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Tuesday, January 29, 2013

GCC power sector awaits $132bn spend over next 6 years

Rising oil and gas prices coupled with increasing domestic demand are prompting governments across the Gulf region to enhance investments in the power and water sector as well as alternative sources of energy.

The installed generating capacity in the GCC (Gulf Co-operation Council) region is forecast to reach 170,000MW by 2019, according to the latest data from Meed Insight.

The cost of the new building 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.

http://www.gulf-times.com//Business/191/details/340229/%e2%80%98GCC-power-sector-awaits-%24132bn-spend-over-next-6-years%e2%80%99
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1 comment:

  1. GCC PowerApril 24, 2013 at 12:30 PM

    According to Marmore, GCC Power consumption has grown at an annual rate of about 9% from 2002; Saudi Arabia and the UAE account for a combined 75% of the total GCC consumption, and the GCC counties are expected to spend US$46.22 billion until 2015 in order to add an additional 24,395MW of capacity.

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