There is sufficient electricity and water to meet the needs of Dubai residents and businesses for the next five years, a senior Dubai Electricity and Water Authority (DEWA) official revealed.
The consumption of district cooling, which can reduce power consumption by up to 50 per cent, is on the rise in Dubai, say industry leaders.
Kuwait is set to dramatically increase the countrys power capacity to 17,500 MW by 2014, up from the current capacity of 12,000 MW, according to Minister of Electricity, Badr al-Shuraian.
Colfax Corporation, a global leader in fluid-handling solutions for critical applications, announced its Allweiler AG business unit will deliver a US$1.4mn fuel injection skid order through Siemens AG for use in gas turbines in Iraq. The skids will be used for power plant expansions in Kirkuk as well as new plants being built in Baiji and Baghdad. The first two skids will be completed in early 2011. The Iraqi Ministry of Electricity has ordered an additional five and has options to purchase three more.
Saudi Electricity has posted a 50 per cent rise in second-quarter net profit thanks to lower costs and higher revenues with further gains expected after a rise in power tariffs for some users. The Gulfs largest utility by market value made US$285.3mn in the three months to the end of June compared with US$191mn riyals a year earlier, according to a statement to the Saudi bourse. This figure is 13 per cent higher than analysts forecasts.
