ACWA Power signs deal worth up to USD 1.5 billion that will provide power to over 1 million households in partnership with Hassan Allam Holding.
Saudi Crown Prince Mohammed bin Salman is set to embark on a regional tour to bolster international co-operation.
According to a report by Apicorp, energy investments over the next five years are set to grow by 9% to each USD 879 billion as exporters boost spending on the back of higher oil revenues.
Masdar, Abu Dhabi’s sovereign investment company’s green energy producer, and Egypt’s Infinity Energy are set to buy a majority stake in South Africa’s Lekela Power. The deal would involve buying private equity firm Actis’ stake, in a deal valued near USD 1 billion.
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, recently announced that the country expects to see investments of between USD 7 billion and USD 8 billion in the country’s energy sector in the current fiscal year.
In an effort to further renewable energy development SCzone, Egypt’s sovereign wealth fund, has signed a deal to implement the production of 300,000 tons of green ammonia.
The Kingdom of Morocco is aiming to increase its renewable energy output to 12 gigawatts by 2030, according to government sources. The announcement was made at the World Utilities Congress in Abu Dhabi.
he Democratic Republic of Congo’s (DRC) state electricity company, Société Nationale d’Électricité (SNEL), and Dubai-based independent power producer, AMEA Power, have signed a Memorandum of Understanding (MoU) to begin exploring the production of 30 megawatts of power in the DRC.
Until recently, Namacurra district, in the Zambezia province of Mozambique, some 1,500 km from the capital Maputo, did not have…