UAE to see 40 per cent generation growth

• 13 years ago (2011-07-26)
• Junior Isles

Africa 320 Middle East 326

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In order to match its growing demand the UAE will achieve nearly 40 per cent growth in its electricity generation by 2020, according to the UAE Power Report from Business Monitor International (BMI).

The country will account for over 7 per cent of Middle East and African (MEA) power generation by 2015. “Between 2011 and 2020 BMI forecast an increase in UAE electricity generation of 39.6 per cent, near the bottom of the range for the MEA region. This amounts to 18.2 per cent in 2015-2020, up from 18.1 per cent between 2011 and 2015,” the report said.

The report forecasts that primary energy demand growth in the UAE is set to increase from 17.6 per cent between 2011 and 2015 to 22.1 per cent, at 43.6 per cent for the entire forecast period.

“The BMI’s MEA power generation assumption for 2010 is 1222 TWh, representing an increase of four per cent over the previous year when markets were depressed by the economic slowdown.”

The Gulf Cooperation Council (GCC) countries are projected to invest more than $300 billion in major energy projects by 2020. Qatar, which is set to spend $125 billion in new energy projects, will remain the main driver of this ambitious power generation drive in the GCC, according to Epoc Messe Frankfurt.