Wednesday, March 6, 2013

UAE power sector are promising. The nation plans to invest more than US$ 50 Billion of funds in the sector till around 2015

UAE is a rapidly growing economy whose electricity sector needs are anticipated to increase upto 50% in order to meet its growing demand for power, by the year 2020. UAE also has one of the highest levels of per capita power consumption across the globe. The electricity consumption in the UAE region is slated to cross 100 TWh by 2012, putting pressure on the supply side. In fact, the power demand is expected to increase at one of the highest rate in the Middle East region till 2020.  Government’s projections for investment into the UAE power sector are promising. The nation plans to invest more than US$ 50 Billion of funds in the sector till around 2015. In fact, till the year 2020, private sector is projected to be presented with an opportunity to invest upto US$ 100 Billion into the power generation sector.

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