GCC pursues world's largest electricity projects as analysts expect region's energy demand to increase 85 per cent by 2030
The GCC is poised to make large-scale investments for energy projects, technologies and techniques in line with the region's spiralling energy demand, which is expected to increase by up to 85 per cent in 2030 over 2008 levels. In this regard, development and expansion initiatives in the GCC's electricity sector have been attracting the attention of major international companies as the region undertakes some of the largest electricity projects in the world, including a recent USD 3.5 billion contract awarded for an electricity network expansion in Qatar.
Building on the GCC's strong growth prospects, global industry players will be discussing the latest development prospects, trends and challenges in the electricity sector at GCC Power 2010, the 8th Regional Conference for National Committees of CIGRE (the International Council on Large Electric Systems) in the Arab Countries and the 15th Exhibition for Electrical Equipment to be held from October 18 to 20, 2010 at the Ritz Carlton Hotel in Doha, Qatar. The exhibition will cover all aspects of the production, transportation and distribution of electricity and will provide leading industry professionals, manufacturers, suppliers, contractors and specifiers a direct access to project directors, GCC ministries, government bodies and a variety of high-level decision makers involved in the electricity sector.
Engineer Thani Al Khusaibi, Chairman, GCC CIGRE, 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. GCC Power 2010 certainly provides an excellent platform for us to reach out to a wider range of audiences and generate greater awareness through various conferences, seminars and research activities."
- Saudi accounts for half of SAR 607.5 billion in power projects being developed all over the GCC
- Arab Electricity Ministers to address key energy issues at Middle East power summit
- Egyptian electricity sector requires EP3 billion investments annually
- Iraq needs US$20 billion investment to cover electricity needs
- Demand for electricity in GCC rising up to 10 percent per annum