Acwa Power News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The kingdom is trying to juggle its still-vital petroleum industry with alternative energy sources like wind and solar as it faces pressure to lower carbon emissions.

Saudi Electricity Company (SEC) has announced that it has secured financing worth SAR11.4 billion ($3.04 billion) for the Taiba 1 and Qassim 1 independent power plant projects, which have a combined cycle gas turbine (CCGT) capacity of 3,600MW.

Acwa Power, a leading Saudi developer of power and desalination projects, has announced that the project company for the Shuaa Energy 3 plant in Dubai has obtained the commercial operation certificate for a key phase of the facility.

Veolia, the global water technology leader, has announced that one of its key subsidiaries, Sidem, has secured a $320-million contract to provide engineering services and supply key technologies for the Hassyan seawater desalination plant in Dubai.

The 3rd Tashkent International Investment Forum (TIIF) attracted significant global investor interest, resulting in agreements worth $26.6 billion. The event saw over 2.5 thousand participants from 93 countries. Key highlights included presentations of regional energy projects and agreements signed for various projects. These included infrastructure development, wind farms, heat supply system modernization, sugar production, textile manufacturing, and food processing. The forum also discussed economic development, supporting small and medium-sized businesses, retail trade challenges, digital t...