Latest news with #SepcoIII
Zawya
30-06-2025
- Business
- Zawya
UAE, China launch service centre to boost $400bln Arab trade
UAE and China recently launched Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum held in Qingdao recently – that is aimed at increasing the $400 billion trade between China and the Arab world. A total of 40 important projects were signed during the Forum, with a total value of $5.93 billion, covering industries such as high-end equipment, new energy and new materials, and next-generation information technology, said the organisers. This service centre was established by the SepcoIII Electric Power Construction Co and Hisense Group. Leveraging the two companies' long-standing presence and influence in the UAE and other Middle Eastern countries, the Centre aims to serve as a new bridge for China-Arab economic and trade cooperation and to better support the overseas development of enterprises. Trade between China and Arab countries has a long history, dating back over 2,000 years, with China being an important trading destination for the Arab world since the Islamic caliphate later through the Silk Route that connected China with the Arab World. Saudi Arabia is a key trading partner for China, with a bilateral trade volume of $107.53 billion in 2024, while trade between China and the UAE reached $101.838 billion, a 7.2 percent increase year-on-year, demonstrating resilience in trade despite global economic fluctuations, it stated. China's engagement with Arab states is viewed as a strategic move to diversify partnerships and reduce reliance on any single power, particularly the United States, said experts. Chinese companies are increasingly involved in various sectors in Arab countries, including energy, infrastructure, manufacturing, and new energy. Chinese companies are participating in infrastructure projects like ports and industrial zones, contributing to the development of trade hubs in the region, they stated. The launch of the QOISC comes six months after two-way trade between China and Arab countries saw a substantial increase, exceeding $400 billion in 2024, according to the London-based International Finance magazine. This represents a more than ten-fold increase from $36.7 billion in 2004. More than 15,500 Chinese companies have invested more than $6 billion in the UAE, according to UAE Ministry of Economy. Organised by the Qingdao Municipal People's Government and China India Middle East and North Africa (Chimena) Business Council, the Forum was co-hosted by the Ministry of Commerce of the People's Republic of China and the Shandong Provincial Department of Commerce. Abdulla Albasha Alnoaimi, UAE Commercial Attaché to China and Zeng Zanrong, Secretary of the Qingdao Municipal Party Committee of the Chinese Communist Party, unveiled the QOISC at the Forum. Held under the theme 'Innovation-Driven, Mutually Beneficial: Promoting China-Arab Economic and Trade Cooperation to New Heights,' the China-Arab Business Forum drew 465 multinational companies, including 135 Fortune Global 500 companies and 330 industry-leading enterprises from 43 countries across the globe. Of these, 417 were foreign multinational corporations. Three focused match-making meetings were also held on the sidelines of the China-Arab Business Forum. More than 300 Chinese companies participated in the match-making sessions with companies from Egypt, UAE and Saudi Arabia. Speaking at the event, Mohammed Saqib, Secretary-General of Chimena Business Council, said: "The launch of the service centre is a significant move that will play a significant role in accelerating the $400 billion trade between the two growing economic blocks." "The QOISC combines the strength of the public and private sector to push for greater economic co-operation that will bring not only the businesses, but also the peoples of these regions closer through trade, tourism and cultural cooperation," he noted. Using the UAE as a hub, the QOISC will accelerate the formation of an export-oriented alliance targeting regional markets, remarked Saqib. "It will actively engage in activities such as overseas industrial parks, international exhibitions, and procurement resource matching, linking business opportunities, optimising resources, and fostering coordinated development," he stated. "This will further contribute to deepening trade and investment partnerships and to jointly building the Belt and Road Initiative," he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
19-02-2025
- Business
- Trade Arabia
Mitsubishi Power completes GTCC power station at Alba plant
Mitsubishi Power, a power solutions brand of Japanese group Mitsubishi Heavy Industries (MHI), today (February 19) announced the successful completion of the Power Station 5 Block 4 gas turbine combined cycle (GTCC) power plant at Aluminium Bahrain (Alba). This plant is powered by Mitsubishi Power's state-of-the-art, hydrogen-ready M701JAC gas turbine and steam turbine. The high-efficiency power plant was developed by a Mitsubishi Power consortium with SepcoIII to expand Alba's captive power generation capacity in line with its growth and sustainability objectives, and to help accelerate the sustainable economic development of Bahrain, said the Japanese group in a statement. With a combined cycle output of 680.9 MW, the Mitsubishi Power M701JAC gas turbine represents the first deployment of this advanced JAC technology in a Middle Eastern aluminium smelter, contributing to Alba's decarbonization goals while ensuring energy security for its operations. The announcement was made during a ceremony held at Alba's Power Station 