, which will continue to stand and now totals SAR 1,309 million (USD 349 million).

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Saudi Electricity Company seeks developers for 100 MW PV solar plants

Saudi Electricity Company seeks developers for 100 MW PV solar plants

🕔Jul 27, 2016

Saudi Electricity Company (SEC) has launched request for pre-qualifications to develop two 50 MW solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia. 

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Saudi Arabia seeks interest for 100 MW PV plants

Saudi Arabia seeks interest for 100 MW PV plants

🕔Jun 16, 2016

Saudi Electricity Company (SEC) has launched a request for expression of interest (RFEOI) to develop two solar photovoltaic (PV) Independent Power Plants (IPPs) to be located in Al-Jouf and Rafha, north of the Kingdom of Saudi Arabia.

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Saudi Electricity Co signs $900 M loan for Shuqaiq plant

Saudi Electricity Co signs $900 M loan for Shuqaiq plant

🕔May 27, 2016

Saudi Electricity Co, a state-controlled monopoly on the generation, transmission and distribution of electric power in Saudi Arabia has signed a US$900 million loan agreement with the Export-Import Bank of Korea (KEXIM) and other international lenders for the financing of Shuqaiq Steam Power Plant.

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Saudi Total announces new General Manager

Saudi Total announces new General Manager

🕔Nov 12, 2015

Saudi Total, a joint venture between Zahid Group and Total, has announced the appointment of Hisham Atalla as General Manager.

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ACWA Power announces first closing of Powervest Fund

ACWA Power announces first closing of Powervest Fund

🕔Feb 3, 2015

Saudi Arabia's International Company for Water & Power Projects (ACWA Power) has announced the closing of the Powervest Fund with commitments of SR596 million ($159 million).

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IFC invests in ACWA Power to support renewable energy throughout MENA

IFC invests in ACWA Power to support renewable energy throughout MENA

🕔Jul 8, 2014

World Bank's International Finance Corporation will invest up to $100 million in ACWA Power, which will help the company significantly increase the amount of power it generates from renewable sources and meet growing energy demand throughout the Middle East and North Africa.

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ACWA Power increases its ownership in Shuqaiq IWPP

ACWA Power increases its ownership in Shuqaiq IWPP

🕔Apr 9, 2014

ACWA Power announced last week their fully owned subsidiary namely Saudi Arabian Water and Electricity Company (SAWEC) acquired a 6% indirect shareholding in Shuqaiq Water and Electricity Company (SqWEC) from Mitsubishi Corporation of Japan. 

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