UAE's new power plant to fueling economic growth
The utilities sector has remained a key ingredient to the success of the UAE economy for more than four decades as the country’s leadership has ensured uninterrupted power supply to its residents and business establishments.
The federal and local governments have effectively utilised their present resources for future growth and development. The inauguration of the largest power plant, the M Station, by the Dubai Electricity and Water Authority, is a continuation of the government’s commitment to support growth by maintaining a higher capacity than demand. The new power plant will ensure more-than-adequate power supply, not only to Dubai’s consumers, but — through the national grid — also to other emirates when needed.
The other important aspect of the country’s utility sector is the higher efficiency level of the plants of 84 to 90 per cent that help ensure that the country gets the best output from fossil fuels. This is much higher than the average global efficiency level. In order to boost energy security, the UAE authorities have also begun investing in renewable energy and clean nuclear energy projects that will ensure a better energy mix to power future growth and sustainability of the economy. Due to these factors, most people in the UAE take power and water for granted as there has never been a shortage of either. However, the authorities and social institutions should help create awareness to reduce high per capita energy usage and promote conservation and responsible use of energy.
- To Bibi or not to Bibi: Israeli's and the cost of living question
- A crisis in the cards? UN official warns of economic downslide in Turkey
- The diversification 'diverse': Dubai stocks extend losses with crude oil
- Sharjah official says economy is healthy, diverse
- Bahrain: Social responsibility ‘vital for companies’
- The Future of IPPs in the GCC: New Policies for a Growing and Evolving Electricity Market
- Two Independent Power Plants in Kurdistan Featuring GE Technology Will Help Meet Northern Iraq’s Growing Energy Demands
- HONEYWELL ANNOUNCES STRATEGIC ALLIANCE WITH FIBRLINK TO IMPROVE POWER PLANT EFFICIENCY IN CHINA
- 2009 first half results - Ducab reports improvement plans for future growth on track