Mena power demand to grow by 7pc
Rapid population growth is the key driver of the surging power demand
Demand for electric power in the MENA region is accelerating rapidly, and is set to continue to grow by seven per cent annually in the coming decade, according to a report published by the Economist Intelligence Unit (EIU).
The report, titled MENA’s electric power supplies to 2020, states that population growth, economic development and industrialisation, driven by rising oil prices, are significant factors propelling demand for electricity, with some countries diversifying fuel sources and investing in renewable energies, especially solar power, as part of their efforts to expand power supply.
The report, which was published ahead of Middle East Electricity, one of the world’s largest and longest running energy events, added that the Gulf Cooperation Council (GCC) interconnection grid, due for completion by the end of 2013, will enable power surpluses to be traded across the region.
Taking place from 11-13 February 2014 at the Dubai International Convention and Exhibition Centre, Middle East Electricity focuses on the power, lighting, renewable and nuclear sectors, featuring more than 1,200 exhibitors from 100 countries.
“One of the key drivers of the surging power demand in the MENA region is due to rapid population growth,” said Anita Mathews, Director of Informa Energy Group, organisers of Middle East Electricity.
“Others include increasing urbanisation and lifestyle improvements that come with growing economic prosperity, further enhanced by the resurgent construction boom that has now returned to the region.
“The growth of regional power demand is also reflected in the increasing popularity of Middle East Electricity; we are very close to selling all available exhibition space for the 2014 edition some three months before the show opens and next year will certainly be the largest edition yet.”