United Arab Emirates Power Industry Update Quarter 2 2012

$ 1 088 - April 2013 - by Business Monitor International - 60

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BMI View: Confronted by a sustained increase in demand over our 10-year forecast period, the UAE
authorities at both federal and emirate levels will continue to prioritise generating capacity expansion
programmes. Though we question whether targets will be met with the anticipated speed, the government
and its parastatal utilities are doing most things right, and we expect the sector to keep pace with rising
demand. The country is expanding its electricity mix to include a wider range of fuel sources, spanning to
traditional steam and gas turbines to carbon-light technologies, such as renewables and nuclear.
A comparatively sanguine 2013 macroeconomic outlook for the UAE supports plans for hikes in generating
capacity, and with more than US$8bn to be invested in the period up to 2020, the market is expected to
remain highly attractive to regional and international developers. Several major players are vying for
contracts in the well-established thermal segment, as well as in renewables and nuclear:

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