gcc set to become world\s highest electricity consumers
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

GCC set to become world\'s highest electricity consumers

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice GCC set to become world\'s highest electricity consumers

Dubai - Arabstoday

GCC electricity consumption is expected to increase 2.5 percent annually until 2035 with Gulf residents set to become the world’s highest consumers of electricity per capita, a new report has said.Residents in the Gulf consume 47 percent of the total electricity with just 10.5 percent directed towards industry needs compared to a global average of 37.7 percent, Deloitte said in its white paper on energy and resources in the Middle East. Consumers will have to reduce domestic demand amid an increase in industrial activity, warned Deloitte.“Residents of GCC countries use more electricity domestically than their counterparts in the United States,” Kenneth McKellar, partner and energy and resources leader at Deloitte, Middle East, said in a statement. “GCC countries have embarked on economic diversification plans, with industrialisation as a key component of the long term strategies which they are pursuing,” he added. “Based on the existing electricity consumption patterns of other industrialised and industrializing countries, the success of this strategy may, alongside other measures, require a rebalancing in electricity consumption from residential to industrial sectors in the long term.”The GCC states, controllers of nearly 45 percent of the world’s oil and 25 percent of the global gas wealth, are spending billions of dollars on industrial projects in a bid to diversify their economies away from oil.Oil producers plan to spend nearly $25bn on new aluminum projects and expansion of their existing smelters in the next 12 years, the secretary general of the GCC’s aluminum council said in January.“The aluminum sector has largely developed to become one of the main pillars of economic activity in the region and contribute actively to economic diversification programmes,” said Mahmoud Al Dailami.“Investments in the aluminum sector in the GCC are expected to climb to nearly $55bn in 2022 from around $30bn at present…the investments will cover new projects and expansion of existing smelters,” he added.Dubai in August said it would not raise water and electricity tariffs in the next few years despite rising demand for electricity in the emirate. “There will be no increase in the tariff of electricity and water consumption during the few coming years in Dubai,” Nejib Al Zaafrani, secretary general and chief executive of Dubai\'s Supreme Council of Energy (SCE) said in a statement. From / Arabian Business News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc set to become world\s highest electricity consumers gcc set to become world\s highest electricity consumers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gcc set to become world\s highest electricity consumers gcc set to become world\s highest electricity consumers

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 13:11 2018 Thursday ,18 January

HM King congratulates Bayan School

GMT 07:52 2017 Wednesday ,29 November

London Stock Exchange chief leaves post early

GMT 20:09 2016 Friday ,13 May

American Idol Nick Fradiani

GMT 03:44 2018 Monday ,22 January

Turkey gave US heads-up on Syria operation

GMT 21:55 2018 Thursday ,18 January

'Africa is no shithole': outrage over Trump remark

GMT 16:30 2018 Friday ,12 January

Bahrain press headlines

GMT 09:26 2017 Tuesday ,28 November

National Day travels, are you in?

GMT 08:33 2017 Saturday ,16 September

Politician to achieve reconciliation
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice