دبي – Major electricity contracts in August 2026 were dominated by projects across the Middle East and North Africa. Saudi Arabia, Oman, Egypt, and Morocco led the list of significant deals announced during the month. The transactions reflect a broadening scope of investments in regional power infrastructure and clean energy sectors.
Saudi Grid Expansion Financing
The largest deal involved a three-billion-dollar financing agreement for grid expansion in Saudi Arabia. Saudi Electricity Company partnered with France’s BNP Paribas and HSBC to fund network upgrades. This move supports the country’s goal of enhancing grid reliability and capacity. The agreement was signed during high-level diplomatic talks between Riyadh and Paris.
Oman Gas Power Plant Contract
In Oman, Doosan Enerbility secured a contract worth approximately 671 million dollars for the Masfah power plant. The facility will have a capacity of 1,700 megawatts using combined cycle gas technology. Construction is scheduled to finish by April 2029, significantly boosting local energy supply in the capital region.
Morocco Waste-to-Energy Initiative
Morocco launched a 1.5 billion dollar waste-to-electricity project in Casablanca. A consortium comprising Candivia Inova, Nariva, and Itochu will build the plant near the Mdeina landfill. The facility aims to process 1.5 million tons of waste annually while generating 115 megawatts of power through mixed fuel sources.
Egypt Renewable Energy Agreement
Egypt signed a power purchase agreement with UAE-based Alcazar Energy for a wind farm in Zafarana. The 407-megawatt plant will operate under a Build-Own-Operate model. Commercial operations are expected to begin in 2028, contributing to Cairo’s target of reaching 45 percent renewable energy capacity by 2030.
This story was produced in the newsroom from the disclosed sources named above.
