10 Billion for UAE Power Generation Demand

UAE needs to spend over USD 10 billion to address demand for Power
Al-Bawaba - Amman,Jordan
The UAE needs to spend more than USD 10 billion to meet soaring power demand, with Business Monitor International (BMI) predicting that the country will account for 5.77 per cent of regional power generation by 2011... In response to escalating demands, the UAE Government has announced plans to expand its 10-gigawatt production capacity by more than 50 per cent by 2017. ..."The swelling demand for power in the UAE is being fuelled by the rapid increase in population and unprecedented growth in the nation's economy, all of which requires tremendous amounts of electricity," said ...According to the Dubai Electricity and Water Authority (DEWA), power consumption in the emirate in 2006 rose by nearly 30 per cent....