Middle East Electricity & Solar 2017

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Overview of the GCC Power Market United Arab Emirates is the Leading Country among the GCC Countries for Launching Several Solar Power Projects
www.oilandgasrepublic.com INDUSTRY NEWS Analysis of UAE RE Projects Dewa approves US$ 7.34 billion on IPP Fewa to spend US$354 million Four Nuclear Power Reactors Under Contruction in UAE South Korean consortium are building four commercial nuclear power reactors, total 5.6 GWe (Gigawatt of electrical output), the first is more than 75% complete and is expected to be completed in 2017. The United Arab Emirates is currently transitioning from an electricity generation system to 100% powered by nuclear, solar and other renewables in order to substantially reduce its carbon emissions. The UAE has massive solar generation potential. The United Arab Emirates has retracted several assumptions about the Middle East and hydrocarbon-exporters with its embrace of renewable energy. The costcompetitiveness of renewable energy gives the country the opportunity to dramatically increase its ambition and demonstrate the industry’s financial viability in the region, while also securing a stable and very low-risk supply of energy, thereby extending the lifetime of its fossil fuel reserves. According to IRENA report, Renewable energy technologies – such as solar Renewable energy is now economically attractive in the United Arab Emirates (UAE). Increasing renewables to 10% of the country’s total energy mix, and 25% of total power generation, could generate annual savings of US$ 1.9 billion by 2 0 3 0 b y r e d u c i n g f o s s i l - f u e l consumption and could lower energy costs. PV, wind power, and waste-to-energy – are already economic in the UAE above USD 8/MBtu, with solar PV potentially competitive with gas prices as low as USD 4.5/MBtu. There is a clear financial rationale for accelerated and greater deployment, surpassing the UAE’s existing targets in the power sector. A 25% share of renewables in power generation by 2030 could be cheaper to achieve than the current targets. The most important enabling factor for renewable energy in the UAE will be the empowerment of government agencies to take strategic measures, comparative views of energy costs – and to act on these through regulation and tendering. The governance model in the Emirate of Dubai, and the creation of the UAE federal energy policy taskforce, are key local references. The new business case for renewables in UAE, will be realised with policy reform and stakeholder awareness. The United Arab Emirates Nuclear Power Plant Photo: venturesonsite federal and emirate-level governments will need to clarify their respective responsibilities for project initiation and implementation, regulate the integration of renewable energy technologies where needed, and set timelines. South Korean consortium won UAE contract to build US$ 20 billion nuclear power plants. South Korean officials said the deal was the biggest single contract the country had ever won abroad. The nuclear reactors should all be in operation by 2020, by which time demand for electricity in the UAE is expected to have more than doubled. The first is scheduled to begin supplying power in 2017. The winning consortium includes Samsung, Hyundai and Doosan Heavy Industries, as well as US firm Westinghouse and Japan's Toshiba. The South Korean president's office described the deal as "the largest megaproject in Korean history". South Korea first introduced atomic power in 1978 and now has 20 nuclear reactors in operation. Dubai Electricity and Water Authority (Dewa) has approved strategic projects worth over US$ 7.34 billion based on the independent power producer (IPP) model in its new budget. The utility firm's move is aimed at leveraging public private partnerships (PPP), building new capacity in renewable energy, and diversifying the emirate’s energy mix in the long term. Dewa total budget of US$ 6.43 billion for 2016, a slight increase from US$ 6.2 billion in 2015. The project will include construction of an 800MW solar photovoltaic independent power plant at Seih al-Dahal along the Dubai - Al Ain Road. The facility, to be developed as an independent power producer (IPP) model, is the largest single-site solar project in the world. It will produce 1,000MW by 2020 and 5,000MW by 2030, at a total investment of US$ 13.6 billion. This supports Dubai Government’s Clean Energy Strategy 2050, which is aimed at reducing carbon emissions. Under this plan, initially 25% of Dubai's energy will come from clean sources by 2030, which will be increased to 100% by 2030. The Federal Electricity and Water Authority (Fewa) of the UAE is set to spend about US$ 354 million on the development of new power distribution stations and expansion of key facilities in the Northern Emirates. The major projects include construction of 25 new power distribution stations, expansion of 17 existing stations and replacement of overhead electric cables with underground ones in the emirates of Ajman, Fujairah, Ras Al Khaimah and Umm Al Quwain (UAQ). Many governing institutions have now been empowered to take a holistic view of the energy sector (comparing different supply options), or to introduce a deployment programme and schedule that could incentivise local industry development and further bring down costs.
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