ID :
14853
Mon, 08/04/2008 - 15:02
Auther :
Shortlink :
https://oananews.org//node/14853
The shortlink copeid
UAE's demand for power needs over US$10b: BMI
Abu Dhabi, Aug 4, 2008 (WAM) - The UAE needs to spend more than US$10
billion to meet soaring power demand, said Business Monitor International (BMI) in its overview of the country's power sector.
Quoting a report by Dubai Chamber, BMI said Dubai alone will have to boost its power generating capacity to 9.5 GW by 2010, BMI estimated.
The UAE will account for 5.77 per cent of regional power generation by 2011,
added BMI which offers analysis, data '&' forecasts on all country across
the Middle East. With aims to leverage the booming power market, Tripp Lite,
a world leading manufacturer of power protection and connectivity equipment,
has announced plans to expand its current portfolio of power protection and
continuity products, whilst intensifying its product development initiatives
as part of its efforts to further strengthen its position in the market.
In response to escalating demands, the UAE Government has announced plans to
expand its 10-gigawatt production capacity by more than 50 per cent by 2017.
The government is undertaking necessary actions to provide adequate supply
of electricity, especially in rapidly growing emirates such as Dubai, which
has recorded a 14 per cent increase per year. Recognising the tremendous
potential in leveraging this market, Tripp Lite is aiming to offer more
robust power protection and continuity equipment to address the requirements
of the UAE market, which uses around 11,000 kilowatt hours per person per
year.
"The swelling demand for power in the UAE is being fuelled by the rapid
increase in population and unprecedented growth in the nation's economy, all
of which requires tremendous amounts of electricity," said Vipin Sharma, VP
of EEMEA '&' India sales, Tripp Lite.
"With government bodies focusing on ensuring that there is adequate power
supply to sustain development, we have identified the outstanding prospect
in aiding their initiatives by providing highly secure power protection
equipment, which not only facilitates continuous electricity supply but
enables power conservation as well. In line with this, we will be rolling
out a specific plan, which will involve new product launches and further
investments into our product development to fully maximise the potential of
this market."
The Dubai Electricity and Water Authority (DEWA) says power consumption in
the emirate in 2006 rose by nearly 30 per cent. This increase is reflective
of the overall outlook for the region's electricity usage, which in turn has
prompted a dedicated effort to meet the demand by increasing the regional
power generation output. As such, regional power generation output is
expected to increase by 29.7 per cent to reach 1,473 terawatt hours between
last year and 2011.
Furthermore, high costs of power plant construction and maintenance, and
shortage of material and skilled operating staff are being met with
endeavours to adopt state-of-the-art power protection and continuity
solutions, which are being offered by Tripp Lite across the entire region.
"Despite the various challenges in power production being faced across the
region, which includes increasing costs and manpower issues and the
continuously growing need for stable power supply, we see significant
movements to counter the offsetting effects of a potential power shortage to
the region's economy and stability. In the midst of these obstacles, it is
imperative for organisations to be fully prepared to adapt to the increased
industrial demand for power as well as its own rising requirements. It is
our commitment to aid these companies by delivering robust power protection
solutions and undertaking further strides, which will assist in resolving
these issues," concluded Sharma.
Focused on providing quality power protection and connectivity solutions
matched with customer service and uncompromising loyalty to its channel
partners, Tripp Lite offers localised assistance to its customers in the GCC
with service centres and over 15 in-country distributors spread across the
region. Providing onsite support warranties for mission critical businesses
through its authorised partners, Tripp Lite also maintains stringent
manufacturing processes and high quality products have enabled the company
to achieve ISO 9001 and SASO and Bureau Veritas certifications. The
company's latest project launch includes a new bundle of new modular 3-phase
UPS systems in the region. - Emirates News Agency, WAM
billion to meet soaring power demand, said Business Monitor International (BMI) in its overview of the country's power sector.
Quoting a report by Dubai Chamber, BMI said Dubai alone will have to boost its power generating capacity to 9.5 GW by 2010, BMI estimated.
The UAE will account for 5.77 per cent of regional power generation by 2011,
added BMI which offers analysis, data '&' forecasts on all country across
the Middle East. With aims to leverage the booming power market, Tripp Lite,
a world leading manufacturer of power protection and connectivity equipment,
has announced plans to expand its current portfolio of power protection and
continuity products, whilst intensifying its product development initiatives
as part of its efforts to further strengthen its position in the market.
In response to escalating demands, the UAE Government has announced plans to
expand its 10-gigawatt production capacity by more than 50 per cent by 2017.
The government is undertaking necessary actions to provide adequate supply
of electricity, especially in rapidly growing emirates such as Dubai, which
has recorded a 14 per cent increase per year. Recognising the tremendous
potential in leveraging this market, Tripp Lite is aiming to offer more
robust power protection and continuity equipment to address the requirements
of the UAE market, which uses around 11,000 kilowatt hours per person per
year.
"The swelling demand for power in the UAE is being fuelled by the rapid
increase in population and unprecedented growth in the nation's economy, all
of which requires tremendous amounts of electricity," said Vipin Sharma, VP
of EEMEA '&' India sales, Tripp Lite.
"With government bodies focusing on ensuring that there is adequate power
supply to sustain development, we have identified the outstanding prospect
in aiding their initiatives by providing highly secure power protection
equipment, which not only facilitates continuous electricity supply but
enables power conservation as well. In line with this, we will be rolling
out a specific plan, which will involve new product launches and further
investments into our product development to fully maximise the potential of
this market."
The Dubai Electricity and Water Authority (DEWA) says power consumption in
the emirate in 2006 rose by nearly 30 per cent. This increase is reflective
of the overall outlook for the region's electricity usage, which in turn has
prompted a dedicated effort to meet the demand by increasing the regional
power generation output. As such, regional power generation output is
expected to increase by 29.7 per cent to reach 1,473 terawatt hours between
last year and 2011.
Furthermore, high costs of power plant construction and maintenance, and
shortage of material and skilled operating staff are being met with
endeavours to adopt state-of-the-art power protection and continuity
solutions, which are being offered by Tripp Lite across the entire region.
"Despite the various challenges in power production being faced across the
region, which includes increasing costs and manpower issues and the
continuously growing need for stable power supply, we see significant
movements to counter the offsetting effects of a potential power shortage to
the region's economy and stability. In the midst of these obstacles, it is
imperative for organisations to be fully prepared to adapt to the increased
industrial demand for power as well as its own rising requirements. It is
our commitment to aid these companies by delivering robust power protection
solutions and undertaking further strides, which will assist in resolving
these issues," concluded Sharma.
Focused on providing quality power protection and connectivity solutions
matched with customer service and uncompromising loyalty to its channel
partners, Tripp Lite offers localised assistance to its customers in the GCC
with service centres and over 15 in-country distributors spread across the
region. Providing onsite support warranties for mission critical businesses
through its authorised partners, Tripp Lite also maintains stringent
manufacturing processes and high quality products have enabled the company
to achieve ISO 9001 and SASO and Bureau Veritas certifications. The
company's latest project launch includes a new bundle of new modular 3-phase
UPS systems in the region. - Emirates News Agency, WAM
