#power generation

TAQA’s nine-month net income reaches Dhs15bn

TAQA Group posts Dhs15bn in nine-month net income

The company’s board of directors declared a third interim cash dividend for the year of 0.65 fils per share (approximately Dhs731m)

PIF subsidiary, ACWA Power to develop MENA’s largest solar plant in Saudi Arabia

The 2,060MW solar plant is set to be developed in Saudi Arabia’s Makkah province

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ACWA Power names China’s Silk Road Fund as co-investor in $1bn project in Uzbekistan

ACWA Power owns 51 per cent of the 5 GW Sirdarya combined cycle gas turbine facility, with Silk Road Fund obtaining a 49 per cent stake

Top UAE power producer joins global peers in renewables push

About 30 per cent of Taqa’s total generation will be made up of solar or wind plants

SAUDI-HEALTH-VIRUS

Saudis stuck home for summer burn more oil for air conditioners

The extra oil going toward power may limit the price impact of OPEC’s plan to taper output restrictions from next month