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Work to Begin on 400-megawatt Dumat Al Jandal Wind Power Facility in Saudi Arabia
Saudi Arabia will begin producing wind energy at the Dumat Al Jandal site within three years to offset domestic oil consumption and diversify its energy supply, according to reports. Work will begin soon on Dumat Al Jandal, the Kingdom’s first major wind power facility, located in the Al-Jouf province in the north of Saudi Arabia, near the […]
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Vision 2030 economic reforms ‘have started to yield positive results’ in Saudi Arabia, IMF says
The International Monetary Fund (IMF) said that Saudi Arabia’s Vision 2030 economic and social reform plan was starting to pay off for the Kingdom, according to a report issued by the fund after a mission visit. “Economic reforms have started to yield positive results. Non-oil growth has picked-up, female labor force participation and employment have […]
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Saudi Arabia plans 2.6 GW solar park near Mecca
Saudi Arabia is set to issue tenders for 2.6 GW Mecca solar project in 2019, according to reports. The Faisaliah Solar Power Project is planned to be developed in several stages by the Saudi Ministry of Energy, Industry and Mineral Resources and the Development Authority of Mecca. Construction work on the project will begin this year, […]
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Saudi Arabia Explores Interconnected Gas Grid for Region
Saudi Arabia may pursue an interconnected natural gas grid in the region that would link together the Kingdom with Oman, Kuwait, and the United Arab Emirates, according to reports. “I am talking to my colleagues in Oman, Kuwait, UAE, about extending a gas grid in the region and we hope to exchange gas and we also have […]
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Blackstone Establishes Energy Investment Vehicle for MENA Region
Blackstone, the world’s largest buyout group with over $15 billion of equity globally with the energy industry has established Zarou, a company designed to develop, finance, construct and operate energy-related projects in the MENA region. According to the Financial Times, Blackstone will team with Sameh Shenouda, former head of infrastructure equity investments at the UK’s development finance […]
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The Impact of Reforms on The Saudi Retail Experience – Report
A report today in Reuters highlights the impact that Saudi Arabia’s Vision 2030 economic and social reforms are having on Saudi Arabia’s malls and bazaars – which are changing as retailers embrace a shift in shopping habits. “Designer clothes stores and high-end chocolate and flower shops are shutting and fast-fashion, fast-food, budget stores and cinemas […]
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IMF Raises Saudi Arabia GDP Forecast, Non-Oil Growth Gains Momentum; Vision 2030 Reforms Cited
Even without a Saudi Aramco IPO, the Kingdom’s Vision 2030 economic and social reform blueprint is having an undeniably positive effect on the Saudi economy and growth, the IMF said. Real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent, the IMF forecasted. Growth is expected […]
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Kingdom of Saudi Arabia Contributes $100 Million for Syria’s Stabilization Efforts: Raqqa and Areas of Northeast Syria Liberated from ISIS
Saudi Arabia has announced that it has contributed $100 million for Global Coalition to Defeat ISIS-supported stabilization projects in areas liberated from ISIS in northeast Syria, the largest Coalition contribution to date for these liberated areas. “This substantial contribution will play a critical role in the Coalition’s efforts to revitalize communities, such as Raqqa, that […]
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Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]
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ACWA Power to Build 100MW Solar Project in South Africa Following Major Investment Announcements from Saudi, UAE
ACWA Power says it will begin construction this year on a 100MW solar energy plant in South Africa as Saudi Arabia and the UAE announced that the two countries will invest a combined $20 billion into the country, according to reports. The 100MW Redstone concentrated solar thermal power (CSP) plant, whose construction had initially been scheduled […]
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MUST-READS
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Lebanon’s energy minister proposes electricity workaround amid state paralysis
Lebanon’s caretaker Minister of Energy and Water Dr Walid Fayad proposed on Monday a “legal, constitutional and agreeable” workaround solution to stabilise the country's electricity sector. “Today's initiative proposes a comprehensive and lawful solution to the electricity crisis,” Dr Fayad said at the press conference held at the Ministry of Water and Energy. “There is a vacuum and if it continues like this it will threaten and prevent national co-operation for the common good from taking place.”
