ID :
21734
Sun, 09/28/2008 - 12:51
Auther :
Shortlink :
https://www.oananews.org//node/21734
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GCC states to invest US$120 billion in power in the next 10 years
Abu Dhabi - Following a hugely successful event in 2008, POWER-GEN Middle East will see a welcome return to the hospitality of the Kingdom of Bahrain for the region's premier conference and exhibition for the power generation, transmission '&' distribution and water industries.
POWER-GEN Middle East has announced that the 2009 event will be hosted at the Bahrain International Exhibition Centre, Manama, Kingdom of Bahrain, from 17th to 19th February, for the 3 day conference and exhibition.
This years' theme, "Keeping Pace with the Middle East's Economic Expansion", is quite pertinent to an event that aims to discuss how the Middle East can plan and meet the power and water demands of the future, in a region that is experience growth at an extraordinary rate.
The Gulf region is seeing an annual average increase in demand for power at around 8 per cent. With renewable water availability expected to fall and populations rapidly rising, the region's authorities are having to continuously increase supplies.
With all the GCC countries requiring significant growth in the power and water sectors, an estimated US$120 billion investment is anticipated in the industry over the next 10 years.
The first phase of the GCC interconnection grid is due to come on-line in 2008, providing inter-connected states with the chance to improve the economic and operational efficiency of their local power systems, while strengthening supply reliability and security.
An estimated 8 per cent of all Arab investment is going into the power sector over the next few years, providing excellent business opportunities across the Gulf region.
With over 120 expected exhibitors and over 3000 expected visitors from over 50 countries, POWER-GEN Middle East will be the most important annual meeting place for international power and water executives for the MENA region.
POWER-GEN Middle East has announced that the 2009 event will be hosted at the Bahrain International Exhibition Centre, Manama, Kingdom of Bahrain, from 17th to 19th February, for the 3 day conference and exhibition.
This years' theme, "Keeping Pace with the Middle East's Economic Expansion", is quite pertinent to an event that aims to discuss how the Middle East can plan and meet the power and water demands of the future, in a region that is experience growth at an extraordinary rate.
The Gulf region is seeing an annual average increase in demand for power at around 8 per cent. With renewable water availability expected to fall and populations rapidly rising, the region's authorities are having to continuously increase supplies.
With all the GCC countries requiring significant growth in the power and water sectors, an estimated US$120 billion investment is anticipated in the industry over the next 10 years.
The first phase of the GCC interconnection grid is due to come on-line in 2008, providing inter-connected states with the chance to improve the economic and operational efficiency of their local power systems, while strengthening supply reliability and security.
An estimated 8 per cent of all Arab investment is going into the power sector over the next few years, providing excellent business opportunities across the Gulf region.
With over 120 expected exhibitors and over 3000 expected visitors from over 50 countries, POWER-GEN Middle East will be the most important annual meeting place for international power and water executives for the MENA region.
