ME a global hotspot for power projects
Rising electricity demand is leading to many new power projects.
Utility companies face demand and consumption doubling, and even tripling, in 20 years. “We expect to see a plethora of power projects emerging,” said Anita Mathews, exhibition director of Middle East Electricity.
“As with all industries, the global slowdown has had its effect on the energy industry, but in spite of the recent focus on cash-strapped governments, the region is a world hotspot as far as largescale projects and plans are concerned.
“Governments across the Middle East face massive shortfalls when comparing demand and supply for both water and electricity. Those governments are committed to developing projects to overcome these shortfalls,” said Mathews.
For example, Kuwait plans to spend US$15 billion to double power capacity to 20 000 MW by 2020. Saudi Arabia’s power consumption could rise 57% to 65 000 MW by 2018. The Abu Dhabi Water and Electricity Company sees power demand more than doubling by 2020.
Dubai is tendering its first-ever private deal for a power generation and water desalination plant, while the UAE recently awarded a US$40 billion contract for the GCC’s first nuclear power plants.
Middle East Electricity is the region’s largest trade show for the power and energy sector, and is now in its 36th year. The main focus is power generation, transmission and distribution; commercial, industrial and residential lighting; water; new and renewable energy; and nuclear energy.