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Renewables Soon to Overtake Coal in Electricity Generation
The IEA report, released since the Russian invasion of Ukraine, says that the war has led countries "to increasingly value the energy security benefits of renewable energy." Although some of the shorter term solutions may be focused by necessity on fossil or nuclear sources, the future is looking more green. An additional factor in this ongoing shift quoted in the report were the "high fossil fuel and electricity prices resulting from the global energy crisis" that have "made renewable power technologies much more economically attractive".
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Saudi Arabia raises electricity output by 3.35% in 2021
Saudi Arabia’s total production of electricity jumped to 358,637 gigawatts per hour by the end of 2021. This marked an increase of 11,609 gigawatts, equivalent to 3.35 percent, compared to 2020, when production was about 347,028 gigawatts, according to recent figures released by the General Authority for Statistics (GaStat). The total residential consumption of electricity accounted for about 142,484 gigawatts per hour, and this figure marked an increase of 3.5 percent, equivalent to 4825 gigawatts per hour, compared to the previous year.
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Saudi Electricity Co. signs contracts worth $720m to implement smart grid projects
The Saudi Electricity Co. signed two contracts at a combined value of SR2.7 billion ($720 million) with a Chinese and a Saudi company for a project to supply and install 60,000 smart devices to the Kingdom’s electricity distribution network, the Saudi Press Agency reported. The project also involves connecting the country’s distribution network with advanced control centers over the next two years as SEC looks to automate and develop electrical networks in line with its digital transformation strategy.
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Saudi move to export electricity and hydrogen to Europe via Greece
They underscored the significance of cooperation between the two countries in the field of clean hydrogen, including low-carbon hydrogen, green hydrogen, and its transfer to Europe. In this context, they highlighted the importance of the memorandum of understanding signed between the two countries in the field of energy and the formation of a joint technical team to carry out the necessary studies in the field of electrical interconnection and exporting electricity to Greece, as well as exporting electricity and hydrogen to Europe through Greece.
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Deep Data: GCC electricity and Iraq’s reliance on Iran
The framework agreement for the GCCIA-Iraq project was signed in 2019. It involves the transmission of electricity to southern Iraq from a substation in Kuwait via power lines with a total capacity of 1.8 GW. However, experts do not foresee actual Iraqi imports of “more than 500MW, maximum 1,000 MW.”
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Saudi Arabia, Iraq Sign Electricity Interconnection Agreement
The electrical interconnection will link from Arar in northern Saudi Arabia to Yusufiya near Baghdad and have a capacity of 1,000 megawatts and a voltage of 400 kilovolts, with a length of 435 km. The contract includes the authority's construction of lines from its substation in Kuwait to the al-Faw station in southern Iraq to supply it with about 500 megawatts of energy from the Gulf countries. Construction work will take about 24 months with a total transmission capacity of 1800 megawatts.
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Iraq’s Perennial Electricity Problem and Its Implications for Social Stability
Nearly two decades after the fall of Saddam Hussein’s statues, the Iraqi government still struggles to provide its society with electricity around the clock. The Iraqi electricity sector suffered even before the 2003 invasion, but the last 19 years have seen it weakened even more due to severe corruption and gross negligence. The plans put forth by the government to tackle the lack of electricity have more often proven an easy way for officials to embezzle funds through lucrative contracts than a way to improve the lives of Iraqi citizens. As a result, instead of leveraging its own resources, Iraq has become more reliant on Iran to meet its electricity demands.
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Ethiopia begins generating electricity from controversial Nile dam
Egypt, Sudan, and Ethiopia have been negotiating for nearly a decade to reach an agreement on key outstanding issues related to the impact of the $4.6bn GERD on their water security. Egypt's foreign ministry on Sunday accused Ethiopia of further violation of a preliminary deal signed between the three nations in 2015, prohibiting any of the parties from taking unilateral actions in the use of the river's water.
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Modeling and Forecasting Industrial Electricity Demand for Saudi Arabia: Uncovering Regional Characteristics
We apply structural time series modeling to annual data over the period of 1990 to 2019. In addition to estimating the size and significance of the price and income elasticities for regional industrial electricity demand, this study projects regional industrial electricity demand up to 2030.
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