Arab Today, arab today uae’s power sector exceeds consumption growth
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Arab Today, arab today
Arab Today, arab today

UAE’s power sector exceeds consumption growth

Arab Today, arab today

Arab Today, arab today UAE’s power sector exceeds consumption growth

Kuwait City - Arabstoday

Kuwait Financial Centre (Markaz) recently published the executive summary of its infrastructure series covering power, airports, seaports, roads & railways, ICT and water. In this research note, Markaz tackles UAE power sector in terms of highlighting demand-supply trends, growth drivers, and future investment areas. Power sector in the UAE had been seeing a rise in tandem with the economic growth it has achieved over the last decade. Power generation capacity in the country grew at a compounded rate of 12 percent per annum during the last 5 years and current capacity stands at about 30,000MW. Power consumption meanwhile grew at a slightly lesser pace of 8 percent during the same period. Currently, 98 percent of the power plants are fired by natural gas and the remaining 2 percent are run by liquid fuels. Contribution of natural gas as fuel in the power sector is just 49 percent in Saudi Arabia and 29 percent in Kuwait. This gives UAE an advantage as gas fired plants are efficient and the fuel is cheaper as well compared to oil. Although the country\'s gas consumption has outpaced production, it imports natural gas from Qatar through the Dolphin gas pipeline. Power sector in the UAE is operationally controlled by four main regulators - Abu Dhabi Water & Electricity Authority (ADWEA), Dubai Water and Electricity Authority (DEWA), Sharjah Water and Electricity Authority (SEWA) and Federal Water and Electricity Authority (FEWA), which oversees the operations in the northern emirates. Of this, ADWEA is the largest, accounting for 42 percent of total generation capacity. Over the next four years, Markaz estimates consumption to grow at 8.5 percent annually, with much of the growth coming from Abu Dhabi. While Dubai expects consumption to grow at 3.5 percent over the next decade and at 2.5 percent from 2020-2030, Abu Dhabi expects demand to grow by 11 percent annually till 2015. Abu Dhabi Water & Electricity Company (ADWEC) supplies electricity to Abu Dhabi, Al Ain and also exports the surplus to northern emirates. Additionally, by 2014, FEWA is expected to stop its generation and rely on ADWEA for power. According to ADWEC estimates, power exports to northern emirates are expected to increase from 2,400 MW in 2012 to 5,827 MW in 2020. Markaz expects large investments in alternate energy space. Abu Dhabi\'s Economic Vision - 2030 aims at generating 7 percent of its energy requirements from the renewable resources. Masdar, also called Abu Dhabi Future Energy Company, concentrates on carbon free power generation. Masdar Power is developing a 100MW Shams 1 Concentrated solar power (CSP) power plant in the western parts of Abu Dhabi. They are also working on a 30MW wind farm in addition to a plan to construct the world\'s largest hydrogen power plant by 2015. Emirates Nuclear Energy Corporation (ENEC) was formed to harness the power of nuclear energy. By 2017, they envisage constructing the first nuclear power plant and by 2020 UAE will have 4 nuclear power plants in total with a gross installed capacity of 5,600MW with an estimated capital cost of around $20 billion. In January 2012, Dubai\'s Supreme Council of Energy unveiled its 1000 MW solar park estimated to cost around $3.5 billion. From : Arabnews

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Arab Today, arab today uae’s power sector exceeds consumption growth Arab Today, arab today uae’s power sector exceeds consumption growth

 



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