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FINANCIAL NEWS
Mideast to require extra power capacity of 267MW
18 Nov 2016
(MENAFN) The Middle East will require extra power capacity of 267 MW by 2030, which will take the region’s capacity to 509 GW, from 307 GW today.
In the coming 14 years the region will see 66 GW of capacity retired, as stated Siemens in its outlook for the energy landscape in the Middle East.
By 2030, highly efficient combined-cycle power plants will dominate the market, as their share of thermal power generation reaches 65 percent.
Moreover, the region’s growing population requires reliable and efficient power supply, while the share of renewable in the region’s energy mix is ready to increase.
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