Conventional Power Generation

In a groundbreaking collaboration, US-based Air Products and local powerhouse Acwa Power have formalized their commitment to develop a colossal $5bn hydrogen-based ammonia plant in Saudi Arabia. The memorandum of understanding (MoU) signed between the two entities marks a significant step toward the realization of this ambitious project, set to be situated within the $500bn Neom development on the Red Sea Coast—a key megaproject under the Kingd...

Oman Power & Water Procurement Company (OPWP) is steadfast in its commitment to advance the ambitious Manah photovoltaic (PV) solar independent power producer (IPP) projects, with plans to issue tender documents for the 500-600MW Manah 1 and Manah 2 projects in July. Pressing Forward Despite Challenges Despite initial delays attributed to the global impact of the Covid-19 pandemic, OPWP is now gearing up to propel the Manah PV IPPs forward. T...

In a significant milestone for sustainable energy, the consortium led by Saudi Arabia’s Acwa Power has successfully achieved financial close for the planned $564m 900MW fifth phase of the Mohammed bin Rashid al-Maktoum solar park in Dubai. The consortium, demonstrating resilience amid challenges, signed all the project finance agreements with nine lenders, solidifying the project’s financial foundation. This solar endeavor initially g...