• HSBC

UAE power consumption 15% beyond official forecasts

  • United Arab Emirates: Monday, April 07 - 2008 at 15:54
  • PRESS RELEASE

Energy and water consumption in the UAE have exceeded all forecasts, surging to the tune of 19%, a 15% increase on the 7% previously set by the Federal Water and Electricity Department (FWED).

A real estate market growth of 20% nationwide has triggered a concomitant rise in energy consumption, said the FWED Director General, singling out the property fever now gripping the country as the main cause for the increased power consumption. "We have been committed to the forecast 8% growth in energy consumption, but the real estate boom has far surpassed all our records and expectations," he mentioned.

"Energy consumption will continue to rise as a result of economic necessities. Accordingly, we have to seek alternative energy resources in order to achieve two important goals: firstly reducing the considerable costs associated with the construction of energy installations and facilities, and secondly keeping the environment clean and forestalling more of the harmful effects of global warming,"


said Dr Abdullah Al Amiri, Chairman of the Emirates Energy Award, organized by the Dubai Quality Group.

"Renewable energy originates from inexhaustible natural resources, from subterranean hydrocarbon resources, like oil, natural gas and coal, to wind, water and sun, all of which are renewable energy resources already being used by developed countries and some developing nations on a large scale".

He added that the use of renewable energy resources has grown markedly over the past few years in an apparent bid to avoid more of the detrimental effects of global warming and to brace for the approaching exhaustion of subterranean fuels and the concomitant risks.


A recent report by the Dubai Chamber of Commerce and Industry indicated that the electricity sector in Dubai is in need of around $1bn worth of investments annually over the next six to eight years to meet the growing demand, with the emirate of Dubai alone required to increase its power generation capacity to 9.5 GigaWatts by 2010.
Dr Abdullah Al Amiri, Chairman of the Emirates Energy Award, organized by the Dubai Quality Group. 
Dr Abdullah Al Amiri, Chairman of the Emirates Energy Award, organized by the Dubai Quality Group.
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About Emirates Energy Award
The Emirates Energy Award has been launched by Dubai Quality Group to recognize the best implemented practices in energy conservation and management that showcase innovative, cost effective and replicable energy efficiency measures. Such acknowledged practices should manifest a sound impact on the Gulf region to stir energy awareness on a broad level and across the different facets of society. The Emirates Energy Award aims at increasing awareness amongst individuals and policy makers on the importance of optimizing the utilization of energy. This should ultimately contribute to the targeted sustainable development not just in UAE but in the entire region.

For further information, please contact:

Mustafa Al Khafaf
SAHARA
Tel: 3298996 4 00971

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