Energía

The Middle East and North Africa region needs to pump $250bn into its power sector in the next five years to meet regional electricity demand growth, according to a new report.

The study by the Arab Petroleum Investment Corporation said that over the next five years, power capacity in the MENA region will increase by 7.8 percent annually, translating to a capacity increment of 124 gigawatts.

The report was published ahead of Middle East Electricity 2013, the Middle East’s largest energy event taking place in Dubai in February.

The total amount of required capital investment includes power generation, transmission and distribution (GTD) and accounts for more than 200 planned and announced energy-related projects in the MENA region valued between $100m and $20bn.

Middle East Electricity’s location will be shared by the inaugural edition of Solar Middle East, a three-day event dedicated to the regional solar industry.

With at least 10 solar power facilities worth a combined $6.8bn currently under way in the UAE, Kuwait, Oman, Egypt, Jordan and Morocco, Solar Middle East is set to become the largest gathering of solar technology suppliers ever seen in the region.

Visto en: arabianbusiness