Construction Middle East: Arabian Civil Engineers by GineersNow GineersNow Engineering Magazine Issue No. 014, Sau | Page 18

Photo credit: Pixabay.com Sponsored Article Reliable and Cost-Effective Supplemental Power Solutions for the Middle East Electricity Sector A reliable power support is key The Middle East Electricity Sector 2017 Analysis Electricity consumption in the Middle East has been exponentially increasing in recent years, and if this current rate persists, the region will require several hundred billion US Dollars by 2020 to construct the necessary power infrastructure to keep pace with its future demand. However, the current economic situation in the Middle East is limiting the governments’ capacity to single-handedly pour in the necessary investment towards the power sector. Thus, several countries in the region, including the UAE, Qatar and Saudi Arabia, have endeavored to unbundle their power sectors into separate segments (generation, transmission and distribution) in an attempt to streamline operations and encourage capital investment from the private sector. A reliable power support is key Many of the region’s governments and private sector investors have embarked on developing new cost-effective, reliable and sustainable 16 Construction Leaders • April 2017 sources of energy that have the potential to dramatically boost the region’s power generating capacity. For example, solar energy projects are rapidly progressing in the Middle East, most notably in the UAE, Saudi Arabia and Kuwait. In fact, industry insiders report that solar power generation receives up to 90% of all government and private sector funding on renewable energy. It is therefore not surprising that solar power is now approaching grid parity and is experiencing phenomenal growth in the Middle East. An example of renewable energy initiatives in the region is Dubai Electricity and Water Authority’s (DEWA) concentrated solar power projects in the UAE, which are touted to generate 1,000 MW by 2030. Most celebrated of these projects is the Mohammed bin Rashid Al Maktoum solar park, which is expected to provide a dedicated supply of 100 MW of electricity to the World Expo 2020. In Saudi Arabia, King Abdullah City for Atomic and Renewable Energy (KACARE) has committed to construct up to 41 GW of solar power plants, and invest in an additional 21 GW of wind and geothermal power in the next two decades.