Expo explores future energy and water needs
UAE and wider GCC enters period of unprecedented demand-led growth.
HE Abdulla Saif Al Nuaimi, CEO Abu Dhabi National Energy Company (Taqa), opened the third Power Generation and Water Middle East show at the Abu Dhabi National Exhibition Centre (ADNEC) yesterday.
The three-day event will focus on planning, sustainability and supply as the UAE and wider GCC enters a period of growth.
In total, 117 exhibitors from 26 countries are taking part in the event, which covers all aspects of power generation and water resource sustainability from development and construction through to delivery and ancillary services. Participants include Siemens, Hyundai, NGK Insulators and SWAN Systems.
“Planning, sustainability and supply are the key issues that we have highlighted in our strategic plan and with the support of Public Private Partnerships (PPP) we are confident of achieving our objectives,” said Al Nuaimi.
The UAE has one of the highest rates of water consumption in the world and with almost 17% of the population under the age of 15, domestic water consumption will rise over the next 10 to 20 years.
“With budget reviews and austerity measures announced in many of the more developed economies in Europe and the US, companies operating in the water and power sectors are finding a wealth of opportunity here in the UAE and wider Middle East,” said Anita Mathews, exhibition director at event organiser IIR Middle East.
Recently, research revealed that primary energy demand in the UAE will increase to 71% by 2019 and the UAE would need to increase its output by at least 5% per annum to meet that demand, until 2020.
“Currently there is almost $1.4 trillion worth of development projects planned or under way throughout the GCC countries, with the UAE responsible for over 50% of those projects. In terms of power and water, Abu Dhabi has committed to spend $16.3 billion over the next five years alone,” added Mathews.