Oman to invest $2.9bn in energy projects
13 new projects to be announced at Oman Power and Water Summit 2012
Oman represents one of the fastest growing power and water sectors in the Middle East region with electricity and desalinated water demand expected to increase until 2017 at an average growth rate of about 9 per cent per year according to the Oman Power and Water Procurement Company's seven-year statement 2011-2017.
To face the increasing demand, Oman is investing in strengthening power and desalination water generation capacity and in maximising the network efficiency.
Energy efficiency strategies as well as the ongoing and planned power and water projects will be among the key topics to be discussed at the Oman Power and Water Summit 2012, developed in cooperation with the Public Authority for Electricity and Water and with the official support of the Ministry of Regional Municipalities and Water Resources, Oman Power and Water Procurement Company, Authority for Electricity Regulation, Electricity Holding Company and Rural Areas Electricity Company.
As stated by H.E. Mohammed Abdullah Al-Mahrouqi, Chairman of the Public Authority for Electricity and Water (PAEW), "Improving energy efficiency is one of PAEW's key objectives, we hope that the second edition of the Oman Power & Water Summit will attract even more local and international industry experts to share their ideas on optimising the use of electricity and water resources and enhancing energy efficiency. We look forward to hearing about policies and strategies implemented abroad that we can learn from and use to adapt best practices to respond to our country's needs".
The high-level support received for the four-day summit taking place at the Grand Hyatt Muscat on 6-9 May 2012, reflects the strong regional and international interest in Oman's dynamic power and water sector. Speakers from Oman's power and water authorities and companies will be joined by international experts from the Sustainable Energy Authority of Ireland, National Renewable Energy Center of Spain, Organisation for Economic Co-operation and Development and Abu Dhabi Water & Electricity Authority.