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Ramboll Energy looks to Middle East for growth

The energy unit of Denmark's Ramboll Group is optimistic about growth in the region, where demand is driven by population growth and "a demand for energy efficiency"

Ramboll Energy expects increased power demand in the Middle East. [Representational image]
Ramboll Energy expects increased power demand in the Middle East. [Representational image]

Ramboll Energy, the power and energy unit of Danish consultancy Ramboll Group, is keen to focus on the Middle East as a part of its international growth strategy. 

Previously in the week, the consultancy said its revenue increased by 28% in 2015 despite difficult market conditions.

The company reported a 0.5% drop in EBITA due to the “significantly lower performance” of Ramboll’s oil and gas units, as well as “write-downs on a few large buildings projects” across the company’s global operations. 

However, Ramboll Energy spokespeople have expressed confidence in the company's growth prospects. 

Thomas Rand, managing director of Ramboll Energy, said:  “We have been able to apply our expertise and experience from Denmark and the rest of the Nordics to our international projects.

"Our clients in Denmark have willingly showcased our projects to potential international clients and in this way proved the value of our services." 

Ramboll Energy said the Middle East is driven by "economic and population growth as well as a demand for energy efficiency, supply security of water and electricity, and acceptable waste management". 

The company is working on a 500MW district cooling project in Mecca, Saudi Arabia. 

Furthermore, power transmission consulting is also finding increased demand in global markets, Rand said.  

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Construction Week - Issue 741
May 11, 2019