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United Arab Emirates : UAE's utilities authorities calls for greater participation by private companies
Publish Date : 10-Nov-2014
The UAE’s utilities authorities have revealed that increased participation by private companies in the UAE’s utilities sector will play a crucial role in the coming years as the country explores measures to address its growing power requirements.
During the opening of the 3rd Annual Global Independent Water and Power Projects (IWPP) Summit in Dubai on Wednesday, H.E. Dr. Matar Al Neyadi, undersecretary at the UAE Ministry of Energy, said, “The UAE has seen double-digit increase in the demand for electricity in the past few years and is expected to continue seeing rapid growth in the coming years. In order to meet this demand, the UAE has allowed private power and water companies to participate in its energy sector for a number of years.” “More recently, due to the rapid growth in demand for power and water in the country, Dubai and the federal government have both launched initiatives to permit private sector participation in the generation of electricity and water.”
IWPP summit which is a two-day event features government authorities, policy-makers, regulatory authorities, utilities companies, financial institutions and technology leaders and supported by the Government of Dubai, UAE Ministry of Energy, Dubai Electricity & Water Authority (DEWA) and Utico Middle East, the region’s largest private full-service utilities provider. Al Neyadi said, “With Dubai poised to host Expo 2020, the demand for upgrading our power and water infrastructure is reaching new heights. Expo 2020 will launch the UAE on the world stage and will also recognise its efforts to promote energy efficiency and sustainability.”
