Sunday, June 27, 2010

Dubai to allow private sector investment in power projects

The Dubai government will allow the private sector to invest in power projects in the future, but participation will be limited to 40%, Reuters reported, citing VC of the Supreme Council of Energy Saeed Mohammad Al Tayer. Coal-fired and nuclear energy technologies are being considered to diversify the different energy resources, he added. Power demand in Dubai has reached a peak in June 2010, according to Al Tayer who explained that this level was 5.6% higher than the previous year’s, and is expected to grow further.