Saudi Arabia spearheading $260bn Mena power projects growth
- Jul 18, 2022 3:57 pm GMT
The combined committed and planned investments in the power sector across
Of these, nearly
In terms of project value, the
The event, to be held from
More than 300 delegates including senior government officials, project owners, project management professionals, project developers, contractors, sub-contractors, technology providers, utility suppliers, industry experts and key stakeholders will be taking part.
Leading global industry experts will be there to discuss a set of wide-ranging subjects including GCC interconnection, increasing efficiency of power generating units, green hydrogen, wind power, solar power, nuclear power projects, re-powering existing units, retro-fitting power plants with new technology, and business opportunities for the suppliers.
These include Dr Bruce Stedall, Director of Asset Management,
More than 30 industry exhibitors will display their latest technology, products and services to secure public contracts in the power and utilities sectors.
With the theme, fostering innovation and diversification to achieve energy transition and self-sufficiency in the region, the two-day forum will also focus on the development of clean, green and renewable energy that is gaining momentum, said the organisers.
According to Apicorp, the investments in the 2021-25 period are expected to give increased allocations to the transmission and distribution sides of the value chain while maintaining investments in [power] generation to accommodate the growth in power demand.
A major driver behind this trend is the need for more investments in grid reinforcements and enhanced flexibility with the rising share of renewables in the energy mix, it stated.
As power demand recovers in the medium to long term, additional capacities will be needed to cater for the growing demand and shifting demand patterns, while at the same time ensuring power system resilience, reliability and flexibility, and opening new opportunities for increased cross-border power trade, the report added.-
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