Tag Archive | "Middle east electricity"

$200bn to be pumped in MENA power sector by 2020

Consumption of electricity in the MENA region is said to grow at a faster pace over the next decade, with investments worth more than $200 billion set to be pumped into the region’s power sector by 2020, according to a report.

The MENA Power 2013 report published by MEED Insight earlier this year, said that demand for electricity has grown so rapidly in the region, that in many instances utilities have struggled to keep up, resulting in investments worth billions of dollars in new power plants.

The report added that more than $100bn of investment is required by 2020 to meet the additional capacity with the same amount to be invested in the transmission and distribution sectors – representing a lucrative growth opportunity for anyone working in the power market.

This will come as good news to more than 1,200 exhibitors from 100 countries around the world that will participate in the 39th edition of Middle East Electricity, one of the world’s largest energy events focussing on the power, lighting, renewable and nuclear sectors.

Held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai , Middle East Electricity will take place from 11-13 February 2014 at the Dubai International Convention and Exhibition Centre.

 

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