Dubai: How Energy efficient are we?
According to the President of the Dubai Electricity and Water Authority, Dubai has a surplus energy of 30 percent. Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dewa, while talking to the media asserted that 'Dewa is working hard to reliably and efficiently meet consumers' needs and development projects in various economic and social sectors, and provide for the emirate's requirements in electricity and water.'
"Dubai has a 30 percent energy surplus and the completion of the M station for power generation and water desalination plant in Jebel Ali, will increase the power generation capacity in the emirates." Saeed Al Tayer, CEO and Managing Director of Dewa said, "Dewa has enough reserves of electricity and water until 2020."
According to Research Company Business Monitor International in its power report for Middle East and Africa primary energy demand in the UAE will increase by more than 71 percent by 2019. But that demand will be met if the country’s utility providers generate annual energy growth of 5.4 percent over the next nine years.
The station for power generation and water desalination at Jebel Ali, which will have a production capacity of 2,000 MW and produce 140 million gallons of desalinated water per day, at a cost of more than Dh10 billion, constitutes one of the main pillars of Dewa's production capacity, he said. He added that Dewa recorded a 4 percent increase in the number of consumers to 630,000, adding 22,000 new accounts. While 75 percent of the consumers are residential accounts and 25 percent are commercial.
- Yemen and lifting energy subsidies: the great struggle
- Playing things safe: is China diversifying away from GCC oil imports?
- Taking the lead: the US' newfound role in energy markets and what it entails for the region
- Watch out, Qatar: How Cyprus is poised to become the EU’s new energy hub
- No wonder it's resorting to Israel: how Egypt's gas production is falling victim to debt