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FINANCIAL NEWS
HEC wins deal for 2400MW power project in UAE
03 Jul 2016
(MENAFN) Dubai Electricity and Water Authority (DEWA) has picked Hassyan Energy Company for a mega EPC contract to Harbin Electric International and General Electric (GE).
In detail, HEC will work on the project to generate 2.400 megawatts (MW) Clean Coal for a joint venture between Dewa (51 per cent) and Acwa Power Harbin Holding Company (49 per cent).
Moreover, the project comes after closing a 25-year Power Purchase Agreement (PPA) between Dewa and Saudi-based Acwa Power for the development of phase one of the Hassyan Clean Coal IPP project.
The first clean coal power plant in the Middle East, Hassyan will see the ultra-supercritical plant deliver best in class performance on efficiency, output and adherence to global environmental best practices.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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