Iraq asked investors to compete to build four power plants and help the country meet burgeoning electricity demands, promising a healthy profit for the winners.
Iraq entices investors
Energy
Renewable energy to become more important in Saudi Arabia
Saudi Arabia expects renewable sources to contribute greater amounts to its total energy consumption as its need for power triples over the next two decades.
Saudi to build solar power plant
Vision Electro Mechanical Company, a subsidiary of Saudi based Construction Products Holding Company (CPC), plans to construct a 130KW solar power plant in the Kingdoms Bahra region in alliance with California-based SolFocus.
Egypt is expanding its power capabilities
Egypt is in the process of expanding the countrys power capabilities by building new power plants and is taking the first step to the creation of an Egyptian Electricity Market which would be a first for the region.
Syria builds new power plant
Syria has awarded Ansaldo Energia, a unit of Italys Finmecannica, and Greeces Metka, part of Mytilineos Holdings, to build a $973mn power generating plant in the country.
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