Qatar records massive increase in power capacity
New report shows doubling of capacity between 2009 and 2011
A new report from Kuwait Financial Centre “Markaz” has found that Qatar’s power capacity doubled between 2009 and 2011, driven up by a substantial growth in electricity consumption. Total power capacity in 2009 was recorded at 5,314 MW, rising to 10,542 MW in 2011. Such a rapid expansion in power capacity means that the country currently enjoys a reserve margin of nearly 40%.
Over the same two year period, per capita consumption increased from 10,844 kWh in 2009, to 11,180 kWh in 2011. As power consumption in the country is growing by a CAGR of 9.3% between 2001 and 2011, Markaz has said that it “expects Qatar’s per capita power consumption to remain as one of the highest in the GCC”.
Markaz says that the high margin on electricity production means that Qatar could plan on exporting electricity through the Gulf Cooperation Council Interconnection Authority (GCCIA), and claims Bahrain and Kuwait have already reportedly shown interest in buying Qatar’s electricity.
With natural gas being the obvious – and only – fuel stock for Qatar’s power plants, the report has said that there will need to be an emphasis on creating opportunities and making investments within alternative energy schemes in the future. Currently, no major alternative energy projects are under execution.