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Energy

Masdar succeeded in getting US$615mn in financing from banks for the worlds biggest concentrated solar power plant (CSP).

Iraq has awarded a US$125mn contract to a Saudi Arabian company to build a power plant with a total capacity of 150 MW in the southern city of Basra.

Saudi Electricity Company (SEC) has awarded contracts to local contractors to reinforce two existing power plants in the kingdom.

South Koreas Hanwha Engineering & Construction has won a US$1.05 billion order to build power and seawater desalination facilities in Yanbu Industrial City (YIC).

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