5 site attended by high-level officials from Alba including the Chairman of the Board Khalid Al Rumaihi, Chief Executive Officer Ali Al Baqali, Chief Power Officer Amin Sultan, and Alba's Executive Management Team and a senior delegation from Mitsubishi Power led by Takashi Tozawa, Vice President, Energy Systems at MHI and Khalid Salem, President, Middle East and North Africa, Mitsubishi Power. Senior officials from SepcoIII were also present including its Vice President, Kong Lingfen. Mitsubishi Power was able to complete the contract a month ahead of schedule and this new milestone marks the successful execution of the project, reinforcing its track record in the delivery of high-efficiency and reliable power solutions for energy-intensive industries. On the project completion, Tozawa said: "We are honored to celebrate this landmark project which introduced Mitsubishi Power's state-of-the-art power generation technology to the Mena region and we are proud to mark the completion of this significant milestone for our partner Alba." "The successful start of commercial operation at the Power Station 5 Block 4 project with our world-leading, hydrogen-ready M701JAC Gas Turbine is a testament to our dedication to support our customers meet their energy goals as well as to decarbonizing heavy industry," he stated. "This milestone not only underscores our strong collaboration but also plays a pivotal role in advancing Bahrain's Economic Vision 2030 and building a sustainable energy future for the Kingdom," he added. Al Rumaihi said: "Power Station 5 Block 4 isn't just an expansion of our power capacity, it's a testament for Alba's vision for a sustainable future, and a powerful symbol of what is possible when innovation and partnership converge." "This Project, delivered ahead of schedule thanks to the dedication of our teams and partners like Mitsubishi Power and SepcoIII, propels us forward on our journey to a greener Bahrain, demonstrating that industrial growth and environmental stewardship can go hand in hand," he added. As part of the agreement, Mitsubishi Power will continue supporting Alba through a Long-Term Service Agreement (LTSA), ensuring high availability, reliability, and performance of the gas turbine.
Trade Arabia
19-02-2025
- Business
- Trade Arabia
Mitsubishi Power completes gas turbine power station at Alba
Mitsubishi Power, a power solutions brand of Japanese group Mitsubishi Heavy Industries (MHI), today (February 19) announced the successful completion of the Power Station 5 Block 4 gas turbine combined cycle (GTCC) power plant at Aluminium Bahrain (Alba). This plant is powered by Mitsubishi Power's state-of-the-art, hydrogen-ready M701JAC gas turbine and steam turbine. The high-efficiency power plant was developed by a Mitsubishi Power consortium with SepcoIII to expand Alba's captive power generation capacity in line with its growth and sustainability objectives, and to help accelerate the sustainable economic development of Bahrain, said the Japanese group in a statement. With a combined cycle output of 680.9 MW, the Mitsubishi Power M701JAC gas turbine represents the first deployment of this advanced JAC technology in a Middle Eastern aluminium smelter, contributing to Alba's decarbonization goals while ensuring energy security for its operations. The announcement was made during a ceremony held at Alba's Power Station 5 site attended by high-level officials from Alba including the Chairman of the Board Khalid Al Rumaihi, Chief Executive Officer Ali Al Baqali, Chief Power Officer Amin Sultan, and Alba's Executive Management Team and a senior delegation from Mitsubishi Power led by Takashi Tozawa, Vice President, Energy Systems at MHI and Khalid Salem, President, Middle East and North Africa, Mitsubishi Power. Senior officials from SepcoIII were also present including its Vice President, Kong Lingfen. Mitsubishi Power was able to complete the contract a month ahead of schedule and this new milestone marks the successful execution of the project, reinforcing its track record in the delivery of high-efficiency and reliable power solutions for energy-intensive industries. On the project completion, Tozawa said: "We are honored to celebrate this landmark project which introduced Mitsubishi Power's state-of-the-art power generation technology to the Mena region and we are proud to mark the completion of this significant milestone for our partner Alba." "The successful start of commercial operation at the Power Station 5 Block 4 project with our world-leading, hydrogen-ready M701JAC Gas Turbine is a testament to our dedication to support our customers meet their energy goals as well as to decarbonizing heavy industry," he stated. "This milestone not only underscores our strong collaboration but also plays a pivotal role in advancing Bahrain's Economic Vision 2030 and building a sustainable energy future for the Kingdom," he added. Al Rumaihi said: "Power Station 5 Block 4 isn't just an expansion of our power capacity, it's a testament for Alba's vision for a sustainable future, and a powerful symbol of what is possible when innovation and partnership converge." "This Project, delivered ahead of schedule thanks to the dedication of our teams and partners like Mitsubishi Power and SepcoIII, propels us forward on our journey to a greener Bahrain, demonstrating that industrial growth and environmental stewardship can go hand in hand," he added. As part of the agreement, Mitsubishi Power will continue supporting Alba through a Long-Term Service Agreement (LTSA), ensuring high availability, reliability, and performance of the gas turbine.
