DOHA: The installed power generating capacity in the GCC is forecast to reach 170,000MW by 2019, according to the latest data from Meed Insight. The cost of the new build-requirement alone will be an estimated $66bn, with at least the same amount needed to be invested in transmission and distribution (T&D) infrastructure in the next six years.
Rising oil and gas prices combined with increasing domestic power requirements are prompting governments across the GCC, including Qatar, to increase investments in power and water sector, as well as secure alternative sources of energy. Qatar alone boasts to have 35 projects (worth $1.8bn) in power and water sector, a press statement said yesterday.
Confronted with such a massive demand, governments across the GCC are now pouring money into power and water projects with investments reaching $25bn last year.
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