Experts expect huge increase in energy projects
Some of the biggest contract wins of 2010 will be in the power sector
Energy experts based in the Middle East say the GCC is poised to make large-scale investments in energy projects, in line with a rising demand for power between now and 2030.
Organisers of the GCC Power conference 2010 are confident that over the next 20 years, demand for power will spiral by 85% compared with 2008 levels – stimulating some of the world’s largest energy projects in the region.
The International Council on Large Electric Systems’ (CIGRE)’s GCC chairman Thani Al Khusaibi, said: "This is a crucial transition period for the GCC's electricity sector as increasing industrial activity and growing population continue to drain electricity supply levels.
“We are now witnessing large-scale development projects implemented all over the region to address the spiralling demand for electricity and it is our mission to help ensure the success and sustainability of these projects by promoting a healthy exchange of information and expertise in the field of electricity systems.”
Among some of the biggest contract wins announced recently include a US $ 3.5 billion contract awarded to Dodsal Group for the engineering, procurement, installation and commissioning (EPIC) of a Common Cooling Seawater System in Qatar, whilst nuclear projects have been announced in places like Kuwait and Egypt.
Addressing some of the challenges and trends in the sector, GCC Power 2010, taking place from October 18 to 20, 2010 at the Ritz Carlton Hotel in Doha, Qatar, will gather some of the biggest names in today’s the power industry.