Zawya
19-02-2025
- Business
- Zawya
Mitsubishi Power completes GTCC power station at Bahrain's Alba plant
Mitsubishi Power, a power solutions brand of Japanese group Mitsubishi Heavy Industries (MHI), today (February 19) announced the successful completion of the Power Station 5 Block 4 gas turbine combined cycle (GTCC) power plant at Aluminium Bahrain (Alba). This plant is powered by Mitsubishi Power's state-of-the-art, hydrogen-ready M701JAC gas turbine and steam turbine. The high-efficiency power plant was developed by a Mitsubishi Power consortium with SepcoIII to expand Alba's captive power generation capacity in line with its growth and sustainability objectives, and to help accelerate the sustainable economic development of Bahrain, said the Japanese group in a statement. With a combined cycle output of 680.9 MW, the Mitsubishi Power M701JAC gas turbine represents the first deployment of this advanced JAC technology in a Middle Eastern aluminium smelter, contributing to Alba's decarbonization goals while ensuring energy security for its operations. The announcement was made during a ceremony held at Alba's Power Station 5 site attended by high-level officials from Alba including the Chairman of the Board Khalid Al Rumaihi, Chief Executive Officer Ali Al Baqali, Chief Power Officer Amin Sultan, and Alba's Executive Management Team and a senior delegation from Mitsubishi Power led by Takashi Tozawa, Vice President, Energy Systems at MHI and Khalid Salem, President, Middle East and North Africa, Mitsubishi Power. Senior officials from SepcoIII were also present including its Vice President, Kong Lingfen. Mitsubishi Power was able to complete the contract a month ahead of schedule and this new milestone marks the successful execution of the project, reinforcing its track record in the delivery of high-efficiency and reliable power solutions for energy-intensive industries. On the project completion, Tozawa said: "We are honored to celebrate this landmark project which introduced Mitsubishi Power's state-of-the-art power generation technology to the Mena region and we are proud to mark the completion of this significant milestone for our partner Alba." "The successful start of commercial operation at the Power Station 5 Block 4 project with our world-leading, hydrogen-ready M701JAC Gas Turbine is a testament to our dedication to support our customers meet their energy goals as well as to decarbonizing heavy industry," he stated. "This milestone not only underscores our strong collaboration but also plays a pivotal role in advancing Bahrain's Economic Vision 2030 and building a sustainable energy future for the Kingdom," he added. Al Rumaihi said: "Power Station 5 Block 4 isn't just an expansion of our power capacity, it's a testament for Alba's vision for a sustainable future, and a powerful symbol of what is possible when innovation and partnership converge." "This Project, delivered ahead of schedule thanks to the dedication of our teams and partners like Mitsubishi Power and SepcoIII, propels us forward on our journey to a greener Bahrain, demonstrating that industrial growth and environmental stewardship can go hand in hand," he added. As part of the agreement, Mitsubishi Power will continue supporting Alba through a Long-Term Service Agreement (LTSA), ensuring high availability, reliability, and performance of the gas turbine. This ensures that Alba can maintain uninterrupted and efficient power generation, critical for sustaining its aluminium production and supporting Bahrain's industrial growth. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
